coffee price resists the negative pressures– Forecast today – 6-8-2025
AI Summary
- Coffee price is resisting negative pressures and stabilizing above support base at 276.70
- Stochastic indicator suggests positive momentum may lead to targeting 311.00 level
- Trend forecast for coffee price is bullish with expected trading range between 284.00 and 311.00
Despite the strong negative pressure on coffee prices due to its stability below the support of the broken minor channel’s support at 311.00 besides providing negative momentum by the main indicators, but its stability above the support base at 276.70 supports the chances for forming bullish waves, to fluctuate near 297.50.
Stochastic attempt to provide positive momentum that will increase the chances for targeting 311.00 level, surpassing it is important for regaining the bullish bias, then begin recording several gains by its rally to 328.00.
The expected trading range for today is between 284.00 and 311.00
Trend forecast: Bullish
The EURJPY is under negative threat– Forecast today – 6-8-2025
Despite the rally of the EURJPY pair yesterday above 170.45 level, that will not confirm regaining the bullish bias due to the continuation of the main indicators’ contradiction besides forming a strong extra barrier against the current trading.
And that makes us wait for gathering the negative momentum again, which allows it to resume gathering the gains and forming bearish correctional waves to target 169.35 reaching the extra support near 168.45.
The expected trading range for today is between 169.35 and 171.25
Trend forecast: Bearish
The GBPJPY surrenders to the negative pressures– Forecast today – 6-8-2025
The GBPJPY pair repeated its fluctuation below the barrier at 196.60 level, forcing it to activate with stochastic negativity, forming new bearish waves to press on the moving average 55 at 195.35.
We expect forming sideways trading, but its repeated negative stability below 196.60 confirms its surrender to the bearish scenario, which forces it to suffer extra losses by reaching 194.55 followed by 50%Fibonacci correction level at 194.10.
The expected trading range for today is between 194.10 and 196.00
Trend forecast: Bearish
Platinum price fluctuates below the barrier– Forecast today – 6-8-2025
Platinum price stability at $1342.00 confirmed its surrender to the bearish correctional bias domination, approaching from the initial correctional target at 1290.00.
Note that the stability of the moving average 55 above the mentioned barrier confirms the confinement within the bearish track, to keep our bearish expectation until reaching the stations at 1280.00 and 1255.00.
The expected trading range for today is between $1280.00 and $1330.00
Trend forecast: Bearish