Soybean price breaches the resistance – Analysis - 26-09-2023
Soybean price opened today’s trading with clear positivity to breach 1311.70 and settles above it, which leads the price to build expected bullish wave on the intraday basis, on its way to visit 1330.50 followed by 1348.30 levels mainly.
Therefore, we expect to witness more bullish bias in the upcoming sessions, noting that breaking 1311.70 and holding below it will bring the price back to the bearish track again.
The expected trading range for today is between 1300.00 support and 1345.00 resistance.
The expected trend for today: Bullish
Corn price surpasses the intraday resistance – Analysis - 26-09-2023
Corn price surpassed the resistance line that appears on the chart and settles above it, to head towards achieving expected gains on the intraday basis, targeting visiting 497.00 followed by 509.50 levels as main positive stations.
Therefore, the bullish bias will be suggested in the upcoming sessions unless breaking 480.60 and holding below it.
The expected trading range for today is between 480.00 support and 495.00 resistance.
The expected trend for today: Bullish
The USDCHF keeps achieving the positive targets – Analysis - 26-09-2023
The USDCHF pair shows additional positive trades to reach the thresholds of the waited target at 0.9145, and we believe that the way is open to continue the rise and achieve new gains that reach 0.9220.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 0.9070, as breaking this level represents the key to start bearish correction on the intraday basis before any new attempt to rise.
The expected trading range for today is between 0.9070 support and 0.9210 resistance.
The expected trend for today: Bullish
The NZDUSD attempts positively – Analysis - 26-09-2023
The NZDUSD pair shows some bullish bias in attempt to approach our waited target at 0.6020, to keep the bullish trend scenario active on the intraday basis, supported by stochastic positivity.
The EMA50 supports the expected rise, which will remain valid unless breaking 0.5900 and holding with a daily close below it.
The expected trading range for today is between 0.5930 support and 0.6020 resistance
The expected trend for today: Bullish