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Midday update for Wheat price 10-02-2021
Wheat price shows new negative trades to surpass 644.20 level and moves below it, to reinforce the chances of continuing the decline to visit 629.40, which represents the sideways range’s support line that confines the recent trades as appears on the chart, to continue with our sideways move overview between the mentioned support and 662.50 resistance until breaching one of these levels followed by detecting the next destination clearly.
The expected trading range for today is between 640.00 support and 660.00 resistance.
The expected trend for today: Sideways
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Midday update for Corn price 10-02-2021
Corn price resumes its negative trading to move below the EMA50, reinforcing the expectations of continuing the bearish bias in the upcoming sessions, which its main target located at 531.00, reminding you that holding below 557.50 is important to continue the suggested negative scenario.
MoreMidday update for the NZDUSD 10-02-2021
The NZDUSD pair provided negative trades to approach the EMA50, noting that stochastic gains the positive momentum to support the chances of resuming the expected bullish trend for today, which its next main target located at 0.7315, noting that the continuation of the bullish wave requires holding above 0.7200 and 0.7150 levels.
MoreMidday update for the AUDUSD 10-02-2021
The AUDUSD pair shows some slight bearish bias, affected by stochastic negativity, waiting to get positive momentum to assist to push the price to continue the main bullish trend, which targets 0.7760 followed by 0.7820 levels mainly, reminding you holding above 0.7625 is important to continue the suggested rise.
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