Soybean price returns to fluctuate around the EMA50, and stochastic continues to provide the negative signals on the four hours’ time frame, waiting to resume the recently suggested bearish wave, which depends on the price stability below 1420.00.

We remind you that our first next target is located at 1373.00, while breaching 1420.00 will stop the expected decline and lead the price to test 1454.70 initially.

The expected trading range for today is between 1400.00 support and 1425.00 resistance.

The expected trend for today: Bearish

Corn price’s recent trades are confined within bullish pennant pattern that its signs appear on the chart, thus, the price needs to breach 547.40 to activate the positive effect of this pattern followed by rallying to continue the bullish trend, which targets 570.40 as a next main station.

Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 531.00.

The expected trading range for today is between 535.00 support and 550.00 resistance.

The expected trend for today: Bullish

The USDCHF pair rallied upwards strongly to breach 0.9318 level and settles above it, which stop the recently suggested negative scenario and lead the price to resume the main bullish trend, on its way to achieve positive targets that start at 0.9375 and extend to 0.9494.

Note that the continuation of the expected bullish wave requires holding above 0.9318.

The expected trading range for today is between 0.9300 support and 0.9400 resistance.

The expected trend for today: Bullish

The NZDUSD pair traded with strong negativity to succeed achieving our extended target at 0.7000, noticing that the price begins today with more decline to attack this level, which hints that the price is on its way to achieve more decline on the intraday and short term basis, as a bearish correction for the entire bullish wave measured from 0.5468 to 0.7464.

Therefore, we expect the domination of the bearish trend in the upcoming sessions, and the next target is located at 0.6895, noting that holding below 0.7000 is required to continue the suggested negative scenario.

The expected trading range for today is between 0.6910 support and 0.7040 resistance

The expected trend for today: Bearish