Midday update for the EURUSD 25-05-2022
The EURUSD pair trades negatively now to press on the key support 1.0670, which urges caution from the upcoming trading, as the price needs to consolidate above this level to keep the bullish trend active for today, which targets 1.0770 as a next main station.
The expected trading range for today is between 1.0650 support and 1.0780 resistance.
The expected trend for today: Bullish
Copper price is slow – Analysis – 25-5-2022
Copper price moves slowly recently, due to the contradiction of the moving average 55 that settles near 4.4100 resistance against stochastic attempt to provide the positive momentum that moves near 20 level now.
Note that the positive consolidation above the additional support 4.1800 allows us to keep the positive overview until reaching the mentioned resistance, while facing new negative pressures and declining below this support is considered as strong indicator to the surrender to the domination of the bearish bias, to expect suffering big losses that might start by moving towards 3.9300.
The expected trading range for today is between 4.2000 and 4.4000
The expected trend for today: Bullish
Platinum price provides mixed trades – Analysis – 25-5-2022
Platinum price continues to provide mixed trades due to the frequent move within the sideways track represented by 990.00 resistance and 915.00 support, also, the contradiction between the major indicators allows us to stay neutral until surpassing one of the major levels to detect the next main trend.
We remind you that succeeding to breach the resistance will push the price to form strong bullish wave to target many gains that start at 1040.00, while crawling below the support and getting negative close will force the price to suffer big losses by moving towards 890.00 and 855.00 levels.
The expected trading range for today is between 980.00 and 930.00
The expected trend for today: Neutral
The GBPJPY fluctuates within the bullish track – Analysis – 25-5-2022
The GBPJPY pair formed bearish wave yesterday, affected by stochastic fluctuation below 80 level, to touch 158.00 level, while this rebound won’t form any threat to the bullish track due to the main stability within the bullish channel and forming continuous support at 157.60 as appears on the chart.
Therefore, we will keep waiting to gather the additional positive momentum to assist to activate the bullish track again, to expect reaching 160.60 followed by attempting to press on the additional barrier at 161.70 to form the first main target of the bullish track.
The expected trading range for today is between 158.30 and 160.60
The expected trend for today: Bullish