|
Midday update for Wheat price 17-08-2021
Wheat price faces clear negative pressure to break 768.00 and attempts to hold below it, which urges caution from the upcoming trading, as confirming the break by getting a daily close below the mentioned level will press on the price to achieve bearish correction that targets testing 745.00 before any new positive attempt.
Therefore, we prefer staying aside until the price confirms its situation according to 768.00 to detect the next destination clearly.
The expected trading range for today is between 755.00 support and 775.00 resistance.
The expected trend for today: Neutral
Thanks for your feedback.
Midday update for Sugar price 17-08-2021
Sugar price rallied upwards strongly to succeed achieving our second target at 20.50 and breached it to confirm opening the way to achieve more gains in the upcoming sessions, waiting to visit 21.00 that represents our next target, reminding you that the continuation of the bullish wave requires holding above 20.00.
MoreMidday update for the NZDUSD 17-08-2021
The NZDUSD pair shows additional negative trades to approach our waited negative target at 0.6865, to keep the bearish trend scenario dominant for the rest of the day, supported by moving below the EMA50, reminding you that it is important to hold below 0.7000 to continue the suggested decline.
MoreMidday update for the AUDUSD 17-08-2021
The AUDUSD pair managed to surpass 0.7300 level to confirm the continuation of the expected bearish trend for the upcoming period, which its next target located at 0.7225, waiting for more decline for the rest of the day conditioned by the price stability below 0.7375.
More