|
The GBPCHF relapses – Analysis – 18-12-2019
The GBPCHF price announced its surrender to the bearish correctional bias domination by forming a strong negative attack, suffering several losses by reaching 1.2920, by the above image, we notice the stability of the trading below the moving average 55, to form an extra barrier at 1.2935, to increase the chances for resuming the negative attack, to expect the price decline below 1.2766 reaching to the bullish channel’s support at 1.2650.
The expected trading range for today is between 1.2910 and 1.2766
The expected trend for today: Bearish
Thanks for your feedback.
Wheat price resumes rising – Analysis - 18-12-2019
Wheat price provided new positive trades to move away from 545.0 level, reinforcing the expectations of continuing the expected bullish trend for the upcoming period, which its next main target located at 573.8.
MoreSugar price draws another negative pattern – Analysis - 18-12-2019
Sugar price provided new negative trades yesterday, noticing that the price draws new head and shoulders’ pattern that its confirmation line located at 13.25, which threats the bullish channel’s support line that appears on the chart, as the full target of the mentioned pattern located at 12.90.
MoreSoybean price hits the target – Analysis - 18-12-2019
Soybean price succeeded to touch our first waited target at 937.6 and attempted to breach it, which hints the price head to achieve more gains in the upcoming period, as we notice that stochastic gains the positive momentum now, waiting to breach the mentioned level to confirm rallying towards 957.0 as a next main target.
More