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Midday update for Soybean price 20-01-2021

Economies.com
2021-01-20 10:06AM UTC

Soybean price shows calm negative trades in attempt to resume the expected bearish trend for the upcoming period, which targets 1290.60 as a next main station, to keep our bearish overview supported by moving below the EMA50, reminding you that it is important to hold below 1381.50 to continue the expected decline.

 

The expected trading range for today is between 1340.00 support and 1370.00 resistance.

 

The expected trend for today: Bearish

Midday update for Corn price 20-01-2021

Economies.com
2021-01-20 10:06AM UTC

Corn price begins breaking 520.10 level and moves below it now, to activate the negative effect of the double top pattern and gets negative motive that supports the expectations of achieving correctional targets that start at 513.00 and extend to 494.90, to continue suggesting the bearish trend in the upcoming sessions conditioned by the price stability below 535.40 and 542.30 levels.

 

The expected trading range for today is between 513.00 support and 530.00 resistance.

The expected trend for today: Bearish

Midday update for the NZDUSD 20-01-2021

Economies.com
2021-01-20 10:05AM UTC

The NZDUSD pair tested 0.7150 level and still below it until now, to keep our bearish overview that depends on the price stability below this level and below 0.7200, noting that breaking 0.7100 will ease the mission of heading towards our main waited target at 0.7047.

 

The expected trading range for today is between 0.7050 support and 0.7200

 

The expected trend for today: Bearish

Midday update for the AUDUSD 20-01-2021

Economies.com
2021-01-20 10:05AM UTC

The AUDUSD pair trades with new positivity to approach 0.7760 level, and as we mentioned this morning, the price needs to hold below this level to keep the bearish trend active for today, which targets 0.7665 followed by 0.7625 levels mainly, noting that breaching 0.7760 will stop the expected decline and push the price to resume the main bullish trend again.

 

The expected trading range for today is between 0.7650 support and 0.7760

 

The expected trend for today: Bearish