Sugar price faces solid resistance – Forecast today - 07-02-2025
Sugar price attempted to breach 18.42$ but it couldn’t manage to hold above it, to show bearish bias and approach the EMA50, noticing that the price faces contradiction between the technical indicators that makes us prefer to stay aside until we get clearer signal for the next trend.
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Soybean price resumes the rise – Forecast today - 07-02-2025
Soybean price rebounds bullishly after the decline that it witnessed in the previous sessions, as it leaned on the EMA50 that formed solid support against the price, to head towards achieving more expected gains in the upcoming sessions.
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Corn price surpasses the resistance – Forecast today - 07-02-2025
Corn price managed to breach 504.00$ level and close the daily candlestick above it, to support the expectations of continuing the bullish trend in the upcoming period, which moves organized inside the bullish channel that appears on the chart, supported by the EMA50.
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The USDCHF price attempts to recover – Forecast today - 07-02-2025
The USDCHF price provided positive trades yesterday to approach the EMA50, which forms key resistance now at 0.9070, noticing that Stochastic loses its positive momentum to show overbought signals now.
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