Soybean price hits the first target – Analysis - 21-09-2021
Soybean price managed to achieve our first waited target at 1270.00 and presses negatively on it, reinforcing the expectations of continuing the bearish trend in the upcoming period, paving the way to head towards 1225.90 that represents our next main target.
Therefore, the bearish bias will remain dominant in the upcoming sessions as long as 1318.80 level remains intact.
The expected trading range for today is between 1255.00 support and 1280.00 resistance.
The expected trend for today: Bearish
Corn price declines calmly – Analysis - 21-09-2021
Corn price shows calm negative trades and attempts to move away from the bearish channel’s resistance, accompanied by stochastic loss to the positive momentum clearly, to support the expectations of continuing the bearish trend, which targets 504.00 followed by 480.00 levels mainly, reminding you that it is important to hold below 534.00 to continue the expected decline.
The expected trading range for today is between 504.00 support and 530.00 resistance.
The expected trend for today: Bearish
The USDCHF retests the breached resistance – Analysis - 21-09-2021
The USDCHF pair declined clearly yesterday to retest 0.9265 that turns into key support after breaching it previously, accompanied by witnessing clear oversold signals through stochastic, waiting to motivate the price to resume the positive trades that target visiting 0.9345 initially.
Therefore, the bullish trend scenario will remain valid unless breaking 0.9265 and holding below it.
The expected trading range for today is between 0.9230 support and 0.9330 resistance.
The expected trend for today: Bullish
The NZDUSD crawls downwards – Analysis - 21-09-2021
The NZDUSD pair shows calm negative trades to crawl gradually towards our second waited target at 0.6990, and we expect the continuation of the bearish bias to surpass this level and visit 0.6945 as a next correctional target.
Therefore, we will continue to suggest the bearish trend on the intraday basis, reminding you that the continuation of the bearish wave depends on the price stability below 0.7084.
The expected trading range for today is between 0.6960 support and 0.7070 resistance
The expected trend for today: Bearish