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Midday update for Soybean price 20-05-2020
Soybean price did not show any strong move since morning, to continue fluctuating around the EMA50, thus, no change to the bearish trend scenario that depends on the price stability below 850.50, while its targets begin at 838.00 and extend to 816.30 after surpassing the previous level.
The expected trading range for today is between 830.00 support and 850.50 resistance.
The expected trend for today: Bearish
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Midday update for Corn price 20-05-2020
Corn Price shows negative trades to approach 317.00 level, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which needs to break 317.00 to ease the mission of rallying towards our main target at 307.60.
MoreMidday update for the NZDUSD 20-05-2020
The NZDUSD pair provided positive trades this morning to keep its stability above 0.6073, thus, our bullish overview will remain valid in the upcoming sessions, depending on the price stability above the mentioned level, supported by the EMA50 that carries the price from below, reminding you that our next station extends to 0.6216.
MoreMidday update for the AUDUSD 20-05-2020
The AUDUSD pair fluctuates within sideways track since morning, settling around 0.6535, while stochastic attempts to get rid of its negativity to gain the positive momentum on the four hours’ time frame, thus, the bullish trend scenario will remain valid for the upcoming period conditioned by the price stability above 0.6407, noting that we are waiting to breach 0.6595 to open the way to rally towards 0.6685 as a next main station.
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