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Corn price is retesting – Analysis - 19-03-2021
Corn price shows negative trades after testing the breached resistance of the symmetrical triangle, and the price needs to consolidate above 540.00 to keep the positive effect of the mentioned pattern active, noticing that stochastic got rid of its negative momentum to enter the oversold areas, which support the chances of bouncing bullishly to resume the main bullish trend again.
Therefore, the positive scenario will remain valid and active for the upcoming period supported by the EMA50, noting that our next target is located at 570.40, while achieving it requires holding above 540.00 and the most important above 530.00.
The expected trading range for today is between 535.00 support and 550.00 resistance.
The expected trend for today: Bullish
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The USDCHF surpasses the resistance – Analysis - 19-03-2021
The USDCHF pair traded with strong positivity yesterday to breach 0.9256 level, as it approached 0.9318 level, but it bounced bearishly to hint the continuation of the bearish trend domination on the intraday trades, supported by stochastic current negativity, which makes us suggest witnessing more decline in the upcoming sessions, waiting to break 0.9256 to reinforce the chances of heading towards 0.9180 as a first negative target.
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