Midday update for the GBPUSD 24-06-2022
The GBPUSD pair hovers around the EMA50 since morning, waiting to get positive momentum that assist to push the price to resume the bullish wave that targets 1.2320 followed by 1.2490 levels, reminding you that it is important to hold above 1.2205 to achieve these targets.
The expected trading range for today is between 1.2200 support and 1.2370 resistance.
The expected trend for today: Bullish
Midday update for the EURUSD 24-06-2022
The EURUSD pair continues to fluctuate between the trend keys represented by 1.0480 support and 1.0550 resistance, and as we mentioned this morning, the price needs to breach one of these levels to detect its next targets clearly.
To review the details of the expected after the beach, please check our morning report.
The expected trading range for today is between 1.0440 support and 1.0610 resistance.
The expected trend for today: Neutral
Copper price continues to decline – Analysis – 24-6-2022
Copper price kept its negative stability to continue providing the negative trades, approaching 61.8% Fibonacci correction level at 3.6800, while the negativity is caused by the stability of 3.9300 barrier, in addition to stochastic consolidation within the oversold areas, to increase the negative pressures on the upcoming trades.
Note that succeeding to break 3.6800 and holding below it will reinforce the continuation of the negativity, to open the way to target new negative stations that might start at 3.5300.
The expected trading range for today is between 3.8200 and 3.6300
The expected trend for today: Bearish
Platinum price achieves the break – Analysis – 24-6-2022
Platinum price took advantage of the frequent negative pressures by forming new bearish wave to settle below the key support 920.00, to hint moving to the bearish track by achieving 906.00 level.
The above chart shows stochastic attempt to crawl towards the oversold areas, to increase the chances of gathering the negative momentum, to continue suggesting the negative attempts until reaching 890.00 and 855.00 levels.
The expected trading range for today is between 925.00 and 860.00
The expected trend for today: Bearish