Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Corn price gets a positive motive – Forecast today - 21-08-2024

Economies.com
2024-08-21 04:04AM UTC

Corn price resumed its positive trading to reach our first waited target at 397.50$, noticing that stochastic overlaps positively now to motivate the price to provide more expected positive trades in the upcoming sessions, waiting to head towards 405.20$ as a next main target.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 387.30$ will stop the bullish wave and push the price to resume the main bearish track again.

 

The expected trading range for today is between 390.00$ support and 405.00$ resistance.

 

Trend forecast: Bullish

The USDCHF price hits the target – Forecast today - 21-08-2024

Economies.com
2024-08-21 04:04AM UTC

The USDCHF price succeeded to achieve our waited target at 0.8543, noticing that the price begins today with additional negativity to attack this level and attempt to hold below it, to support the chances of continuing the bearish trend in the upcoming sessions and pave the way to achieve additional negative targets that reach 0.8430 as a next negative station.

 

Therefore, we expect to witness more decline on the intraday basis, taking into consideration that failing to confirming breaking 0.8543 will stop the negative scenario and lead the price to start bullish wave that its first main target located at 0.8673.

 

The expected trading range for today is between 0.8460 support and 0.8600 resistance.

 

Trend forecast: Bearish

The NZDUSD price surpasses the target – Forecast today - 21-08-2024

Economies.com
2024-08-21 04:04AM UTC

The NZDUSD price managed to breach 0.6140$ level and closed the daily candlestick above it, to support the continuation of the expected bullish trend on the intraday and short term basis, opening the way to head towards 0.6228$ that represents our next main target.

 

The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 0.6140$.

 

The expected trading range for today is between 0.6110$ support and 0.6210$ resistance

 

Trend forecast: Bullish

The AUDUSD price breaches the resistance – Forecast today - 21-08-2024

Economies.com
2024-08-21 04:04AM UTC

The AUDUSD price breached 0.6728$ level clearly and ended yesterday above it, to head towards resuming the main bullish track and achieve new gains that reach 0.6800$.

 

Therefore, the bullish bias will be suggested in the upcoming sessions, supported by the EMA50, noting that breaking 0.6728$ will stop the expected rise and push the price to turn to decline.

 

The expected trading range for today is between 0.6700$ support and 0.6800$ resistance

 

Trend forecast: Bullish