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Corn price tests the resistance – Analysis - 21-08-2023
Corn price trades positively by today’s open to approach the key resistance 509.50, affected by stochastic positivity, noting that the EMA50 meets the mentioned resistance to add more strength to it, waiting to resume the negative trades to head towards achieving our next main target that reaches 435.60.
On the other hand, we should note that breaching 509.50 will stop the expected decline and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 470.00 support and 509.00 resistance.
The expected trend for today: Bearish
The USDCHF touches the first target – Analysis - 21-08-2023
The USDCHF pair succeeded to achieve our first waited target at 0.8825 and settles there, waiting to breach this level to open the way to head towards our next positive target at 0.8890.
MoreThe NZDUSD awaits more decline – Analysis - 21-08-2023
The NZDUSD pair crawls downwards and reach 0.5900 level, moving within bearish channel that supports the chances of surpassing this level and open the way to extend the bearish wave on the intraday and short-term basis, reminding you that our next stations reach 0.5840 followed by 0.5750.
MoreThe AUDUSD continues the attempts to break – Analysis - 21-08-2023
The AUDUSD pair continues to fluctuate around 0.6400 level and finds difficulty to confirm breaking it, noticing that stochastic loses the positive momentum again, waiting to assist to push the price to break this level followed by continuing the decline on the intraday and short-term basis, reminding you that our next target is located at 0.6310.
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