Midday update for the EURUSD 12-09-2019
The EURUSD pair shows calm positive trading now to move away gradually from 1.1005 level, keeping the bullish trend scenario valid and active in the upcoming period, depending on the stability above the mentioned level, while our next main target is located at 1.1095.
The expected trading range for today is between 1.0950 support and 1.1100 resistance.
The expected trend for today: Bullish temporarily
Copper price keeps the correctional track – Analysis – 12-9-2019
Copper price formed a new bullish wave yesterday to reinforce the bullish correctional suggestion by its stability at 2.6200, reminding you that the correctional scenario depends on the stability of the support level at 2.5500, besides the continuation of providing positive momentum by stochastic by its fluctuation within the overbought levels.
Therefore, we will keep our bullish expectations that target the bearish channel’s resistance at 2.6600, note that suffering strong positive pressures that might allow it to surpass this resistance, to move to a main bullish track, to begin targeting new positive levels in the upcoming period.
The expected trading range for today is between 2.5850 and 2.6450
The expected trend for today: Bullish
Platinum resumes rising – Analysis – 12-9-2019
Platinum price begun gathering a new positive momentum due to stochastic approach from the overbought level, to reinforce the bullish suggestion in the near and medium period, the stability of the initial support at 910.00 increases the efficiency of the bullish scenario, to keep waiting for reaching to the positive stations, which are located at 980.00 and 1025.00.
Note that the price attempt to reach below the initial support will force it to delay the bullish attack, to begin forming negative correctional trading, to suffer some of losses by reaching 860.00.
The expected trading range for today is between910.00 and 980.00
The expected trend for today: Bullish
The GBPJPY repeats the positive closes – Analysis – 12-9-2019
The GBPJPY pair keeps its positive stability above 132.60 level, which forms the extra support against the bullish trading, stochastic reach to the overbought level will increase the positive pressure, to reinforce our bullish expectation that targets currently surpassing 133.60 level and reaching to the next target at 134.50.
The expected trading range for today is between 132.70 and 134.50
The expected trend for today: Bullish