The EURJPY repeats the pressure on the resistance – Analysis – 28-3-2022
The EURJPY pair repeated the strong pressures on 134.85 main resistance, affected by the major indicators that provided the positive momentum, also, 133.50 level forms additional support to increase the chances of resuming the bullish attack, to keep waiting to achieve the required breach and attempt to reach the positive stations at 135.45 and 136.15.
The expected trading range for today is between 133.80 and 135.45
The expected trend for today: Bullish
Wheat price crawls downwards – Analysis - 28-03-2022
Wheat price shows calm negative trades to gradually approach the sideways range’s support line at 1043.30, to continue fluctuating within the sideways track that its lines represented by the mentioned support and 1114.00 resistance, noting that breaching one of these levels is required to detect the next targets clearly.
To review the details of the expected targets after the breach, please check our previous report.
The expected trading range for today is between 1030.00 support and 1100.00 resistance.
The expected trend for today: Sideways
Sugar price resumes the rise – Analysis - 28-03-2022
Sugar price shows more bullish bias to approach our waited positive target at 19.72, and we suggest surpassing this level to open the way to achieve more gains that reach 20.00 followed by 20.63.
Therefore, the bullish trend scenario will remain valid supported by the EMA50, noting that the continuation of the bullish wave requires holding above 19.16.
The expected trading range for today is between 19.20 support and 20.00 resistance
The expected trend for today: Bullish
Soybean price keeps its positive stability – Analysis - 28-03-2022
Soybean price settles above the breached resistance of the symmetrical triangle pattern, to keep the bullish trend scenario active for the upcoming period, supported by the EMA50 that carries the price from below, waiting to head towards 1757.00 as a main target.
Note that breaking 1677.00 followed by 1665.00 levels will put the price under intraday negative pressure that targets testing 1621.50 level before any new attempt to rise.
The expected trading range for today is between 1670.00 support and 1710.00 resistance.
The expected trend for today: Bullish