Price Analysis for Bitcoin (BTCUSD)

Expected Scenario

• Bitcoin price (BTCUSD) faces negative pressure to test the key support level at 65390.00$, and we mentioned in our last report, the price needs to consolidate above this level to keep the bullish trend active, which targets 70000.00$ areas mainly.
• Stochastic shows clear positive signals now, waiting to motivate the price to resume the suggested bullish wave, to continue suggesting the bullish trend conditioned by the price stability above 65390.00$, as breaking it will push the price to achieve new bearish corrections and open the way to achieve negative targets that start at 63135.00$ and extend to 60252.85$.

Expected Trading Range

Between 64000.00$ support and 68000.00$ resistance

Price Analysis for Sugar

Expected Scenario

• Sugar price resumed its negative trading to succeed touching our second target at 18.00$, and we expect the continuation of the bearish bias to visit the previously recorded low at 17.35$ as a next negative station.
• The EMA50 keeps supporting the suggested bearish wave, noting that breaching 18.90$ might push the price to attempt to recover and achieve intraday gains that target testing 19.82$ areas before any new attempt to decline.

Expected Trading Range

Between 17.80$ support and 18.60$ resistance

Price Analysis for Corn

Expected Scenario

• Corn price succeeded to achieve our waited target at 461.90$, noticing that the price broke this level and closed the daily candlestick below it, to confirm the continuation of the bearish trend domination and opens the way to head towards 449.20$ as a next main target.
• Therefore, the bearish bias will remain suggested in the upcoming sessions, noting that breaching 461.90$ will stop the expected decline and lead the price to start recovery attempts on the intraday basis.

Expected Trading Range

Between 450.00$ support and 465.00$ resistance

Price Analysis for USDCHF

Expected Scenario

• The USDCHF price couldn’t manage to confirm breaking 0.9014 level, to rebound bullishly and surpass the EMA50 now, which stops the correctional bearish scenario and lead the price to resume the main bullish trend, on its way to achieve positive targets that start at 0.9224.
• Therefore, the bullish bias will be suggested in the upcoming period, noting that breaking 0.9014 will stop the expected rise and push the price to achieve more bearish correction.

Expected Trading Range

Between 0.9000 support and 0.9150 resistance