|
The coffee price repeats the negative attempts– Forecast today – 23-5-2025
The coffee price continued to form negative trading affected by the repeated negative stability below the resistance at 383.70, besides reaching below 23.6%Fibonacci correction level at 371.10, to suffer extra losses by reaching 395.40.
Note that stochastic attempt to reach the oversold level will increase the negative pressures on the trading, to expect suffering extra losses that might begin at 351.20 and 339.20.
The expected trading range for today is between 351.20 and 370
Trend forecast: Bearish
Thanks for your feedback.
The EURJPY settles above the support– Forecast today – 23-5-2025
The EURJPY pair ended the temporary negative trading by testing the moving average 55 at 161.80, then bouncing directly above the support at 162.00, announcing the continuation of the suggested bullish track.
MoreThe GBPJPY gets advantage from the stability of the moving average 55– Forecast today – 23-5-2025
The GBPJPY pair succeeded to surpass the negative pressures after facing the moving average 55, which formed extra support at 192.10, forming some bullish waves and its stability near 193.30 to increase the chances for activating the previously waited bullish attack.
MorePlatinum price resumes the rise– Forecast today – 23-5-2025
Platinum price succeeded to surpass the resistance at $1083.00 level this morning, to confirm its move to a new positive station, recording some of the gains by hitting $1095.00 level.
More