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The GBPJPY gains some profits – Analysis – 17-11-2023

Economies.com
2023-11-17 06:22 UTC

The GBPJPY pair activated the correctional bearish track to start gaining some profits, to notice crawling below 186.65, affected by stochastic that settles near 20 level.

 

We remind you that the main stability within the main bullish channel that appears on the chart and 186.30 level forming additional support allow us to wait to gather the positive momentum to renew the bullish attempts that might target 187.35 and 188.00 levels initially.

 

The expected trading range for today is between 186.50 and 187.35

 

The expected trend for today: Bullish

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Platinum price postpones the decline – Analysis – 17-11-2023

Economies.com
2023-11-17 06:21 UTC

Platinum price confirmed postponing the negative attack by fluctuating near 894.00 resistance line, affected by stochastic reach to the overbought areas that contradicts with the MA55 that provides the negative momentum by leaning near 922.00.

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No change to copper price negativity – Analysis – 17-11-2023

Economies.com
2023-11-17 06:21 UTC

Copper price didn’t move, fluctuating near 3.6900 level, keeping its bearish track that depends on the strength of 3.7400 barrier, assuring the importance or gathering the negative momentum again, to ease the mission of reaching the negative stations near 3.6200 and 3.5000.

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Wheat price hits the first target – Analysis - 17-11-2023

Economies.com
2023-11-17 04:06 UTC

Wheat price succeeded to achieve our first waited target at 572.50, noticing that stochastic begins to lose the positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next target reaches 549.70.

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