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Soybean price keeps declining – Analysis - 05-10-2021
Soybean price continues to decline to crawl gradually towards our waited target at 1225.90, and we expect to break this level to open the way to visit 1195.00 as a next main target.
The EMA50 continues to support the suggested bearish wave, which will remain valid conditioned by the price stability below 1262.00.
The expected trading range for today is between 1210.00 support and 1255.00 resistance.
The expected trend for today: Bearish
Corn price keeps fluctuating – Analysis - 05-10-2021
Corn price fluctuates inside the bearish flag pattern that appears on the chart, and we still waiting to break this pattern’s support line -located at 527.80 now- to get negative motive that assist to push the price to resume the main bearish trend, which targets 500.00 as a first station.
MoreThe USDCHF breaks the support – Analysis - 05-10-2021
The USDCHF pair managed to achieve our waited target at 0.9265 and surpassed it to test the bullish trend line that appears on the chart, noticing that the price consolidated above this support and provides clear positive trades, motivated by stochastic positivity, which encourages us to suggest more rise in the upcoming sessions, and it needs to breach 0.9265 to confirm continuing the rise towards 0.9345.
MoreThe NZDUSD resumes the decline – Analysis - 05-10-2021
The NZDUSD pair resumes its negative trading after reaching 0.6990 areas, to keep the breaish trend scenario valid and active, waiting to test 0.6890 level initially, noting that breaking this level will extend the bearish wave to reach 0.6805.
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