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The GBPJPY hits the first target – Forecast today – 19-12-2024

Economies.com
2024-12-19 05:28AM UTC

The GBPJPY pair returned to form bearish trades, achieving the first target at 194.00 to faces 50% Fibonacci correction level that formed solid support to push it to form bullish rebound and settle near 195.50.

 

We remind you that 195.85 forming for major barrier and stochastic negative momentum signals allow us to keep the bearish overview, assuring the importance of breaking 194.00 support line to open the way to target new negative stations that might extend towards 192.90.

 

The expected trading range for today is between 194.00 and 195.80

 

Trend forecast: Bearish

Platinum price repeats the fluctuation above the support – Forecast today – 19-12-2024

Economies.com
2024-12-19 05:26AM UTC

Despite the continuous negative momentum provided by the major indicators, the stability of the initial support at 920.00$ hinders the attempts of platinum price to resume the expected negative attack, to notice the sideways fluctuation near 925.00$.

 

We remind you that the bearish scenario depends on 950.00$ level forming continuous major barrier, allowing us to wait to achieve the required break to open the way to target the negative stations near 905.00$ and 888.00$.

 

The expected trading range for today is between 905.00$ and 950.00$

 

Trend forecast: Bearish

Copper price awaits to break the support – Forecast today – 19-12-2024

Economies.com
2024-12-19 05:25AM UTC

Copper price still affected by the negative pressures caused by the continuous negative momentum coming by the major indicators, to notice providing more clear pressures on the initial support 4.000$.

 

These factors allow us to keep waiting to achieve the required break to open the way to target more negative stations that might start at 3.9300$ and 3.8200$, noting that the attempt to breach 4.2000$ barrier will cancel the negative overview for the current trades.

 

The expected trading range for today is between 3.9300$ and 4.1000$

 

Trend forecast: Bearish

Ethereum price (ETHUSD) surpasses the negative target – Forecast today - 19-12-2024

Economies.com
2024-12-19 04:11AM UTC

Ethereum price (ETHUSD) managed to achieve our waited negative target at 3680.00$, noticing that the price begins today with additional decline to break this level and attempt to hold below it, paving the way to achieve more bearish correction that its next target reaches 3425.50$.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaching 3680.00$ and holding above it will stop the bearish correction and lead the price to start recovery attempts and regain the main bullish trend again.

 

The expected trading range for today is between 3500.00$ support and 3790.00$ resistance.

 

Trend forecast: Bearish