Midday update for EURUSD 15-02-2019
The EURUSD pair shows sideways trading since morning and settles around 1.1275, while stochastic continues to provide the negative signals on the four hours’ time frame, to keep the bearish trend scenario active for today, depending on the price stability below 1.1365, reminding you that our next main target is located at 1.1180.
The expected trading range for today is between 1.1180 support and 1.1365 resistance.
The expected trend for today: Bearish
Copper price threats the positive stability – Analysis – 15-2-2019
Copper price responded to stochastic negativity, to notice providing new negative pressure on the bullish channel’s support at 2.7600, and unless the price provided any new negative close below this support, the bullish overview will remain valid, waiting to rally towards 2.8400 in the near term period.
On the other hand, confirming breaking the current support will cancel the bullish overview and start forming strong negative trades that might push to reach 2.7100 followed by 2.6400 levels.
The expected trading range for today is between 2.7600 and 2.8400
The expected trend for today: Bullish
Platinum attempts to hold above the support – Analysis – 15-2-2019
Despite Platinum price facing frequent negative pressures, its stability above the initial support 775.00 supports the preparation to provide bullish trades in the near term and medium term period, as gathering the positive momentum allows us to expect rallying towards 825.00 barrier, which surpassing it will extend trades towards 870.00 in the upcoming period.
We remind you that declining below the current support and providing negative close will reinforce the domination of the bearish bias, to expect suffering many losses by reaching 748.00 followed by 700.00.
The expected trading range for today is between 775.00 and 810.00
The expected trend for today: Bullish
GBPJPY regains its negativity – Analysis – 15-2-2019
The GBPJPY pair ended its bullish rebound by forming negative wave, to break the moving average 55 and reinforce the continuation of the suggested negativity, while we will depend on 142.40 forming additional resistance to increase the chances of reaching 140.45 that will form the first negative target of the bearish bias, and breaking this barrier will extend trades towards 139.60 in the upcoming period.
The expected trading range for today is between 142.40 and 140.45
The expected trend for today: Bearish