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Sugar price surpasses the resistance – Analysis - 08-09-2023
Sugar price rallied upwards yesterday to breach 26.80 level and close the daily candlestick above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, opening the way to head towards 27.50 that represents our next main target.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 26.20.
The expected trading range for today is between 26.70 support and 27.40 resistance
The expected trend for today: Bullish
Soybean price resumes the decline – Analysis - 08-09-2023
Soybean price resumed its negative trading to approach our waited target at 1348.30, organized inside the bearish channel that appears on the chart, and we suggest breaking this level to open the way to achieve additional negative targets that extend to 1311.70.
MoreThe USDCHF needs new positive momentum – Analysis - 08-09-2023
The USDCHF pair shows some bearish bias by today’s open to head towards potential test to the key support base 0.8890, and as long as the price is above this level, our bullish overview will remain valid, reminding you that we are waiting to visit 0.8995 as a next main target.
MoreThe NZDUSD tests the resistance – Analysis - 08-09-2023
The NZDUSD pair trades with slight positivity by today’s open to test the key resistance 0.5900, accompanied by witnessing negative signals through stochastic, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its next targets located at 0.5820 followed by 0.5750.
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