Soybean price rallied upwards strongly by today’s open to succeed achieving our waited target at 905.50, showing more rise to move above this level, reinforcing the expectations of extending the bullish wave in the upcoming period, as the next target located at 926.50.

Therefore, we will continue to suggest the bullish trend on the intraday basis, noting that failing to consolidate above 905.50 might press on the price to test 888.50 areas initially before any new attempt to rise.

The expected trading range for today is between 903.00 support and 915.00 resistance.

The expected trend for today: Bullish

Corn Price retested 346.80 level and bounced bullishly from there, accompanied by witnessing positive overlapping signal through stochastic, which supports the chances of continuing the expected bullish wave for the upcoming period, which targets testing 356.10 level as a next station.

Therefore, we will continue to suggest the bullish bias on the intraday basis, noting that holding above 346.80 represents the first condition to continue the suggested rise.

The expected trading range for today is between 345.00 support and 356.00 resistance.

The expected trend for today: Bullish

The USDCHF pair trades negatively to move away from 0.9456, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which targets visiting 0.9351 level mainly.

The EMA50 keeps supporting the suggested bearish wave, which will remain valid and active unless the price rallied to breach 0.9456 followed by 0.9470 levels and hold above them.

The expected trading range for today is between 0.9360 support and 0.9480 resistance.

The expected trend for today: Bearish

The NZDUSD pair resumes its positive trading to reach the thresholds of the waited target at 0.6580, and we believe that the chances valid to surpass this level and keep trading inside the main bullish channel that appears on the chart, to open the way to achieve additional gains that extend to 0.6665 followed by 0.6755.

Therefore, the bullish trend scenario will remain active on the intraday and short term basis, taking into consideration that failing to breach 0.6580 might force the price to rebound bearishly to head to test 0.6424 areas again before any new attempt to rise.

The expected trading range for today is between 0.6500 support and 0.6630

The expected trend for today: Bullish