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Sugar price awaits more rise – Analysis - 16-08-2022
Sugar price continues to move inside the bullish channel that appears on the chart, waiting to resume the bullish wave that targets 18.70 followed by 19.00 levels as next main stations.
The EMA50 keeps supporting the expected bullish wave, which will remain valid unless breaking 18.13 and holding below it.
The expected trading range for today is between 18.20 support and 19.00 resistance
The expected trend for today: Bullish
Soybean price tests the support base – Analysis - 16-08-2022
Soybean price bounced downwards strongly after approaching few pips away from our waited target at 1470.00, to test the key support 1402.10, as it keeps its stability above it until now, accompanied by witnessing positive signals through stochastic, waiting to motivate the price to resume the bullish wave and head towards 1470.00 again.
Therefore, we will continue to suggest the bullish trend unless breaking 1402.10 and holding below it.
The expected trading range for today is between 1385.00 support and 1460.00 resistance.
The expected trend for today: Bullish
Corn price keeps its positive stability – Analysis - 16-08-2022
Corn price attempted to break 622.40 but it kept its stability above it, to keep the bullish trend scenario active, supported by the EMA50 that carries the price from below, besides the positive signal provided by stochastic now, waiting to visit 660.80 as a next main target.
On the other hand, we should note that breaking 622.40 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 615.00 support and 645.00 resistance.
The expected trend for today: Bullish
The USDCHF resumes the rise – Analysis - 16-08-2022
The USDCHF pair shows new positive trades to move away from 0.9400 level, reinforcing the expectations of continuing the bullish trend, which its next main target located at 0.9530.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid conditioned by the price stability above 0.9400.
The expected trading range for today is between 0.9410 support and 0.9530 resistance.
The expected trend for today: Bullish