Soybean price resumed its positive trading strongly to reach the thresholds of 1400.00 barrier, to support the expectations of continuing the bullish trend on the intraday and short term basis, and we believe that the way is open to achieve our waited target at 1432.20.

Moving above the EMA50 supports the suggested positive scenario, which will remain valid unless breaking 1355.00 and holding below it.

The expected trading range for today is between 1380.00 support and 1420.00 resistance.

The expected trend for today: Bullish

Corn price rallied upwards strongly yesterday to approach our waited target at 570.00, reinforcing the expectations of continuing the main bullish trend, which its next target located at 587.50.

The EMA50 continues to support the suggested bullish wave, organized inside the bullish channels that appear on the chart, noting that holding above 552.00 is important to continue the expected rise.

The expected trading range for today is between 555.00 support and 580.00 resistance.

The expected trend for today: Bullish

The USDCHF pair begins today with clear negativity to break 0.8975 level and heads to achieve more expected decline in the upcoming sessions, paving the way to visit 0.8923 initially, noting that breaking this level will extend the bearish wave to target 0.8860 as a next station.

Therefore, we expect witnessing more decline today unless the price managed to step above 0.8975 and hold above it again.

The expected trading range for today is between 0.8900 support and 0.9000 resistance.

The expected trend for today: Bearish

The NZDUSD pair rallied upwards to breach the correctional bearish channel’s resistance and heads to achieve more expected gains in the upcoming sessions, which stops the correctional bearish scenario and push the price to head to visit the recently recorded high at 0.7315 as a first positive target.

Therefore, the bullish trendw ill be expected for today, noting that breaking 0.7200 followed by 0.7150 levels will put the price under the correctional bearish pressure again.

The expected trading range for today is between 0.7200 support and 0.7315 resistance

The expected trend for today: Bullish