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The GBPJPY repeats the fluctuation below the barrier – Analysis – 13-7-2022
Despite the GBPJPY pair’s recent sideways trades, the frequent stability below 164.60 barrier forms the major factor to confirm the domination of the correctional bearish scenario for the upcoming trading.
We assure the importance of gathering the negative momentum to manage to form bearish waves in order to reach 161.30 followed by pressing on the additional support at 159.80.
The expected trading range for today is between 163.60 and 161.30
The expected trend for today: Bearish
Platinum price provides new negative close – Analysis – 13-7-2022
Platinum price confirmed surrendering to the domination of the bearish bias by providing new negative close below 855.00, which increases the efficiency of the negative attack, for the near term and medium term period, expecting to reach 805.00 and 780.00 levels.
Note that stochastic provides the required additional negative momentum to achieve the mentioned targets, noting that succeeding to break 780.00 will force the price to suffer additional losses that might extend towards 740.00.
The expected trading range for today is between 855.00 and 805.00
The expected trend for today: Bearish
Copper price resumes the decline – Analysis – 13-7-2022
No change to copper price negative track, to notice resuming the decline and touch 3.2400 level recently, assuring the importance of holding below 3.5500 to assist to reinforce the bearish scenario, expecting to get negative momentum by the major indicators to reach the next main target at 3.1300 followed by monitoring the price behavior to manage to detect the medium term targets.
The expected trading range for today is between 3.3500 and 3.1300
The expected trend for today: Bearish
Wheat price resumes the decline – Analysis - 13-07-2022
Wheat price provided clear negative trades yesterday to move away from 885.50 level, reinforcing the expectations of continuing the bearish trend, which targets 805.00 followed by 744.40 levels as main negative stations.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 885.50.
The expected trading range for today is between 780.00 support and 850.00 resistance.
The expected trend for today: Bearish