Midday update for GBPUSD 07-01-2019
The GBPUSD pair shows slight positive trading and attempts to surpass the EMA50, motivated by stochastic current positivity, waiting for more of the upside moves for the rest of the day if the price settles above 1.2636 level, reminding you that our next main target at 1.2962.
Expected trading range for today is between 1.2660 support and 1.2850 resistance.
Expected trend for today: Bullish
Midday update for EURUSD 07-01-2019
The EURUSD pair makes a new test to 1.1443 level now, which requires being aware from the upcoming trading, where confirming breaching this level will push the price to turn to the upside and targeting 1.1550 level initially, while will keep preferring the bearish trend if the daily close below 1.1443, reminding you that our main initial target at 1.1300.
Expected trading range for today is between 1.1330 support and 1.1480 resistance.
Expected trend for today: Bearish.
Copper price continues to retrace – Analysis – 7-1-2019
Copper price kept the bullish correctional track in the last period, affected by the stability of the support at 2.5500, rallied to the expected initial target at 2.6400, facing extra positive pressures will increase the chances for the price rally to test the extended resistance at 2.7400, then monitoring its behavior to detect the main trend in the upcoming trading.
In spite of the contradiction between the main indicators, but stochastic surpass to the oversold level will increase the chances for reaching the mentioned next target.
Expected trading range for today is between 2.6000 and 2.7400
Expected trend for today: Bullish
Platinum achieves the first target – Analysis – 7-1-2019
Platinum price formed new bullish wave that allows it to achieve the target at 825.00, confirming the and continuation of the bullish correctional bias domination, the price attempt to settle above the current barrier will increase the chances for resuming the positive attempts that target 870.00 and 890.00 level.
Stochastic reinforces the positive suggestion in the near period by its stability above 50 level, providing a new positive momentum, confirming the attempt of achieving the mentioned extra targets.
Expected trading range for today is between 800.00 and 870.00
Expected trend for today: Bullish