|
The GBPJPY covers some losses – Analysis – 3-8-2022
The GBPJPY pair touched the first additional negative target yesterday by reaching 159.43, to rebound bullishly towards 162.60, covering some recently recorded losses and settling above the moving average 55 as appears on the chart.
The above chart shows stochastic attempt to exit the oversold areas, to confirm postponing the negative attempts and start suggesting the bullish rally to target 162.80 followed by reaching the next barrier at 163.45.
The expected trading range for today is between 161.30 and 162.80
The expected trend for today: Bullish
Platinum price surrenders to the resistance stability – Analysis – 3-8-2022
Platinum price renewed the sideways trades, affected by the stability of 925.00 resistance line, to decrease the chances of resuming the correctional bullish rally and rebound towards 900.00.
MoreCopper price gets the positive momentum – Analysis – 3-8-2022
Copper price succeeded to keep the correctional bullish track by gathering the positive momentum to continue fluctuating above the main support at 3.1300, to notice renewing the chances of holding above 50% Fibonacci correction level at 3.5000.
MoreThe USDCHF achieves intraday gains – Analysis - 03-08-2022
The USDCHF pair provided clear positive trades yesterday to breach 0.9530, but it faces solid resistance formed by the EMA50 at 0.9585, to force the price to rebound bearishly by today’s open, accompanied by witnessing clear negative signals through stochastic now.
More