Soybean price is stable above the support base – Analysis - 21-09-2020
Soybean price attempted to break 1039.60 level but it returned to hold above it, which keeps our bullish overview valid on the intraday and short term basis, which its next main target located at 1065.80.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected bullish trend, which will remain valid unless breaking 1039.60 followed by 1029.50 levels and holding below them.
The expected trading range for today is between 1035.00 support and 1060.00 resistance.
The expected trend for today: Bullish
Corn price begins positively – Analysis - 21-09-2020
Corn price begins today with bullish bias in attempt to move away from the bullish channel’s support line that appears on the chart, to keep the bullish trend scenario valid and active for the upcoming sessions, supported by the EMA50, waiting to head towards 390.00 that represents our next main target.
On the other hand, we should note that the continuation of the bullish wave requires holding above 375.40.
The expected trading range for today is between 375.00 support and 390.00 resistance.
The expected trend for today: Bullish
The USDCHF rises calmly – Analysis - 21-09-2020
The USDCHF pair leaned on the intraday bullish trend line and begins rising again, to surpass the EMA50 and settles above it, which supports the continuation of the expected bullish trend scenario for the upcoming period, which its next target located at 0.9192.
We should note that the continuation of the bullish wave requires holding above 0.9050.
The expected trading range for today is between 0.9055 support and 0.9160 resistance.
The expected trend for today: Bullish
The NZDUSD awaits the breach – Analysis - 21-09-2020
The NZDUSD pair continues the attempts to breach 0.6788 level, noting that stochastic approaches the oversold areas, waiting to motivate the price to achieve the required breach and open the way to rally towards 0.6900 that represents our next positive station.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 0.6710.
The expected trading range for today is between 0.6730 support and 0.6850
The expected trend for today: Bullish