|
Sugar price under the negative pressure – Analysis - 18-08-2023
Sugar price attempted to breach 24.30 level yesterday but it ended trades with clear negativity to settle below this level, which supports the chances of turning back to the correctional bearish track and head to achieve negative targets that start by testing 23.50 areas.
Therefore, the bearish bias will be suggested for today, and breaking 24.00 will ease the mission of achieving the waited target, while breaching 24.30 represents positive factor that will lead the price to recover and visit 25.25 areas mainly.
The expected trading range for today is between 23.70 support and 24.35 resistance
The expected trend for today: Bearish
Soybean price hits the target – Analysis - 18-08-2023
Soybean price succeeded to achieve our waited target at 1348.30 and attempts to breach it now, which supports the continuation of the correctional bullish trend, paving the way to head towards 1385.00 as a next main station.
MoreThe USDCHF tests the support – Analysis - 18-08-2023
The USDCHF pair is testing the key support 0.8775 now, and the EMA50 meets this support to add more strength to it, waiting to resume the bullish wave that targets 0.8825 initially, reminding you that surpassing this level will push the price to 0.8890 as a next positive station.
MoreThe NZDUSD gets negative motive – Analysis - 18-08-2023
The NZDUSD pair shows sideways trades since yesterday, trading near 0.5900 level, and stochastic begins to overlap negatively now, to support the chances of resuming the negative trades and break the mentioned level followed by rallying towards our next targets that start at 0.5840 and extend to 0.5750.
More