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Corn price fails to breach – Analysis - 18-08-2021
Corn price bounced bearishly after many attempts to breach 571.50, which hints heading to decline again after the recent bullish correction, and it needs to break 559.00 to confirm the continuation of the decline and achieve negative targets that start at 543.40.
Therefore, the bearish bias will be suggested for the upcoming period unless the price rallied to breach 571.50 and hold above it.
The expected trading range for today is between 550.00 support and 570.00 resistance.
The expected trend for today: Bearish
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The USDCHF loses momentum – Analysis - 18-08-2021
The USDCHF pair fluctuates around 0.9135 level, and closed yesterday below it, to keep the bearish trend active for the upcoming period, supported by stochastic loss to the positive momentum, waiting to visit 0.9060 as a first target.
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