Coffee price holds above the support – Forecast today – 19-2-2025
Coffee price ended the correctional bearish rebound by testing 405.20 support line followed by starting to renew the bullish attempts, to notice settling near 422.15 now.
Also, stochastic begins to provide the positive momentum to support the chances of forming new bullish rally to expect attacking 440.00$ recorded high followed by tarting to target new historical stations by moving towards 454.60$.
The expected trading range for today is between 415.00 and 440.00
Trend forecast: Bullish
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Natural gas price achieves big gains – Forecast today – 19-2-2025
Natural gas price formed strong bullish rally yesterday after providing many positive closings above 3.520$ level, to notice surpassing 3.890$ resistance line and settling within the bullish channel again, recording new gains by touching 4.046$.
Now, 3.900$ forming to the bullish channel’s support line along with stochastic attempt to crawl towards the overbought areas support suggesting more bullish attempts that might target 4.148$ followed by reaching the recently recorded high at 4.330$.
The expected trading range for today is between 3.900$ and 4.140$
Trend forecast: Bullish
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The EURJPY gets the additional negative momentum – Forecast today – 19-2-2025
The EURJPY pair kept its consolidation near 158.60 since yesterday, taking advantage of stochastic additional negative momentum signals, to increase the chances of resuming the negative attack on the near-term basis.
Succeeding to break 158.60 and holding below it will open the way to target more negative stations, starting at 157.90 as a first station, followed by attempting to press on the additional support at 157.30.
The expected trading range for today is between 157.90 and 159.60
Trend forecast: Bearish
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The GBPJPY repeats the negative closings – Forecast today – 19-2-2025
The GBPJPY pair ended yesterday by providing new negative close below 193.30 barrier, confirming its surrender to the previously suggested bearish scenario to notice its fluctuation near 161.60 now.
The negative momentum coming by the major indicators will increase the efficiency of the negative track, to keep waiting to target the negative stations that might start at 190.60 and 189.70.
The expected trading range for today is between 189.70 and 192.00
Trend forecast: Bearish
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