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Corn price completes the negative pattern – Analysis - 13-09-2023
Corn price begins to break the symmetrical triangle’s support line that appears on the chart, reinforcing the expectations to continue the bearish trend in the upcoming sessions, paving the way to head towards our main expected target at 435.60.
Stochastic provides negative signals that support the continuation of the expected decline, which will remain valid unless breaching 509.50 and holding above it.
The expected trading range for today is between 465.00 support and 485.00 resistance.
The expected trend for today: Bearish
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The USDCHF needs more positive momentum – Analysis - 13-09-2023
The USDCHF pair continues to move within the sideways range that appears on the chart, waiting to get positive motive that assist to push the price to resume the expected bullish trend on the intraday and short-term basis, reminding you that our next target is located at 0.8995.
MoreThe NZDUSD completes negative pattern – Analysis - 13-09-2023
The NZDUSD pair faced negative pressure to break 0.5900 and attempts to hold below it, and by taking a deeper look at the chart, we find that the price completed forming bearish flag pattern represented by the minor bullish channel that appears on the chart, which puts the price under expected negative pressure in the upcoming sessions, to head towards visiting 0.5800 followed by 0.5750 levels as next main targets.
MoreThe AUDUSD presses on the support – Analysis - 13-09-2023
The AUDUSD pair faced solid resistance at 0.6450 that hindered the mission to rise, to trade negatively now and press on the key support 0.6400, which hints heading to resume the bearish track again, but we prefer to stay aside until the price confirms its situation according to the mentioned support to detect the next destination clearly.
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