The EURJPY approaches the first target – Analysis – 31-3-2021
The EURJPY pair formed strong bullish wave this morning to approach the first positive target at 131.10, to confirm surrendering to the previously expected bullish bias domination.
In general, the consolidation within the bullish channel that depends on the stability of 128.65 support and stochastic positive momentum signals agree the continuation of the positivity, to expect targeting 130.70 followed by 131.30 levels in the upcoming period.
The expected trading range for today is between 129.10 and 130.70
The expected trend for today: Bullish
Wheat price reaches the target – Analysis - 31-03-2021
Wheat price traded with strong negativity yesterday to reach the thresholds of the waited target at 596.30, reminding you that the price is affected by the previously completed double top pattern, which has negative targets that surpass the mentioned level to reach 566.80.
Therefore, the bearish trend will remain dominant in the upcoming sessions unless breaching 614.60 and holding above it.
The expected trading range for today is between 590.00 support and 605.00 resistance.
The expected trend for today: Bearish
Sugar price crawls downwards – Analysis - 31-03-2021
Sugar price shows calm negative trades to move away gradually from 15.00 level, reinforcing the expectations of continuing the decline on the intraday and short term basis, waiting to head towards 14.34 that represents our next station.
The bearish channel continues to organize the suggested bearish wave, which will remain valid unless the price rallied to breach 15.55 and hold above it.
The expected trading range for today is between 14.60 support and 15.00 resistance
The expected trend for today: Bearish
Soybean price surpasses the target – Analysis - 31-03-2021
Soybean price succeeded to surpass our waited target at 1375.00 to confirm opening the way to extend the bearish wave on the intraday and short term basis, to head towards our extended target that reaches 1304.00, supported by the EMA50 that presses negatively on the price.
Therefore, the bearish trend will remain suggested for the upcoming period conditioned by the price stability below 1375.00.
The expected trading range for today is between 1350.00 support and 1375.00 resistance.
The expected trend for today: Bearish