. Coffee Weekly Price & Technical Analysis Forecast - 10 April 2023

Coffee Weekly Price & Technical Analysis Forecast – 10 April 2023

10 Apr 2023

Coffee Technical Analysis: Weekly Chart

weekly charts

In the weekly charts, Coffee was trading in a down channel. Coffee is currently trading above the middle line of the Bollinger band.

RSI is in the neutral zone which indicates neutralness. MACD is currently below zero which indicates bearishness.

Its immediate support is 160.00 the resistance level is 200.00

Coffee was traded in a down channel before there is a breakout upside.

coffee Technical Analysis: Daily Chart

weekly charts

In the daily charts, Coffee was trading in a down channel. Coffee is currently trading above the middle line of the Bollinger bands

RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 170.00 the resistance level is at 200.00

Coffee was traded in a down channel before there is a trend reversal.

How to Trade Coffee this Week:

Coffee will follow the uptrend until its trend reversal. So, remain bullish on Coffee

TRADE SUGGESTION- BUY AT 180.08, TAKE PROFIT AT 195.00 AND STOP LOSS AT 170.00