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Coffee price keeps the positivity – Analysis – 22-10-2021
Coffee contracts’ price repeated its stability within the bullish track by moving away from 181.65 support line, to notice recording some positive targets by touching 214.55 recently.
Forming additional support at 194.30 and stochastic fluctuation near 80 level allow us to expect the beginning of forming new bullish rally to manage to hold above 212.00 level followed by waiting to record new positive targets that might extend towards 216.60 followed by reaching the previously recorded top at 225.60.
The expected trading range for today is between 195.00 and 216.60
The expected trend for today: Bullish
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The European index rises slowly – Analysis – 22-10-2021
The European index was affected by intraday negativity due to stochastic attempt to exit the overbought areas, to form weak positive fluctuation and settle near 4190.00, reminding you that the stability of the bullish channel’s support line at 4025.00 and the stability of the moving average 55 below the current trades allow us to wait to gather the positive momentum to manage to continue the rise until reaching the main stations near 4245.00 followed by reaching the additional historical targets at 4305.00.
MoreThe EURJPY gets the negative momentum – Analysis – 22-10-2021
The EURJPY price started to get the negative momentum by stochastic exit from the overbought areas, to notice forming correctional bearish wave recently and reach 132.25, reminding you that the frequent stability below 133.60 barrier and the continuous negative momentum by the indicators support more negativity now, to expect crawling below 132.25 and reach 131.50 as a next target.
MoreThe GBPJPY approaches the first target – Analysis – 22-10-2021
The GBPJPY pair surrendered to the stability of the historical resistance at 158.22, to notice forming correctional bearish rebound yesterday and approach the first target at 156.60, while the current positive rebound hints the attempt to gather the additional negative momentum to manage to break 156.60 and target new correctional levels that might extend towards 155.80 followed by reaching 154.50 that will form additional support against the negative trades.
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