|
The AUDJPY takes breath – Analysis – 12-3-2020
The AUDJPY pair formed correctional bullish rebound yesterday after recording 64.18 level, attempting to take a breath before resuming the main bearish attack, noting that the price consolidation within the bearish channel along with 69.40 level forming additional resistance allow us to suggest the decline again, to repeat the pressure on 65.85 followed by reaching 63.80 levels.
The expected trading range for today is between 68.50 and 65.85
The expected trend for today: Bearish
Thanks for your feedback.
Wheat price suffers sharp losses – Analysis - 12-03-2020
Wheat price confirmed breaking 520.30 level and declined strongly yesterday, starting today with more decline to touch 503.70 level, hinting the price head to achieve more decline in the upcoming sessions, noting that surpassing the last level will push the price to 483.20 as a next main station.
MoreSugar price resumes the decline – Analysis - 12-03-2020
12.44 level could not hold against the continuous negative pressure formed by Sugar price, to break this level and settles below it, which presses on the price to resume the bearish trend on the short term basis, paving the way to head towards 11.55 as a next main station.
MoreSoybean price under the negative pressure – Analysis - 12-03-2020
Soybean price ended yesterday below 876.30 level, and opened today with strong decline to confirm resuming the main bearish track, on its way to achieve negative targets that reach 847.00.
More