Soybean Price Analysis

Expected Scenario

• Soybean price declined clearly yesterday after testing 1131.40$ level in the previous sessions, reinforcing the expectations of continuing the bearish trend on the intraday and short-term basis, noting that we are waiting to visit 1100.00$ as a next target.
• Stochastic positivity interprets the reasons of today’s positive start, and it might test the bearish channel’s resistance before turning back to decline again, noting that the continuation of the bearish wave depends on the price stability below 1131.40$.

Expected Trading Range

Between 1100.00$ support and 1130.00$ resistance.

Corn Price Analysis

Expected Scenario

• Corn price provided additional negative trades yesterday to attack 433.50$ level and attempts to confirm breaking it, but it begins today with bullish bias and hints heading to recover in the upcoming sessions, motivated by stochastic positivity, which makes us prefer to stay aside temporarily until the price confirms its situation according to the mentioned level followed by detecting its next destination clearly.
• Note that consolidating above 433.50$ will push the price to achieve gains that start at 442.80$ followed by 449.20$, while trading below it again will reactivate the bearish wave scenario that targets 422.00$ as a next main station.

Expected Trading Range

Between 425.00$ support and 445.00$ resistance.

USDCHF Price Analysis

Expected Scenario

• The USDCHF price shows positive trades since yesterday after leaning on the EMA50, to continue suggesting the bullish trend on the intraday basis, which its next target located at 0.9014.
• Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected bullish bias, reminding you that it is important to hold above 0.8885 to continue the bullish wave.

Expected Trading Range

Between 0.8880 support and 0.9020 resistance.

AUDUSD Price Analysis

Expected Scenario

• The AUDUSD price trades with clear positivity now, as it rallies upwards and moves away from 0.6640$, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, and the way is open to achieve our waited target at 0.6728$.
• Stochastic overlaps positively to motivate the price to provide more bullish bias on the intraday basis, noting that breaking 0.6640$ will stop the bullish trend and push the price to turn to decline.

Expected Trading Range

Between 0.6640$ support and 0.6720$ resistance.