Midday update for the EURUSD 30-05-2022
The EURUSD pair tests 1.0770 level and finds solid resistance there, and as long as the price is above 1.0670, our bullish overview will remain valid and active for today, supported by the EMA50, reminding you that breaching 1.0770 is required to confirm rallying towards 1.0865 as a next positive station.
The expected trading range for today is between 1.0680 support and 1.0840 resistance.
The expected trend for today: Bullish
No news for copper price – Analysis – 30-5-2022
No news for copper price, as the major indicators continue to contradict, to keep its stability above the additional support at 4.1800 to continue postponing the negative attack by rallying towards 4.3200.
There is a chance to renew the correctional bullish attempts to expect targeting the major resistance at 4.4100 before reaching any new negative station, which allows us to suggest the correctional bullish bias for now and monitor its behavior after testing the mentioned resistance.
The expected trading range for today is between 4.2500 and 4.4100
The expected trend for today: Bullish temporarily
Platinum price repeats the sideways fluctuation – Analysis – 30-5-2022
Platinum price still confined within the sideways track until this moment, to continue forming mixed trades, affected by the contradiction between the major indicators, to fluctuate between 985.00 resistance and 918.00 support.
These factors allow us to stay neutral and wait to breach one of the mentioned barriers to manage to detect the main trend and the main targets as explained in our previous report.
The expected trading range for today is between 970.00 and 920.00
The expected trend for today: Sideways
The GBPJPY keeps the positivity – Analysis – 30-5-2022
Despite the GBPJPY pair’s weak trades, its main stability within the bullish channel and rallying above the moving average 55 confirm keeping the bullish attempts, to settle near 160.50.
Also, stochastic continues to provide the positive momentum to increase the chances of surpassing 160.80 level and open the way to target new positive stations that might start at 161.70 and 162.40 levels.
The expected trading range for today is between 159.80 and 161.70
The expected trend for today: Bullish