Corn price attempts positively – Analysis - 21-11-2023
Corn price is testing the EMA50 that forms minor resistance at 485.50, waiting to breach this level to open the way to achieve our positive targets that start at 487.90 and extend to 493.20.
Until now, the bullish trend scenario still active for the upcoming period, reminding you that it is important to hold above 481.30 to achieve the suggested targets.
The expected trading range for today is between 480.00 support and 490.00 resistance.
The expected trend for today: Bullish
The USDCHF approaches the target – Analysis - 21-11-2023
The USDCHF pair shows more bearish bias to approach our first target at 0.8810, reminding you that the price is affected by double top pattern that supports the chances of breaking this level followed by extending the bearish wave to reach 0.8710 as a next main station.
Therefore, the bearish trend scenario will remain valid and active on the intraday and short-term basis, supported by stochastic negativity that appears now, reminding you that it is important to hold below 0.8888 to continue the expected decline.
The expected trading range for today is between 0.8750 support and 0.8890 resistance.
The expected trend for today: Bearish
The NZDUSD begins with clear positivity – Analysis - 21-11-2023
The NZDUSD pair opens today’s trading with strong positivity to move away from 0.6020 level, reinforcing the expectations of continuing the bullish trend, approaching the first positive target at 0.6090, and we suggest surpassing this level to visit 0.6140 as a next main station.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period unless breaking 0.6020 and holding with a daily close below it.
The expected trading range for today is between 0.6020 support and 0.6130 resistance
The expected trend for today: Bullish
The AUDUSD confirms the breach – Analysis - 21-11-2023
The AUDUSD pair confirmed breaching 0.6545 level after closing the daily candlestick above it, to support the continuation of the expected bullish trend on the intraday and short-term basis, and the way is open to achieve our positive targets that start at 0.6605 and extend to 0.6660.
Holding above 0.6545 is important to achieve the suggested targets, noting that the EMA50 continues to support the expected bullish wave.
The expected trading range for today is between 0.6540 support and 0.6640 resistance
The expected trend for today: Bullish