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Corn price crawls towards the target – Analysis - 18-12-2019
Corn Price resumed its positive trading to move above 390.0 barrier, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, which targets testing 394.1 level as a next station, noting that breaching this level will extend the bullish wave to reach the recently recorded top at 406.6.
Therefore, we will continue to suggest the bullish bias for the upcoming period conditioned by the price stability above 386.3.
The expected trading range for today is between 386.0 support and 396.0 resistance.
The expected trend for today: Bullish
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The USDCHF resumes the decline – Analysis - 18-12-2019
The USDCHF pair provides negative trading yesterday to move away from 0.9836 level, reinforcing the expectations of the bearish trend on the intraday basis, depending on the stability below the mentioned level, waiting for visiting 0.9712 level as a next main station.
MoreThe NZDUSD attacks the support – Analysis - 18-12-2019
The NZDUSD pair opens today’s trading with more of the negative pressure, to break 0.6565 level and attempts to settle below it, which requires being aware from the upcoming trading, where holding below this level will stop the suggested positive scenario in our last reports and pushes the price to begin attempts to return to the main bearish track.
MoreThe AUDUSD tests the moving average – Analysis - 18-12-2019
The AUDUSD pair continues the calm decline to reach the EMA50, which continues to provide positive support for the price, waiting for boucing higher to resme the bullish trend that targets 0.7015 level mainly.
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