The GBPJPY still bearish – Analysis – 26-4-2021
Despite the GBPJPY pair’s recent weak trades, its negative stability below 151.80 resistance and stochastic continuous negative momentum signals agree the continuation of the previously suggested negativity.
We expect to crawl towards 148.70 now, and surpassing this level will extend trades towards the first main target at 147.80, followed by monitoring the price behavior due to the importance of this level to detect the next main trend.
The expected trading range for today is between 150.30 and 147.85
The expected trend for today: Bearish
Platinum attempts to get rid of the intraday negativity – Analysis – 26-4-2021
Platinum price started to take advantage of the positive factors caused by its consolidation within the bullish channel, to notice providing strong pressures on 1230.00 barrier, also, 1195.00 level forms the additional support to increase the chances of recording new positive targets that might extend to 1290.00 and 1350.00.
Note that stochastic attempt to reach the overbought areas will increase the positive pressures to provide the price with new positive momentum and manage to reach the suggested positive stations.
The expected trading range for today is between 1215.00 and 1260.00
The expected trend for today: Bullish
Copper price hits the target – Analysis – 26-4-2021
Copper price achieved the target at 4.3800 this morning, to press on the bullish channel’s resistance that appears on the chart, expecting to get positive momentum by stochastic, to form new bullish rally and move above the current resistance to start targeting move targets by moving towards 4.5000 and 4.6400.
The expected trading range for today is between 4.2400 and 4.5000
The expected trend for today: Bullish
Wheat price completes a positive pattern – Analysis - 26-04-2021
Wheat price confirmed the formation of bullish flag pattern that its signs appear on the chart, to rally upwards strongly and surpass 700.00 barrier, confirming the continuation of the main bullish trend, which its next target located at 750.00.
Therefore, we expect witnessing more rise in the upcoming sessions, noting that it is important to hold above 706.00 as a first condition to continue the suggested bullish trend.
The expected trading range for today is between 710.00 support and 740.00 resistance.
The expected trend for today: Bullish