Sugar price provided new negative trades to reach few pips away from our waited extended target at 21.80, as it falls under clear negative pressure affected by the double top pattern that its signs appear on the chart, and we suggest surpassing the mentioned level to achieve additional decline that its next target reaches 21.00 followed by 20.70 areas.

Therefore, the bearish trend will remain dominant in the upcoming sessions unless breaching 22.75 and holding above it.

The expected trading range for today is between 21.60 support and 22.50 resistance

The expected trend for today: Bearish

Corn price shows positive trades by today’s open, but we will depend on the last daily candlestick close recorded below 526.10 to continue suggesting the bearish trend for the upcoming period, which targets 500.00 as a next main station.

Therefore, we are waiting for expected negative trades on the intraday basis, taking into consideration that the continuation of the rise and surpassing 540.00 will stop the bearish wave and push the price to turn to rise.

The expected trading range for today is between 520.00 support and 535.00 resistance.

The expected trend for today: Bearish

The USDCHF pair managed to breach 0.8980 level and hold above it, reinforcing the expectations of continuing the domination of the bullish trend on the intraday basis, waiting to test 0.9055 as a next main station.

The EMA50 supports the suggested bullish wave, which will remain valid unless breaking 0.8965 and holding with a daily close below it.

The expected trading range for today is between 0.8930 support and 0.9070 resistance.

The expected trend for today: Bullish

The NZDUSD pair shows some slight bullish bias now to head towards retesting the broken neckline of the double top pattern, affected by stochastic positivity, waiting to get negative momentum that assists to push the price to resume the correctional bearish trend, which targets 0.6020 initially.

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 0.6140, noting that breaking the targeted level will extend the bearish wave to reach 0.5900 areas on the near term basis.

The expected trading range for today is between 0.6020 support and 0.6120 resistance

The expected trend for today: Bearish