Midday update for the EURUSD 17-09-2019
The EURUSD pair fluctuates near 1.1000 level since morning, as long as the price is below 1.1080, so our bearish trend expectations will remain valid for today, supported by the negative pressure that comes from the EMA50, reminding you that our main waited target at 1.0857.
The expected trading range for today is between 1.0910 support and 1.1080 resistance.
The expected trend for today: Bearish
Copper price begins to decline – Analysis – 17-9-2019
Copper price confirmed its affection by the bearish bias domination, to notice its bounce negatively after facing the resistance at 2.6700, and the stability of the moving average 55 above the current trading increases the negative pressures, to expect reaching below 2.6000 level and targeting 61.8% Fibonacci correction level at 2.5500.
Stochastic surpass to the overbought level and its reach below 50 level supports our negative suggestion by providing a new negative momentum, to increase the chances for resuming the suggested negative attack.
The expected trading range for today is between 2.6200 and 2.5500
The expected trend for today: Bearish
Platinum needs a strong momentum – Analysis – 17-9-2019
No news for Platinum price by its repeated fluctuation near 940.00 level without recording any new positive target, due to its neediness to the positive momentum until this moment, reminding you that the stability of 915.00 level is important to confirm the trading confinement within the bullish range, to wait for gathering the required positive momentum, which allows it to reach to the positive stations that are located at 980.00 and 1025.00.
The expected trading range for today is between 920.00 and 980.00
The expected trend for today: Bullish
The GBPJPY keeps the bullish bias – Analysis – 17-9-2019
The GBPJPY pair provided a new positive close above 133.70 level, to confirm its surrender to the expected bullish bias domination, and gaining an extra positive momentum makes us expect providing a new pressure on 135.10 level, and surpassing it will confirm targeting new positive levels that might begin at 136.50 and 137.35.
While the price attempt to reach below 133.70 level will increase the chances for forming a new negative trading, to expect suffering some losses by reaching the critical support at 132.60.
The expected trading range for today is between 133.7 and 135.10
The expected trend for today: Bullish