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Corn price breaks the support – Analysis - 12-03-2020
Corn Price broke 373.80 level strongly and settled below it, to turn the intraday track to decline, and the way is open to visit 366.00 as a first negative target.
Therefore, the bearish bias will be expected for today, noting that breaking the targeted level will extend the bearish wave to target the previous recorded low at 353.50, while the expected decline will remain valid unless breaching 373.80 level and holding above it.
The expected trading range for today is between 366.00 support and 375.00 resistance.
The expected trend for today: Bearish
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The USDCHF completes the negative pattern – Analysis - 12-03-2020
The USDCHF pair managed to break the bearish flag’s support line that appears on the chart and settles below it, to get a negative motive that supports the expectations of continuing the bearish trend in the upcoming sessions, on its way to head towards 0.9187 that represents our next negative target.
MoreThe NZDUSD keeps its negative stability – Analysis - 12-03-2020
The NZDUSD pair shows bearish bias by today’s opening after testing the bearish channel’s resistance that appears on the chart, waiting for more decline in the upcoming sessions, which targets 0.6190 level initially.
MoreThe AUDUSD resumes the decline – Analysis - 12-03-2020
The AUDUSD pair resumes its negative trading to approach the bearish channel’s support line that represents our first waited target at 0.6430, expecting the continuation of the negative pressure to achieve more negative targets that extend to 0.6230.
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