The EURJPY faces stochastic negativity – Analysis – 25-10-2021
The EURJPY price succeeded to get rid of the negative pressures after recording the correctional target at 131.80, to rebound bullishly towards 132.50, hinting the preparation to renew the bullish attempts.
Therefore, we will keep waiting to gather the positive momentum to assist to renew the bullish attack and move towards 132.90, followed by attempting to get rid of 133.55 obstacle in order to find a way to record new positive targets in the upcoming period.
The expected trading range for today is between 132.00 and 133.55
The expected trend for today: Bullish
The EURCHF faces solid support – Analysis – 25-10-2021
The EURCHF price ended its last negative attack by facing a solid support at 1.0660 level, to assist to stop the negative bleeding, to increase the chances for begin the bullish correctional track in the current period.
Stochastic attempt to exit the oversold level will increase the chances for gathering the positive momentum, to expect forming a bullish correctional rally, to target 1.0690 reaching to 1.0722 level.
The expected trading range for today is between 1.0660 and 1.0690
The expected trend for today: Bullish
Wheat price keeps achieving the positive targets – Analysis - 25-10-2021
Wheat price succeeded to achieve the waited extended target at 766.50 and attempts to breach it, to support the chances of continuing the bullish trend on the short term and medium term basis, expecting to target the previously recorded top at 782.20 as a next main station.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 750.00 and the most important above 741.90.
The expected trading range for today is between 755.00 support and 782.00 resistance.
The expected trend for today: Bullish
Sugar price within tight track – Analysis - 25-10-2021
Sugar price trades are confined within tight track in the previous sessions, keeping its stability below 19.16, to keep the bearish trend scenario valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that we are waiting to visit 18.70 followed by 18.25 levels as next main stations.
The expected trading range for today is between 18.50 support and 19.16 resistance
The expected trend for today: Bearish