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Midday update for Soybean price 22-05-2020

Economies.com
2020-05-22 09:04AM UTC

Soybean price resumes its negative trades to move away from the broken support that appears on the chart, which reinforce the expectations of achieving more decline for the rest of the day, waiting to visit 816.30 that represents our next main station, reminding you that holding below 848.00 is important to continue the suggested bearish wave.

 

The expected trading range for today is between 825.00 support and 845.00 resistance.

 

The expected trend for today: Bearish

Midday update for Corn price 22-05-2020

Economies.com
2020-05-22 09:04AM UTC

Corn Price attempts to break the bullish channel’s support line now, to support the expectations of continuing the bearish trend for the upcoming period, supported by moving below the EMA50, paving the way to head towards 307.60 that represents our first main target, reminding you that it is important to hold below 326.10 to continue the expected decline.

 

The expected trading range for today is between 310.00 support and 326.10 resistance.

 

The expected trend for today: Bearish

Midday update for the NZDUSD 22-05-2020

Economies.com
2020-05-22 09:04AM UTC

The NZDUSD pair crawls downwards calmly to approach the key support base 0.6073, accompanied by witnessing clear oversold signals through stochastic, waiting to motivate the price to resume the expected bullish trend in the upcoming period, which depends on the price stability above the mentioned support, reminding you that we are waiting to visit 0.6216 as a first main target.

 

The expected trading range for today is between 0.6080 support and 0.6216

 

The expected trend for today: Bullish

Midday update for the AUDUSD 22-05-2020

Economies.com
2020-05-22 09:04AM UTC

The AUDUSD pair shows negative trades now to approach testing the key support 0.6490, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend valid for today, as breaking it will press on the price to test 0.6407 before any new attempt to rise.

 

Stochastic reach to the oversold areas supports the chances of resuming the main bullish trend, which targets 0.6685 areas mainly.

 

The expected trading range for today is between 0.6500 support and 0.6650

 

The expected trend for today: Bullish