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Corn price faces solid resistance – Analysis - 17-08-2021
Corn price continues the attempts to breach 571.50 level, finding solid resistance there, noticing that stochastic begins to provide positive signals now, waiting to motivate the price to breach the mentioned level followed by opening the way to achieve our positive targets that start at 584.10 and extend to 599.70.
Therefore, our bullish overview will remain valid and active unless breaking 559.00 and holding below it.
The expected trading range for today is between 559.00 support and 585.00 resistance.
The expected trend for today: Bullish
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The USDCHF breaks the support – Analysis - 17-08-2021
The USDCHF pair continued its negative pressure to break 0.9135 level and settles below it, to activate the negative scenario that targets visiting 0.9060 areas initially, supported by moving below the EMA50.
MoreThe NZDUSD under the negative pressure – Analysis - 17-08-2021
The NZDUSD pair broke 0.7000 level strongly and settles below it now, which stops the recently suggested positive scenario and lead the price to turn to decline, on its way to visit 0.6865 areas initially.
MoreThe AUDUSD achieves the first target – Analysis - 17-08-2021
The AUDUSD pair resumed its negative trades to succeed reaching our first waited target at 0.7300, and we suggest surpassing this level to head towards 0.7225 as a next main station, supported by the negative pressure formed by the EMA50.
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