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Soybean price hits the target – Analysis - 18-12-2019

Economies.com
2019-12-18 05:49 UTC

Soybean price succeeded to touch our first waited target at 937.6 and attempted to breach it, which hints the price head to achieve more gains in the upcoming period, as we notice that stochastic gains the positive momentum now, waiting to breach the mentioned level to confirm rallying towards 957.0 as a next main target.

 

Therefore, we will keep our bullish overview unless breaking 925.6 level.

 

The expected trading range for today is between 930.0 support and 945.0 resistance.

 

The expected trend for today: Bullish

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Corn price crawls towards the target – Analysis - 18-12-2019

Economies.com
2019-12-18 05:49 UTC

Corn Price resumed its positive trading to move above 390.0 barrier, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, which targets testing 394.1 level as a next station, noting that breaching this level will extend the bullish wave to reach the recently recorded top at 406.6.

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The USDCHF resumes the decline – Analysis - 18-12-2019

Economies.com
2019-12-18 05:49 UTC

The USDCHF pair provides negative trading yesterday to move away from 0.9836 level, reinforcing the expectations of the bearish trend on the intraday basis, depending on the stability below the mentioned level, waiting for visiting 0.9712 level as a next main station.

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The NZDUSD attacks the support – Analysis - 18-12-2019

Economies.com
2019-12-18 05:49 UTC

The NZDUSD pair opens today’s trading with more of the negative pressure, to break 0.6565 level and attempts to settle below it, which requires being aware from the upcoming trading, where holding below this level will stop the suggested positive scenario in our last reports and pushes the price to begin attempts to return to the main bearish track.

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