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Midday update for Soybean price 04-05-2021

Economies.com
2021-05-04 08:37AM UTC

Soybean price shows positive trades after leaning on the EMA50, to reach the thresholds of the key resistance 1527.20, and as we mentioned this morning, the price needs to hold below this level to keep the correctional bearish scenario active, which its targets begin by breaking 1500.00 to confirm heading towards 1475.50.

 

The expected trading range for today is between 1480.00 support and 1527.00 resistance.

 

The expected trend for today: Bearish

Midday update for Corn price 04-05-2021

Economies.com
2021-05-04 08:37AM UTC

Corn price trades positively to reach the key resistance 683.60, which urges caution from the upcoming trading, as continuing the rise and surpassing this level will stop the morning suggested negative scenario and lead the price to regain the main bullish trend again, which its main targets begin at 700.00 followed by 730.00.

 

The expected trading range for today is between 650.00 support and 685.00 resistance.

The expected trend for today: Bearish

Midday update for the NZDUSD 04-05-2021

Economies.com
2021-05-04 08:36AM UTC

The NZDUSD pair shows clear negative trades now to test 0.7150 level, noticing that the price forms bearish pattern that its signs appear on the chart, which support the expectations of continuing the bearish trend on the intraday basis, which its targets begin at 0.7100.

 

Therefore, the bearish trend will remain suggested for the upcoming period conditioned by the price stability below 0.7210.

 

The expected trading range for today is between 0.7130 support and 0.7230 resistance

 

The expected trend for today: Bearish

Midday update for the AUDUSD 04-05-2021

Economies.com
2021-05-04 08:36AM UTC

The AUDUSD pair trades negatively to head towards potential test to the key support 0.7650, which represent one of the next trend keys besides 0.7765 resistance, as the price needs to surpass one of these levels to detect its next targets clearly.

 

Therefore, we will continue with our neutrality until we get clearer signal for the next trend, noting that the details of the expected targets after the breach are explained in our morning report.

 

The expected trading range for today is between 0.7700 support and 0.7820 resistance

 

The expected trend for today: Neutral