Sugar price rallied upwards again yesterday to surpass our waited target at 25.25 and approach the next target at 26.00, and we suggest the continuation of the bullish bias to surpass this level and rally towards the previously recorded high at 26.80.

Therefore, the bullish trend will remain active on the intraday and short-term basis, it might be preceded by some temporary sideways fluctuation affected by stochastic negativity, noting that it is important to hold above 25.25 to continue the expected rise.

The expected trading range for today is between 25.50 support and 26.30 resistance

The expected trend for today: Bullish

Soybean price shows sideways trades since yesterday, noticing that stochastic gets rid of its negative momentum and attempts to gain the positive momentum gradually, waiting to motivate the price to resume the bullish trend that targets testing 1430.40 as a next station.

Therefore, we will continue to suggest the bullish trend for the upcoming period, reminding you that it is important to hold above 1385.00 to continue the expected rise.

The expected trading range for today is between 1385.00 support and 1450.00 resistance.

The expected trend for today: Bullish

The USDCHF pair trades negatively and press on the key support 0.8825 since yesterday, to hint the possibility of stopping the bullish correction and head to return to the main bearish track again.

Now, we prefer to stay aside until the price confirms its situation according to the mentioned level, as breaking it represents negative key that will push the price to decline towards 0.8775 initially, while consolidating above it represents the key to resume the bullish wave that its next target located at 0.8890.

The expected trading range for today is between 0.8760 support and 0.8900 resistance.

The expected trend for today: Neutral

The NZDUSD pair trades positively now to move away from 0.5900 level, and begins to test the bearish channel’s resistance that appears on the chart, waiting to breach this resistance to confirm opening the way to continue the rise and head towards our targets that start at 0.5955 followed by 0.6020.

Therefore, the bullish trend scenario will remain valid and active, noting that breaking 0.5900 will stop the bullish trend and push the price to turn to decline.

The expected trading range for today is between 0.5880 support and 0.5980 resistance

The expected trend for today: Bullish