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Corn price heads towards more negative targets – Analysis - 16-08-2023

Economies.com
2023-08-16 03:33AM UTC

Corn price shows more bearish bias, to confirm the continuation of the bearish trend domination, reminding you that our next target is located at 435.60.

 

Therefore, the negative scenario will remain valid and active, supported by the negative pressure formed by the EMA50, noting that breaching 509.50 will stop the expected decline and lead the price to turn to rise.

 

The expected trading range for today is between 460.00 support and 480.00 resistance.

 

The expected trend for today: Bearish

The USDCHF settles above the support base – Analysis - 16-08-2023

Economies.com
2023-08-16 03:33AM UTC

The USDCHF pair settles above 0.8775 level, getting continuous positive support by the EMA50, to support the chances of continuing the bullish correction and achieve positive targets that start at 0.8825 and extend to 0.8890 after surpassing the previous level.

 

Therefore, the bullish trend scenario will remain valid and active, affected by the previously completed double top pattern, noting that holding above 0.8775 represents the first protection factor to the continuation of the expected rise.

 

The expected trading range for today is between 0.8720 support and 0.8860 resistance.

 

The expected trend for today: Bullish

The NZDUSD crawls downwards – Analysis - 16-08-2023

Economies.com
2023-08-16 03:33AM UTC

The NZDUSD pair fluctuates negatively and gradually approaches the waited target at 0.5900, and it needs to get strong negative motive that assist to push the price to continue the decline, noting that breaking the mentioned level will extend the bearish wave to reach 0.5840 followed by 0.5750 levels.

 

The EMA50 continues to support the suggested bearish wave, which will remain valid unless breaching 0.6020 and holding above it.

 

The expected trading range for today is between 0.5900 support and 0.6000 resistance

 

The expected trend for today: Bearish

The AUDUSD keeps declining – Analysis - 16-08-2023

Economies.com
2023-08-17 03:22AM UTC

The AUDUSD pair shows more bearish bias to approach our waited target at 0.6400, and we expect the continuation of the negative pressure to surpass the mentioned level and open the way to achieve additional negative targets that reach 0.6310 areas.

 

Therefore, the bearish trend will remain dominant on the intraday and short-term basis, supported by the negative pressure formed by the EMA50, reminding you that it is important to hold below 0.6550 to continue the suggested bearish wave.

 

The expected trading range for today is between 0.6380 support and 0.6490 resistance

 

The expected trend for today: Bearish