Midday update for the GBPUSD 14-01-2020
The GBPUSD pair provides new negative trades to approach 1.2920 level, while stochastic loses its positive momentum to hint the possibility of facing more negative pressure in the upcoming period, to continue suggesting the bearish trend in the upcoming sessions unless breaching 1.3150 level, reminding you that breaking 1.2920 will push the price to 1.2736 as a next correctional target.
The expected trading range for today is between 1.2900 support and 1.3060 resistance.
The expected trend for today: Bearish
Midday update for the EURUSD 14-01-2020
The EURUSD pair shows slight bearish bias in attempt to move away from 1.1140 level, to support the continuation of the expected bearish trend for today, which targets 1.1060 level mainly, reminding you that the continuation of the bearish wave depends on the price stability below 1.1140 and 1.1180 levels.
The expected trading range for today is between 1.1060 support and 1.1200 resistance.
The expected trend for today: Bearish
Copper price renews the positivity – Analysis – 14-1-2020
Copper price hinted the preparation to renew the bullish attempts by providing clear positive pressure on 2.8400 barrier, to get rid of the domination of the correctional bearish bias, while confirming the bullish rally requires the price stability above this barrier to allow us to suggest reaching the positive stations located at 2.9000 and 3.0200 in the near term and medium term period.
Our bullish overview depends on the major indicators that provide positive momentum, noticing stochastic attempt to crawl towards the overbought areas to increase the chances of recording the suggested targets.
The expected trading range for today is between 2.8000 and 2.9000
The expected trend for today: Bullish
Platinum holds above the support – Analysis – 14-1-2020
Despite Platinum price recent weak trades, its consolidation within the bullish channel and the frequent stability above the initial support 950.00 supports the previously suggested bullish attempts.
Therefore, we will keep our bullish overview that targets 1025.00 that forms 23.6% Fibonacci correction level, and surpassing it might extend trades towards 1055.00 to press on the bullish channel’s resistance.
The expected trading range for today is between 950.00 and 1025.00
The expected trend for today: Bullish