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Soybean price resumes the decline – Analysis - 08-09-2023
Soybean price resumed its negative trading to approach our waited target at 1348.30, organized inside the bearish channel that appears on the chart, and we suggest breaking this level to open the way to achieve additional negative targets that extend to 1311.70.
Therefore, the bearish trend scenario will remain valid and active conditioned by the price stability below 1385.00.
The expected trading range for today is between 1340.00 support and 1370.00 resistance.
The expected trend for today: Bearish
The USDCHF needs new positive momentum – Analysis - 08-09-2023
The USDCHF pair shows some bearish bias by today’s open to head towards potential test to the key support base 0.8890, and as long as the price is above this level, our bullish overview will remain valid, reminding you that we are waiting to visit 0.8995 as a next main target.
MoreThe NZDUSD tests the resistance – Analysis - 08-09-2023
The NZDUSD pair trades with slight positivity by today’s open to test the key resistance 0.5900, accompanied by witnessing negative signals through stochastic, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next targets located at 0.5820 followed by 0.5750.
MoreThe AUDUSD is stable – Analysis - 08-09-2023
The AUDUSD pair didn’t show any strong move in the previous sessions, thus, the bearish trend scenario will remain valid for the upcoming period without any change, supported by the negative pressure formed by the EMA50, waiting to head towards 0.6300 as a next main target, reminding you that it is important to hold below 0.6400 to continue the expected decline.
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