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Corn price keeps its positive stability – Analysis - 12-05-2021

Economies.com
2021-05-12 00:04AM UTC

Corn price kept its stability above the bullish channel’s support line, to keep the bullish trend scenario valid and active for the upcoming period, which targets 730.00 as a next main station.

 

The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 700.00 and 690.00 levels.

 

The expected trading range for today is between 690.00 support and 720.00 resistance.

The expected trend for today: Bullish

The USDCHF within a negative pattern – Analysis - 12-05-2021

Economies.com
2021-05-12 00:03AM UTC

The USDCHF pair’s recent trades are confined within rising wedge pattern that its signs appear on the chart, thus, the price needs to break 0.9015 to get negative motive that supports the expectations of continuing the main bearish trend, which its next target located at 0.8900.

 

Therefore, we will keep our bearish overview unless breaching 0.9100 and holding above it.

 

The expected trading range for today is between 0.8970 support and 0.9080 resistance.

 

The expected trend for today: Bearish

The NZDUSD needs the positive momentum – Analysis - 12-05-2021

Economies.com
2021-05-12 00:03AM UTC

The NZDUSD pair fluctuates within sideways and tight track, settling around 0.7260, while the EMA50 continues to support the price from below, to keep the bullish trend active on the intraday and short term basis, reminding you that our next target extends to 0.7400, while achieving it requires holding above 0.7185.

 

The expected trading range for today is between 0.7220 support and 0.7320 resistance

 

The expected trend for today: Bullish

The AUDUSD gets a positive signal – Analysis - 12-05-2021

Economies.com
2021-05-12 00:03AM UTC

The AUDUSD pair keeps its stability above the key support base 0.7810, to keep the bullish trend valid and active for the upcoming period, motivated by stochastic positivity, waiting to visit 0.7900 initially.

 

Breaching the targeted level will extend the bullish wave to 0.8000, while breaking 0.7810 will press on the price to test 0.7765 areas before any new positive attempt.

 

The expected trading range for today is between 0.7800 support and 0.7900 resistance

 

The expected trend for today: Bullish