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Soybean price hits the target – Analysis - 18-08-2023
Soybean price succeeded to achieve our waited target at 1348.30 and attempts to breach it now, which supports the continuation of the correctional bullish trend, paving the way to head towards 1385.00 as a next main station.
The positive effect of the triple bottom pattern supports the continuation of the expected bullish trend, which will remain valid conditioned by the price stability above 1311.70.
The expected trading range for today is between 1330.00 support and 1370.00 resistance.
The expected trend for today: Bullish
The USDCHF tests the support – Analysis - 18-08-2023
The USDCHF pair is testing the key support 0.8775 now, and the EMA50 meets this support to add more strength to it, waiting to resume the bullish wave that targets 0.8825 initially, reminding you that surpassing this level will push the price to 0.8890 as a next positive station.
MoreThe NZDUSD gets negative motive – Analysis - 18-08-2023
The NZDUSD pair shows sideways trades since yesterday, trading near 0.5900 level, and stochastic begins to overlap negatively now, to support the chances of resuming the negative trades and break the mentioned level followed by rallying towards our next targets that start at 0.5840 and extend to 0.5750.
MoreThe AUDUSD faces solid support – Analysis - 18-08-2023
The AUDUSD pair attempts to break 0.6400 level and finds solid support there, noticing that stochastic provides new negative signal now, waiting to motivate the price to surpass the mentioned level and open the way to head towards 0.6310 as a next main station.
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