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Corn price keeps its positive stability – Analysis - 12-05-2021
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
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The USDCHF within a negative pattern – Analysis - 12-05-2021
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.
MoreThe NZDUSD needs the positive momentum – Analysis - 12-05-2021
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.
MoreThe AUDUSD gets a positive signal – Analysis - 12-05-2021
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.
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