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Corn price within continuation pattern – Analysis - 11-09-2023
Corn price’s recent trades are confined within symmetrical triangle that appears on the chart; thus, the price needs to break 480.00 to get negative motive that assist to rally towards our main negative target at 435.60.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 509.50.
The expected trading range for today is between 475.00 support and 490.00 resistance.
The expected trend for today: Bearish
The USDCHF within sideways track – Analysis - 11-09-2023
The USDCHF pair trades within sideways track in the previous sessions, affected by stochastic negativity to show some bearish bias now, while the EMA50 continues to provide the positive support to the price, to continue suggesting the bullish trend for the upcoming period, which targets 0.8995 mainly.
MoreThe NZDUSD attempts to breach – Analysis - 11-09-2023
The NZDUSD pair shows bullish bias now to attempt to surpass 0.5900 level, but we notice that the EMA50 forms negative pressure against the price, which might push the price to decline again.
MoreThe AUDUSD begins positively – Analysis - 11-09-2023
The AUDUSD pair trades positively by today’s open to attack 0.6400 level and attempts to hold above it, to hint heading to recover and achieve gains on the intraday basis, but it faces negative factors that might push the price to decline again.
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