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Midday update for the GBPUSD 18-12-2019
The GBPUSD pair retests the broken support of the bullish channel and still below it, to keep the correctional bearish pressure suggested for today, which depends on the price stability below 1.3150, reminding you that our next main target reaches 1.2920.
The expected trading range for today is between 1.3000 support and 1.3150 resistance.
The expected trend for today: Bearish
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Midday update for the EURUSD 18-12-2019
The EURUSD pair tested the intraday bullish channel’s support line and keeps its stability above it until now, accompanied by stochastic reach to the oversold areas, while the EMA50 meets the mentioned support to protect trading inside the bullish channel.
MoreCopper price fluctuates within the bullish range – Analysis – 18-12-2019
Copper price didn’t record any new positive level until this morning, affected by the contradiction between the main indicators, therefore, we should note that the stability of the support level at 2.7000 is important to confirm the continuation of the positivity, which requires surpassing 2.8380 level, to open the way towards 2.9200 in the upcoming period.
MorePlatinum is slow – Analysis – 18-12-2019
Platinum price remains under the effect of the slow trading, in spite of the supported factors for the continuation of the positivity, the stability of the support at 915.00 besides the fluctuation of the moving average 55 below it confirms the trading confinement within the bullish range.
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