|
Soybean price declines again – Analysis - 18-08-2021
Soybean price provided negative trades yesterday to exit the intraday bullish channel that appears on the chart, which pushes the price to turn to decline and head to test 1328.50 followed by 1318.80 areas as main negative targets.
Therefore, the bearish bias will be suggested for the upcoming sessions, and breaking 1355.00 will ease the mission of achieving the suggested targets, while the expected decline will remain valid conditioned by the price stability below 1380.00.
The expected trading range for today is between 1328.00 support and 1375.00 resistance.
The expected trend for today: Bearish
Thanks for your feedback.
Corn price fails to breach – Analysis - 18-08-2021
Corn price bounced bearishly after many attempts to breach 571.50, which hints heading to decline again after the recent bullish correction, and it needs to break 559.00 to confirm the continuation of the decline and achieve negative targets that start at 543.40.
MoreThe USDCHF loses momentum – Analysis - 18-08-2021
The USDCHF pair fluctuates around 0.9135 level, and closed yesterday below it, to keep the bearish trend active for the upcoming period, supported by stochastic loss to the positive momentum, waiting to visit 0.9060 as a first target.
MoreThe NZDUSD shows mixed trades – Analysis - 18-08-2021
The NZDUSD pair traded with strong negativity this morning affected by the RBNZ data, to reach few pips away from our waited target at 0.6865, showing bullish bias on its way for potential test to the key resistance 0.7000.
More