Platinum price kept trying to regain the upward trend with positive signals from major indicators, thus holding its ground above the 55 SMA, which recently represented an additional support at $964.00, with the price snagging some gains by wavering near $990.00.
The price will likely form additional ascending waves and might try to pressure the $1000.00 barrier, with a breach sending the price towards the 61.8% Fibonacci retracement level near $1017.
Expected trading range today is between $975 and $1000.
Today’s price forecast: Bullish
Even as the Stochastic continues to send out negative signals, as the price holds its ground above $5.00, it underpins the upward trend, however the price might engage in some sideways trading to gather enough momentum and rush towards $5.150, then target the major resistance at $5.340.
However, a breach of $5.00 would send the price towards more correctional negative trades towards $4.9200, then $4.8100.
Expected trading range today is between $5.000 and
$5.1500.
Today’s price forecast: Bullish
EUR/USD price edged lower in latest intraday trading after retesting the pivotal resistance of $1.0830, while also bumping into the resistance of the 50-candle SMA, doubling negative pressures and forcing the price downward, as it tries to gather enough positive momentum to shake off these pressures.
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GBP/USD price edged lower in latest intraday trading, with negative pressure due to settling below the 50-candle SMA, but the main upward trend remains dominant as the price trades alongside the trend line, with positive signals emerging from the Stochastic after reaching oversold levels compared to the price’s movements, limiting recent losses and granting the price some momentum.
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