|
The GBPJPY suffers some losses – Analysis – 17-8-2021
The GBPJPY pair reacted to stochastic negativity, to notice crawling below the moving average 55 and record 151.00 level, hinting surrendering to the domination of the previously expected bearish bias.
We remind you that it is important to hold below 151.80 barrier, noting that stochastic reach to the oversold areas support more negative attempts that might target 150.65 followed by 149.55 levels.
The expected trading range for today is between 151.50 and 150.00
The expected trend for today: Bearish
Thanks for your feedback.
Platinum keeps the negativity – Analysis – 17-8-2021
Platinum price ended its recent fluctuation by providing new negative close below 1035.00 that forms additional barrier against the negative trades, to increase the chances of recording the negative targets around 980.00 and 945.00.
MoreCopper price fluctuates above the support – Analysis – 17-8-2021
Copper price failed to surpass 4.4200 barrier, to hinder the bullish rally and force it to form new sideways fluctuation, while the frequent stability above the bullish channel’s support line at 4.2630 allows us to wait to gather the required positive momentum to achieve the breach and reach the positive stations near 4.5100 and 4.6400.
MoreWheat price keeps its positive stability – Analysis - 17-08-2021
Wheat price continues to fluctuate near 768.00 level, keeping its stability above it, to keep the bullish trend scenario valid and active for the upcoming period, which targets 790.00 followed by 800.00 levels mainly.
More