The EURJPY records the targets – Analysis – 14-10-2021
The EURJPY price got advantages from its fluctuation above 23.6% Fibonacci correction level that is represented by 130.90 level, to notice forming a strong bullish rally to surpass the target that is represented by 131.55 level.
The continuation of providing positive momentum to the main indicators makes us expect resuming the bullish attack until hitting 132.05 level, which might form a strong obstacle against the bullish attempts in the current period.
The expected trading range for today is between 131.25 and 132.05
The expected trend for today: Bullish
The EURCHF resumes the negative crawling – Analysis – 14-10-2021
The EURCHF pair kept its negative stability below 1.0752 level, to notice renewing the negative attempts and forming bearish bias to settle below 1.0703, noting that stochastic continuous fluctuation near 20 level will increase the chances of gathering the negative momentum to ease the mission of resuming the bearish attack, which might target 1.0685 followed by 1.0663 levels soon.
The expected trading range for today is between 1.0722 and 1.0685
The expected trend for today: Bearish
Wheat price reaches the target – Analysis - 14-10-2021
Wheat price reached few pips away from our waited target at 717.00, showing some bullish bias now, noticing that stochastic loses its positive momentum clearly, to support the chances of resuming the negative trades to break the mentioned level and open the way to extend the bearish wave towards 696.80.
Therefore, the main bearish trend will remain suggested for the upcoming period unless the price rallied to breach 741.90 and hold above it.
The expected trading range for today is between 710.00 support and 740.00 resistance.
The expected trend for today: Bearish
Sugar price tests the support – Analysis - 14-10-2021
Sugar price tests 19.72 level and keeps its stability above it until now, accompanied by witnessing oversold signals through stochastic, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 20.60 level initially.
We should note that breaking 19.72 will stop the expected rise and press on the price to achieve new bearish correction that its next target located at 19.16.
The expected trading range for today is between 19.60 support and 20.30 resistance
The expected trend for today: Bullish