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Coffee price touches the target – Analysis – 27-5-2021
Coffee price resumed its bullish attack to notice touching the first main target at 155.90, noting that the current barrier forms 50% Fibonacci correction level and might force the price to provide some sideways trades until achieving the required breach to confirm the continuation of the positivity for the upcoming period.
In addition, we will depend on 144.40 level forming the additional support to expect getting positive momentum by stochastic and achieve the required breach to reach new positive stations that might start at 161.80 and 169.30.
The expected trading range for today is between 148.00 and 161.00
The expected trend for today: Bullish
IBEX index keeps the positivity – Analysis – 27-5-2021
Despite IBEX index weak trades, its frequent stability above 9055.00 confirms surrendering to the domination of the expected bullish bias.
Stochastic provides the positive momentum by crawling towards the overbought areas, expecting to form strong bullish waves, waiting to achieve many targets that start at 9350.00.
The expected trading range for today is between 9250.00 and 9350.00
The expected trend for today: Bullish
The European index prepares for new rise – Analysis – 27-5-2021
The European index repeated its fluctuation near the historical top at 4063.00, to take advantage of the main stability within the bullish channel by targeting new levels in the near term period.
We expect stochastic to provide the additional positive momentum to rally towards 4125.00 as a first target for the bullish track, while surpassing it will push to target 4190.00 direct.
The expected trading range for today is between 3990.00 and 4125.00
The expected trend for today: Bullish
The EURJPY needs new positive momentum – Analysis – 27-5-2021
The EURJPY pair kept its positive stability within the bullish channel due to the continuous positive momentum signals, reminding you that it is important to breach 133.30 level and hold above it to increase the chances of achieving new positive targets that might extend towards 133.90 and 134.20 levels.
Note that the price attempt to decline below the additional support at 132.60 will force it to postpone the bullish attack and start providing correctional bearish trades that might push it to suffer some losses by moving towards 132.05 and 131.40 levels.
The expected trading range for today is between 132.80 and 133.90
The expected trend for today: Bullish