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Midday update for GBPUSD 29-03-2018
The GBPUSD pair shows expected bearish bias on its way for a potential test to 1.3985 level, and as long as the price is above this level, the bullish trend scenario will remain active on the short term basis, as breaking it will push the price to visit 1.3817 level mainly.
Stochastic approach to the oversold areas supports the chances of resuming the waited bullish trend, which targets visiting the recently recorded top at 1.4344 as a next main station.
Expected trading range for today is between 1.4000 support and 1.4190 resistance.
Expected trend for today: Overall Bullish
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Midday update for EURUSD 29-03-2018
The EURUSD pair returns to test the key support 1.2304 and attempts to break it, which urges caution from the upcoming trading, as closing the four hours’ candlestick below this level will push the price to continue the decline for the rest of the day and paves the way to target 1.2160 level mainly.
MoreCopper affected by the indicator’s contradiction – Analysis – 29-3-2018
Copper price was affected by the clash of the major indicators, as stochastic rallied above 20 level to notice showing some positive trades, while the sideways trading might continue until gathering new negative momentum to manage to resume the negative attack and start achieving targets by moving towards 2.8500 in the upcoming period.
MorePlatinum continues to fluctuate – Analysis – 29-3-2018
No news for Platinum price that keeps moving between 935.00 support and the moving average 55 that continues to form an obstacle against the bullish rally by consolidating around 960.00 level, thus, we will remain neutral until surpassing one of the mentioned levels and manage to detect the main targets mentioned in our previous report.
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