|
Soybean price attempts positively – Analysis - 11-09-2023
Soybean price shows positive trades by today’s open to move above the intraday bearish channel’s resistance, but we notice that stochastic lost its positive momentum clearly, which supports the chances of resuming the expected bearish trend on the intraday basis, which targets testing 1348.30 mainly.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 1385.00 and holding with a daily close above it.
The expected trading range for today is between 1355.00 support and 1385.00 resistance.
The expected trend for today: Bearish
Corn price within continuation pattern – Analysis - 11-09-2023
Corn price’s recent trades are confined within symmetrical triangle that appears on the chart; thus, the price needs to break 480.00 to get negative motive that assist to rally towards our main negative target at 435.60.
MoreThe USDCHF within sideways track – Analysis - 11-09-2023
The USDCHF pair trades within sideways track in the previous sessions, affected by stochastic negativity to show some bearish bias now, while the EMA50 continues to provide the positive support to the price, to continue suggesting the bullish trend for the upcoming period, which targets 0.8995 mainly.
MoreThe NZDUSD attempts to breach – Analysis - 11-09-2023
The NZDUSD pair shows bullish bias now to attempt to surpass 0.5900 level, but we notice that the EMA50 forms negative pressure against the price, which might push the price to decline again.
More