Soybean price consolidated below the bearish channel’s resistance line, starting today with bearish bias to head towards resuming the main bearish track, on its way to achieve negative targets that start at 1000.00$.

Therefore, we expect to witness more decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 1035.00$ will stop the negative scenario and lead the price to turn to rise.

The expected trading range for today is between 995.00$ support and 1035.00$ resistance.

Trend forecast: Bearish

Corn price provided positive trades in the previous sessions and attempted to approach the first target at 404.00$, but it faces negative pressures now, noticing that stochastic gains the positive momentum to support the chances of resuming the rise on the intraday basis.

On the other hand, we notice that the price is forming inverted head and shoulders’ pattern that its signs appear on the chart, which means that breaching 400.00$ will provide strong positive motive that supports the expectations to achieve positive targets that start at 404.00$ followed by 415.00$, to continue suggesting the bullish trend for the upcoming period unless breaking 392.50$ and holding below it.

The expected trading range for today is between 390.00$ support and 405.00$ resistance.

Trend forecast: Bullish

The USDCHF price trades with clear positivity now to activate the positive scenario on the intraday basis, on its way to visit 0.8670 as a next positive station, motivated by the positive overlapping signal provided by stochastic now.

Therefore, we are waiting for more expected rise in the upcoming sessions, noting that breaking 0.8545 will stop the positive scenario and push the price to decline again.

The expected trading range for today is between 0.8510 support and 0.8640 resistance.

Trend forecast: Bullish

The NZDUSD price opened today’s trading with strong rise to succeed achieving our waited target at 0.6000$, and attempts to breach it to hint heading to achieve more gains in the upcoming sessions, targeting visiting 0.6070$ as a next positive station.

Therefore, the bullish trend will remain suggested on the intraday basis, noting that the consolidation of 0.6000$ against the current bullish rally will put the price under negative pressure that its targets begin by testing 0.5915$ areas.

The expected trading range for today is between 0.5960$ support and 0.6060$ resistance

Trend forecast: Bullish