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Midday update for Soybean price 11-05-2021
Soybean price tested the bullish trend support line and bounced bullishly from there, to keep the bullish trend valid and active for the upcoming period, supported by the EMA50 that carries the price from below, depending on the price stability above 1527.20, noting that we are waiting to visit 1600.00 as a next main target.
The expected trading range for today is between 1540.00 support and 1565.00 resistance.
The expected trend for today: Bullish
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Midday update for Corn price 11-05-2021
Corn price trades below the bullish channel’s support line that appears on the chart, but we notice that the EMA50 protects the price from suffering more losses, while stochastic provides clear positive signals now.
MoreMidday update for the NZDUSD 11-05-2021
The NZDUSD pair shows positive trades now to head towards resuming the main bullish trend, noticing that stochastic got rid of its negative momentum to provide positive signals now, waiting for more rise in the upcoming sessions to visit 0.7400 that represents our next target, reminding you that it is important to hold above 0.7180 to continue the expected bullish trend.
MoreMidday update for the AUDUSD 11-05-2021
The AUDUSD pair resumes its positive trading after approaching 0.7810 level this morning, getting clear positive signals through stochastic, waiting for more rise in the upcoming sessions, as our first target is located at 0.7900, while holding above 0.7810 represents key condition to achieve it.
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