Midday update for the EURUSD 11-09-2019
The EURUSD pair shows bearish bias to approach from testing 1.1005 level, which requires being aware from the upcoming trading, where breaking this level will stop the expected bullish trend for today, and pushes the price to achieve more of the downside moves, while the waited positive target of the suggested bullish wave at 1.1100.
The expected trading range for today is between 1.0970 support and 1.1140 resistance.
The expected trend for today: Bullish temporarily
Copper price recovers – Analysis – 11-9-2019
Copper price provided a new positive close above 61.8% Fibonacci correction level, which forms an extra support at 2.5500, reinforcing the bullish correctional bias domination, besides the stability of stochastic within the overbought level increases the chances for gathering the positive momentum, which makes us wait for achieving the correctional target at 2.6680.
The expected trading range for today is between 2.5550 and 2.6680
The expected trend for today: Bullish
Platinum should resume the positivity– Analysis – 11-9-2019
Platinum price couldn’t escape from resuming the positivity due to its repeated stability above the critical support at 863.00 for today, and 910.00 level keeps forming the neckline of the inverted double top confirms its readiness to form a new bullish attack, to target 980.00 level reaching to 23.6% Fibonacci correction level at 1025.00.
Stochastic attempt to reach the overbought level reinforces our bullish expectation by validating a new positive momentum, to ease the attempt of the price rally towards the suggested targets.
The expected trading range for today is between 910.00 and 980.00
The expected trend for today: Bullish
The GBPJPY provides a new bullish signal – Analysis – 11-9-2019
The GBPJPY pair formed a strong bullish wave yesterday to surpass the resistance at 132.70, announcing its move to a new bullish track, and stochastic stability within the overbought level eases the attempt of gathering extra positive momentum, to increase the chances for recording new targets that might begin at 133.60 and 134.50.
Note that suffering any negative pressure and reaching below 132.70 level will force it to form a strong negative rebound, to suffer several losses by reaching 131.65 and 130.65.
The expected trading range for today is between 132.70 and 134.50
The expected trend for today: Bullish