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Corn price needs strong positive motive – Forecast today - 11-04-2024
Economies.com
2024-04-11 04:25 UTC
Corn Price Analysis
Expected Scenario
- The corn price starts with a bullish bias, approaching the neckline of the inverted head and shoulders’ pattern on the chart.
- Waiting for a breach of the neckline at 445.50$ to activate the positive effect of the pattern and rally towards additional bullish correction.
Expected Outcome
Continuing the bullish trend, it's important to hold above 433.50$ to sustain the expected rise.
Expected Trading Range
Between 436.00$ support and 452.00$ resistance.
Trend Forecast: Bullish
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The USDCHF price completes the positive pattern – Forecast today - 11-04-2024
Economies.com
2024-04-11 04:24 UTC
The EMA50 continues to support the expected bullish wave. Breaking 0.9090 will halt the suggested rise, leading to a test of the bullish channel’s support line around 0.8990 before any new positive attempt.
MoreThe NZDUSD price breaks the support – Forecast today - 11-04-2024
Economies.com
2024-04-11 04:24 UTC
The continuation of the expected decline is supported by moving below the EMA50, valid unless breaching 0.6000$ and holding above it.
MoreThe AUDUSD price declines strongly – Forecast today - 11-04-2024
Economies.com
2024-04-11 04:23 UTC
The bearish bias is suggested, with a potential move towards the 0.6410$ level if the 0.6500$ level is breached.
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