Midday update for the EURUSD 23-04-2019
The EURUSD pair didn’t show any strong move since morning, to remain confined between the confirmation levels that are represented by 1.1180 support and 1.1255 resistance, which makes us keep our neutral attitude valid until now, waiting for breaching one of these levels to detect the next trend clearly.
To recognize the details of the expected targets from the breach, please review our morning report.
The expected trading range for today is between 1.1160 support and 1.1345 resistance.
The expected trend for today: Neutral
Copper price returns to the sideways fluctuation – Analysis – 23-4-2019
Copper price did not succeed to resume the bullish attack due to the lack of the negative momentum caused by stochastic sharp decline towards 20 level, which forced the price to provide new sideways fluctuation due to the stability below 50% Fibonacci correction level at 2.9300.
In general, the bullish overview is dominant unless breaking the bullish channel’s support line at 2.8500, to increase the chances of gathering the additional positive momentum followed by waiting to rally towards the second positive target at 3.0200.
The expected trading range for today is between 2.8600 and 2.9300
The expected trend for today: Fluctuated within the bullish range
Platinum without any news – Analysis – 23-4-2019
No news for Platinum price that fluctuates near the moving average 55, affected by 910.00 level forming intraday barrier against the main bullish attempts, reminding you that the bullish scenario will remain valid as long as the main support line 860.00 remains intact, waiting to provide new positive close above the current barrier to confirm the preparation to record more positive targets, located at 955.00 followed by 1000.00 in the upcoming period.
Stochastic continuous fluctuation within the overbought areas increases the chances of forming new bullish wave to get rid of the current obstacle to expect the beginning of recording the main targets in the near term and medium term period.
The expected trading range for today is between 870.00 and 955.00
The expected trend for today: Bullish
The GBPJPY leans on the moving average – Analysis – 23-4-2019
The GBPJPY pair confirmed keeping the correctional bullish attempts by providing new positive close above the moving average 55, located at 144.80, to increase the chances of achieving the correctional targets at 146.60 followed by reaching the bearish channel’s resistance at 148.00.
The risks of changing the current trend will appear when attempting to crawl below the moving average 55, as it will renew the negative pressures and force the price to suffer many losses by moving towards 143.70 followed by 142.10.
The expected trading range for today is between 144.80 and 146.60
The expected trend for today: Bullish