The EURJPY takes advantage of the positive pressures – Analysis – 22-3-2022
The EURJPY pair confirmed taking advantage of the positive pressures by fluctuating near 132.00 level recently, to keep its stability within the previously expected bullish track, while 130.80 level forms additional support and the positive momentum that comes by the major indicators allow us to expect resuming the bullish attack, to surpass 132.60 and wait to reach the next main target at 133.55.
The expected trading range for today is between 131.40 and 132.60
The expected trend for today: Bullish
Wheat price exits the sideways range – Analysis - 22-03-2022
Wheat price begins today with clear positivity to breach 1114.00 level and settles above it, which leads the price to resume the main bullish trend, on its way to achieve gains that start by testing 1200.00 areas.
Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 1114.00 and holding below it will stop the positive scenario and push the price back to the sideways track again.
The expected trading range for today is between 1114.00 support and 1160.00 resistance.
The expected trend for today: Bullish
Sugar price surpasses the first resistance – Analysis - 22-03-2022
Sugar price surpassed 19.16 level and closed the daily candlestick above it, to support the expectations of continuing the bullish trend domination, noting that our next target is located at 19.72.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 19.16 and the most important above 18.70.
The expected trading range for today is between 18.90 support and 19.60 resistance
The expected trend for today: Bullish
Soybean price hits the first target – Analysis - 22-03-2022
Soybean price managed to achieve our first waited target at 1696.00, while on the other hand, the price breached the symmetrical triangle’s resistance that appears on the chart, which supports the continuation of our bullish overview efficiently in the upcoming period, opening the way to head towards our next target that reaches 1757.00.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, noting that holding above 1695.00 is important to continue the expected rise.
The expected trading range for today is between 1680.00 support and 1740.00 resistance.
The expected trend for today: Bullish