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Soybean price touches the first target – Analysis - 17-08-2021
Soybean price shows new positive trades by today’s open to touch our first waited target at 1380.00, waiting for more rise to surpass this level and head towards 1414.00 that represents our next target.
Therefore, the positive scenario will remain active on the intraday and short term basis, supported by the EMA50 that carries the price from below, reminding you that it is important to hold above 1355.00 to continue the expected rise.
The expected trading range for today is between 1365.00 support and 1414.00 resistance.
The expected trend for today: Bullish
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Corn price faces solid resistance – Analysis - 17-08-2021
Corn price continues the attempts to breach 571.50 level, finding solid resistance there, noticing that stochastic begins to provide positive signals now, waiting to motivate the price to breach the mentioned level followed by opening the way to achieve our positive targets that start at 584.10 and extend to 599.70.
MoreThe USDCHF breaks the support – Analysis - 17-08-2021
The USDCHF pair continued its negative pressure to break 0.9135 level and settles below it, to activate the negative scenario that targets visiting 0.9060 areas initially, supported by moving below the EMA50.
MoreThe NZDUSD under the negative pressure – Analysis - 17-08-2021
The NZDUSD pair broke 0.7000 level strongly and settles below it now, which stops the recently suggested positive scenario and lead the price to turn to decline, on its way to visit 0.6865 areas initially.
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