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Soybean price under the negative pressure – Forecast today - 24-12-2024

Economies.com
2024-12-24 04:15AM UTC

Soybean price couldn’t manage to hold for long time above 975.00$, to break it and fall under the negative pressure again, to build new bearish wave that its targets begin at 960.00$ and extend to 940.00$.

 

Therefore, the bearish trend will be suggested in the upcoming sessions unless breaching 975.00$ and holding above it again.

 

The expected trading range for today is between 950.00$ support and 985.00$ resistance.

 

Trend forecast: Bearish

Corn price attempts positively – Forecast today - 24-12-2024

Economies.com
2024-12-24 04:14AM UTC

Corn price shows calm positive trades to gradually move away from 445.40$ level, reinforcing the expectations of continuing the bullish trend in the upcoming period, reminding you that we are waiting to breach 451.60$ to ease the mission of heading towards 463.30$ as a next main target, while breaking 445.40$ will stop the expected bullish trend and put the price under the negative pressure again.

 

The expected trading range for today is between 444.00$ support and 455.00$ resistance.

 

Trend forecast: Bullish

The USDCHF price resumes the rise – Forecast today - 24-12-2024

Economies.com
2024-12-24 04:14AM UTC

The USDCHF price bounced upwards clearly to reach the thresholds of 0.9014 level, waiting to breach this level to confirm opening the way to continue the rise and achieve additional gains that reach 0.9100.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, which gets continuous support by the EMA50, reminding you that the continuation of the bullish wave depends on the price stability above 0.8884.

 

The expected trading range for today is between 0.8930 support and 0.9060 resistance.

 

Trend forecast: Bullish

The NZDUSD price within negative pattern – Forecast today - 24-12-2024

Economies.com
2024-12-24 04:14AM UTC

The NZDUSD price recent trades are confined within bearish flag pattern that appears on the chart, which means that breaking 0.5630$ support line will activate the negative effect of this pattern and push the price to continue the decline within the main bearish channel, reminding you that our next targets reach 0.5560$ followed by 0.5500$.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 0.5665$ and holding above it.

 

The expected trading range for today is between 0.5590 support and 0.5680$ resistance

 

Trend forecast: Bearish