Midday update for the EURUSD 22-10-2021
The EURUSD pair resumed its positive trades after testing 1.1615 level, to keep the bullish trend scenario active for the upcoming period, motivated by the positive overlapping signal provided by stochastic, waiting to test 1.1670 initially, which breaching it represents the key to rally towards 1.1715 followed by 1.1760 levels, while consolidating above 1.1615 represents key condition to achieve these targets.
The expected trading range for today is between 1.1550 support and 1.1710 resistance.
The expected trend for today: Bullish
Natural gas price gains new positive momentum – Analysis – 22-10-2021
Natural gas price succeeded to gather the additional positive momentum due to stochastic approach from 80 level, to move away from the additional support at 4.880 and approach the neckline of the double bottom pattern at 5.205.
Surpassing the current barrier and activating the positive momentum allow us to expect the beginning of targeting new positive levels that might extend towards the moving average 55 at 5.340 followed by reaching the extended resistance at 5.610.
The expected trading range for today is between 5.100 and 5.340
The expected trend for today: Bullish
Coffee price keeps the positivity – Analysis – 22-10-2021
Coffee contracts’ price repeated its stability within the bullish track by moving away from 181.65 support line, to notice recording some positive targets by touching 214.55 recently.
Forming additional support at 194.30 and stochastic fluctuation near 80 level allow us to expect the beginning of forming new bullish rally to manage to hold above 212.00 level followed by waiting to record new positive targets that might extend towards 216.60 followed by reaching the previously recorded top at 225.60.
The expected trading range for today is between 195.00 and 216.60
The expected trend for today: Bullish
The European index rises slowly – Analysis – 22-10-2021
The European index was affected by intraday negativity due to stochastic attempt to exit the overbought areas, to form weak positive fluctuation and settle near 4190.00, reminding you that the stability of the bullish channel’s support line at 4025.00 and the stability of the moving average 55 below the current trades allow us to wait to gather the positive momentum to manage to continue the rise until reaching the main stations near 4245.00 followed by reaching the additional historical targets at 4305.00.
The expected trading range for today is between 4080.00 and 4245.00
The expected trend for today: Bullish