Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Corn price awaits the break – Analysis - 04-10-2021

Economies.com
2021-10-04 04:25AM UTC

Corn price continues to fluctuate inside the bearish flag pattern, waiting to break it support line that rises now to 526.00 to motivate the price to return to the main bearish track, noting that the first target is located at 500.00.

 

Therefore, we will keep our bearish overview conditioned by the price stability below 554.00.

 

The expected trading range for today is between 530.00 support and 545.00 resistance.

The expected trend for today: Bearish

Corn price awaits the break – Analysis - 04-10-2021

Economies.com
2021-10-04 04:25AM UTC

Corn price continues to fluctuate inside the bearish flag pattern, waiting to break it support line that rises now to 526.00 to motivate the price to return to the main bearish track, noting that the first target is located at 500.00.

 

Therefore, we will keep our bearish overview conditioned by the price stability below 554.00.

 

The expected trading range for today is between 530.00 support and 545.00 resistance.

The expected trend for today: Bearish

The USDCHF approaches the target – Analysis - 04-10-2021

Economies.com
2021-10-04 04:25AM UTC

The USDCHF pair provided negative trades in the previous sessions to face the EMA50 that forms good support against the price, waiting for more decline to visit 0.9265 that represents the main expected target.

 

Therefore, we will keep our bearish overview unless the price rallied to breach 0.9345 and hold above it, as this breach will lead the price to resume the main bullish track that its next target located at 0.9400.

 

The expected trading range for today is between 0.9265 support and 0.9350 resistance.

 

The expected trend for today: Bearish

The NZDUSD tests new resistance barrier – Analysis - 04-10-2021

Economies.com
2021-10-04 04:25AM UTC

The NZDUSD pair traded positively in the previous sessions to test 0.6945 level, consolidating below it until now, facing negative pressure formed by the EMA50, waiting to resume the main bearish trend, which targets 0.6805 as a next main station.

 

Stochastic negativity supports the expected decline, noting that the continuation of the bearish wave depends on the price stability below 0.6990.

 

The expected trading range for today is between 0.6860 support and 0.6990 resistance

 

The expected trend for today: Overall bearish