Midday update for the GBPUSD 03-06-2022
The tight range dominates the GBPUSD pair’s trades since morning, and as long as the price is below 1.2590, our bearish overview will remain valid for today, supported by stochastic negativity, reminding you that we are waiting to visit 1.2490 followed by 1.2425 levels as main targets.
The expected trading range for today is between 1.2470 support and 1.2650 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 03-06-2022
The EURUSD pair didn’t show any strong move since morning, to continue fluctuating near 1.0770 level, keeping its stability below it, to keep the bearish trend scenario active for today, reminding you that our main waited target is located at 1.0670.
Note that the markets might witness high volatility at the time of releasing the US data today, which urges caution from the upcoming trading.
The expected trading range for today is between 1.0660 support and 1.0820 resistance.
The expected trend for today: Bearish
Copper price returns to the bullish track – Analysis – 3-6-2022
Copper price formed strong bullish rally yesterday to surpass 4.4200 resistance and settle within the bullish channel again, to touch 4.5600.
The consolidation of the moving average 55 near the bullish channel’s support line near 4.4300 and stochastic attempt to provide the positive momentum allow us to expect targeting new positive stations that might start at 4.6400 and 4.8100.
The expected trading range for today is between 4.4500 and 4.6400
The expected trend for today: Bullish
Platinum price confirms the breach – Analysis – 3-6-2022
Platinum price confirmed breaching 985.00 barrier by forming bullish rally towards 1026.00 to reinforce the domination of the expected bullish bias, noting that the stability of the moving average 55 near the breached barrier that forms support line against the bullish attempts confirm blocking the price within the bullish track, to keep waiting to reach new stations that start at 1040.00 and 1075.00.
The expected trading range for today is between 1005.00 and 1075.00
The expected trend for today: Bullish