Midday update for the EURUSD 17-01-2022
The EURUSD pair shows slight bullish bias to attempt to move away from the bullish channel’s support line, reinforcing the expectations of continuing the bullish trend, which targets 1.1500 followed by 1.1560 levels mainly, reminding you that the continuation of the bullish wave depends on the price stability above 1.1375.
The expected trading range for today is between 1.1350 support and 1.1510 resistance.
The expected trend for today: Bullish
The EURAUD faces solid barrier – Analysis – 17-1-2022
The EURAUD pair failed to resume the bullish attack to face solid resistance at 1.5855, to settle below it as appears on the chart, while the continuous stability of this barrier allows us to suggest the correctional bearish rebound that might target 1.5790 and 1.5770 levels.
On the other hand, breaching the barrier and holding above it will open the way to form strong bullish attack and start achieving additional gains by moving towards 1.5890 followed by reaching 1.5960 in the medium term period.
The expected trading range for today is between 1.5855 and 1.5790
The expected trend for today: Bearish
Coffee price keeps the positivity – Analysis – 17-1-2022
Despite Coffee price affection by the stability of the additional barrier near 245.00, that didn’t affect the main bullish track, to keep its frequent stability within the bullish channel that appears on the chart.
Now, the fluctuating of the moving average 55 above the main bullish channel’s support line at 227.50 in addition to stochastic positive momentum signals allow us to expect the beginning of forming the bullish attempts, to press on the mentioned barrier, while surpassing it will push the price to achieve additional targets by reaching 250.50 and 258.05 levels.
The expected trading range for today is between 230.00 and 245.00
The expected trend for today: Bullish
IBEX index continues the bullish correction – Analysis – 17-1-2022
IBEX index continued to take advantage of the frequent positive pressures to notice resuming the correctional bullish attack by reaching 8800.00, noting that the moving average 55 continues to provide the additional support near 8545.00, and stochastic fluctuates within the overbought areas, allowing us to suggest more rise that might target 9100.00 followed by reaching the bearish channel’s resistance at 9345.00.
The expected trading range for today is between 8680.00 and 8980.00
The expected trend for today: Bullish