Midday update for the GBPUSD 19-09-2019
The GBPUSD pair resumes its positive trading to test 1.2520 level, waiting for confirming the breach to reinforce the continuation of the expected bullish trend in the upcoming period, keeping the positive scenario active for today, conditioned by holding above 1.2455, reminding you that our next target at 1.2670.
Note that its required to be aware in the upcoming trading, where we are waiting for the issuance of the BOE rate decision, which might cause mixed and strong trading for the GBPUSD pair.
The expected trading range for today is between 1.2380 support and 1.2580 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 19-09-2019
The EURUSD pair returns to test the bearish channel’s resistance, as long as the price is below 1.1085, so our bearish trend expectations will remain valid for today, supported by stochastic negativity, reminding you that we are waiting for visiting 1.0857 level as a next main station.
The expected trading range for today is between 1.0950 support and 1.1100 resistance.
The expected trend for today: Bearish
Copper price repeats the negative fluctuation – Analysis – 19-9-2019
Copper price gained a new negative momentum, to reinforce the continuation of the negativity by recording 2.5700 level, and the continuation of the stability within the bearish channel levels confirms its readiness to record more of the negative targets that begin at 2.5500 reaching to 2.48 level in the medium period.
Stochastic approach from 20 level forms a main factor that confirms the bearish scenario by providing a new negative momentum, to ease the mission of reaching the waited negative stations.
The expected trading range for today is between 2.6000 and 2.5500
The expected trend for today: Bearish
Platinum hovers near the initial support – Analysis – 19-9-2019
Platinum price is forced to form some temporary negative fluctuation, to approach from the initial support at 915.00, the current support forms the inverted double top pattern level, to reinforce the bullish attempts, to wait for forming a new positive rally, to target 1025.00 level that forms 23.6% Fibonacci correction level.
While the price reach below the current support, so that will confirm delaying the bullish attack, to begin forming a bearish correctional rebound to push the price towards testing the critical support at 860.00.
The expected trading range for today is between 915.00 and 965.00
The expected trend for today: Bullish