Midday update for the EURUSD 26-06-2019
The EURUSD pair settles around 1.1360 level since morning, and as long as the price is above 1.1320, our bullish overview will remain valid for today, supported by moving above the EMA50, reminding you that our targets begin at 1.1443 and extend to 1.1565 after breaching the previous level.
The expected trading range for today is between 1.1380 support and 1.1443 resistance.
The expected trend for today: Bullish
Copper price repeats the attempts to reach the moving average – Analysis – 26-6-2019
Copper price continued to provide slow positive trading, while approaching the moving average 55 recently supports the chances of resuming the bullish attack in the upcoming period, and it needs to jump above 2.7650 level to get rid of any barrier against the bullish scenario, waiting to achieve the first main target at 2.8360.
Stochastic continues to fluctuate near 80 level to increase the chances of gathering new positive momentum, allowing the price to continue the positive rally until touching the waited target.
The expected trading range for today is between 2.7000 and 2.7700
The expected trend for today: Bullish
Platinum needs strong momentum – Analysis – 26-6-2019
Platinum price did not show any move until this morning, to notice its fluctuation above the initial support 785.00 without achieving any new positive target, while the current sideways bias is caused by the positive momentum, expecting more sideways trading until succeeding to gather additional momentum to assist to reach the positive stations at 840.00 and 885.00.
We continue to remind you that attempting to decline below the current support will cancel the bullish overview, to start expecting the domination of the bearish bias again, expecting to suffer big losses by moving towards 773.00 and 749.00 levels.
The expected trading range for today is between 790.00 and 840.00
The expected trend for today: Bullish
The GBPJPY settles within minor bearish channel – Analysis – 26-6-2019
The GBPJPY pair confirmed keeping the domination of the bearish bias by forming minor bearish channel recently as appears on the chart, while the stability below 136.85 resistance besides stochastic attempt to provide new negative momentum by declining below 50 level form main reason to renew the negativity, waiting to touch 135.60 followed by 134.30 levels.
On the other hand, rallying above the current resistance will confirm postponing the negative attack and start building correctional bullish trades that might push the price to reach 138.50 initially.
The expected trading range for today is between 136.85 and 135.60
The expected trend for today: Bearish