Midday update for GBPUSD 01-03-2018
The GBPUSD pair keeps its stability below 1.3796 level, to keep the negative pressure valid until now, reminding you that our next target reaches 1.3666, while holding below 1.3796 represents the first condition to continue the expected bearish trend.
Expected trading range for today is between 1.3666 support and 1.3830 resistance.
Expected trend for today: Bearish
Midday update for EURUSD 01-03-2018
The EURUSD pair crawls downwards gradually to approach our waited target at 1.2160, to keep the bearish trends scenario active until now, supported by the negative pressure formed by the EMA50, reminding you that holding below 1.2304 is important to continue the expected bearish bias, which its targets extend to reach 1.2045 after surpassing the first target.
Expected trading range for today is between 1.2100 support and 1.2280 resistance.
Expected trend for today: Bearish
Copper continues to fluctuate – Analysis – 1-3-2018
Copper price repeated the intraday negative fluctuation to touch the moving average 55 that forms the initial support around 3.1000, expecting this level to form an obstacle against the negative decline to force the price to gather new positive momentum in the near term period, to manage to regain the bullish trend and resume recording the positive targets by rallying towards 3.2500 followed by 3.3200.
On the other hand, crawling below the current support will provide good chance to provide negative pressure on the bullish channel’s support at 3.0500, to form a threat to the positive stability in the upcoming period.
Expected trading range for today is between 3.1000 and 3.2500
Expected trend for today: Fluctuated within the bullish range
Platinum provides negative close – Analysis – 1-3-2018
Platinum price provided new negative close below 985.00 to hint the preparation to provide more negative trading in the near term and medium term period, which allows us to wait to touch the key support at 940.00 followed by monitoring the price behavior due to the importance of this level to determine the next trend.
We should note that the continuation of the negative pressures might increase the chances of crawling below the mentioned key support, to activate the bearish bias domination again and expect to suffer big losses by moving towards 890.00 followed by 810.00 levels.
Expected trading range for today is between 985.00 and 940.00
Expected trend for today: Bearish