Midday update for the EURUSD 27-05-2022
The EURUSD pair shows some slight bearish bias, affected by stochastic negativity, waiting to get positive momentum that assist to push the price to resume the bullish wave that its targets begin by breaching 1.0770 to confirm rallying towards 1.0865 as a next station, reminding you that failing to breach 1.0770 will force the price to decline towards 1.0670 mainly.
The expected trading range for today is between 1.0700 support and 1.0850 resistance.
The expected trend for today: Bullish
Copper price continues to postpone the decline – Analysis – 27-5-2022
Despite the frequent fluctuation below 4.4100 major resistance, and the negative momentum coming by the major indicators, copper price surrendered to the domination of the sideways bias due to the stability of the additional support 4.1800, which hinders the previously suggested negative attack.
These factors will increase the chances to test the resistance now unless breaking 4.1800 that represents the main way to target the negative stations that might start at 4.1000 and 3.9300 levels.
The expected trading range for today is between 4.2000 and 4.4000
The expected trend for today: Bearish
Platinum price still confined – Analysis – 27-5-2022
No news for platinum price that continues to fluctuate within the sideways track until this moment, noting that the consolidation of the moving average 55 near 980.00 barrier and stochastic crawl below 50 level will increase the chances of forming some negative waves, to manage to press on the sideways track’s support line at 915.00, followed by monitoring the price behavior to manage to detect the next main targets.
The expected trading range for today is between 970.00 and 915.00
The expected trend for today: Bearish
The GBPJPY gets the positive momentum – Analysis – 27-5-2022
The GBPJPY pair continued to fluctuate above the moving average 55 to confirm surrendering to the domination of the expected bullish bias, while stochastic positive momentum signals will increase the chances of starting the bullish attack, to expect targeting 161.70 level, and surpassing this obstacle will extend trades towards the additional stations at 162.40 followed by 163.50 as a next target.
The expected trading range for today is between 159.40 and 161.70
The expected trend for today: Bullish