Soybean price shows additional positive trades to attempt to breach the bearish channel’s resistance line, but we notice that stochastic shows negative signals that keep the chances valid to continue the main bearish trend, waiting to test 973.00$ as a first negative station, which breaking it represents the key to rally towards 960.30$ followed by 930.00$ as main negative targets.

On the other hand, we should note that breaching 998.00$ will stop the expected decline and lead the price to start bullish correction on the intraday basis.

The expected trading range for today is between 970.00$ support and 995.00$ resistance.

Trend forecast: Bearish

Corn price traded with clear positivity yesterday, as it breached 387.30$ and settled above it, to hint the attempt to achieve some bullish correction, but we notice that stochastic shows clear negative signals that might push the price to decline again.

Therefore, the contradiction between the technical indicators makes us stay aside until we get clearer signal for the next trend, noting that breaching 394.80$ will push the price to visit 405.20$ as a first correctional target, while breaking 387.30$ will push the price to decline again and head towards 380.00$ followed by 365.00$ as next negative targets.

The expected trading range for today is between 380.00$ support and 400.00$ resistance.

Trend forecast: Neutral

The USDCHF price succeeded to achieve our waited target at 0.8430 and presses negatively on it, to support the expectations of extending the bearish wave and head to target 0.8332 areas as a next main station.

Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that holding below 0.8543 represents major condition to the continuation of the expected decline.

The expected trading range for today is between 0.8355 support and 0.8495 resistance.

Trend forecast: Bearish

The NZDUSD price managed to breach 0.6228$ and close the daily candlestick above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, and the way is open to achieve our next target that reaches 0.6300.

The EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 0.6228$ and holding above it.

The expected trading range for today is between 0.6200$ support and 0.6300$ resistance

Trend forecast: Bullish