The EURJPY gains new momentum – Analysis – 3-1-2022
Despite the EURJPY pair’s negative rebound below 130.90, that won’t affect the previously expected bullish track by leaning positively above 129.85 support line.
Stochastic continuous fluctuation within the overbought areas will increase the chances of gathering the positive momentum to ease the mission of breaching 131.00 level followed by waiting to record new positive targets that might start at 131.60 and 132.45 levels in the medium term and medium term period.
The expected trading range for today is between 130.40 and 131.60
The expected trend for today: Bullish
Wheat price returns to test the support – Analysis - 03-01-2022
Wheat price returns to test 773.30 level, keeping its stability above it until now, accompanied by witnessing positive signals through stochastic, waiting to motivate the price to resume the bullish trend, which its first target located at 811.50.
Therefore, the bullish trend scenario will remain valid and active conditioned by the price stability above 773.30.
The expected trading range for today is between 773.00 support and 795.00 resistance.
The expected trend for today: Bullish
Sugar price under the negative pressure – Analysis - 03-01-2022
Sugar price broke 18.70 level and settled below it, which makes us stay aside until the price confirms its situation according to the mentioned level that forms resistance barrier now, and the key support 18.25.
Note that breaking the mentioned support will press on the price to achieve more decline and visit 17.70 level as a next negative target, while breaching the resistance will lead the price to resume the bullish track that its targets begin at 19.16 and extend to 19.72.
The expected trading range for today is between 18.25 support and 19.00 resistance
The expected trend for today: Neutral
Soybean price resumes the rise – Analysis - 03-01-2022
Soybean price faced clear negative pressure in the previous sessions to test the EMA50 that formed good support against the price, to rebound bullishly and resume the bullish track, reinforcing the expectations of continuing the recently suggested bullish trend, and the price needs to surpass 1380.00 to confirm opening the way to head towards 1400.00 followed by 1433.70 levels.
Note that the continuation of the expected bullish wave depends on the price stability above 1318.80.
The expected trading range for today is between 1345.00 support and 1390.00 resistance.
The expected trend for today: Bullish