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Soybean price surpasses the first target – Analysis - 07-09-2022
Soybean price resumed its negative trading clearly to surpass our first target at 1402.10 and approaches the second target at 1378.00, reinforcing the expectations of continuing the bearish trend, which its negative targets extend to reach 1360.00 followed by 1318.20.
The EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 1412.00.
The expected trading range for today is between 1350.00 support and 1410.00 resistance.
The expected trend for today: Bearish
Corn price needs the positive momentum – Analysis - 07-09-2022
Corn price provided positive trades yesterday, but it begins today with slight bearish bias affected by stochastic negativity, waiting to get positive momentum that assists to push the price to resume the main bullish trend, which its next targets located at 690.00 followed by 698.90.
Holding above 660.70 is important to continue the expected rise, noting that the EMA50 continues to support the suggested bullish wave.
The expected trading range for today is between 660.00 support and 690.00 resistance.
The expected trend for today: Bullish
The USDCHF is recovering – Analysis - 07-09-2022
The USDCHF pair returns to rise and trade within the bullish channel that appears on the chart, to resume the bullish track within this channel and head towards achieving expected gains in the upcoming sessions, on its way to visit 0.9920 followed by 1.0000 levels as next main stations.
Therefore, we expect to witness more rise on the intraday basis unless breaking 0.9815 and holding below it.
The expected trading range for today is between 0.9815 support and 0.9940 resistance.
The expected trend for today: Bullish
The NZDUSD hits the target – Analysis - 07-09-2022
The NZDUSD pair succeeded to touch our waited target at 0.6000 and presses negatively on it, to pave the way to achieve more expected decline in the upcoming period, as the next target is located at 0.5890.
The EMA50 supports the continuation of the suggested bearish wave, which will remain valid conditioned by the price stability below 0.6060 and the most important below 0.6110.
The expected trading range for today is between 0.5930 support and 0.6050 resistance
The expected trend for today: Bearish