Germany- Adidas shares keeps the positive stability– Analysis – 09-12-2019
Adidas price ended the bearish correctional rebound by providing a new positive close above the bullish channel’s support at 271.10, to reinforce the main bullish scenario for the upcoming trading.
The stability of the moving average 55 near the main support confirms the trading confinement within the bullish range, to expect gathering a new positive momentum, by forming a bullish trading, to target 283.40 and 288.50 level.
The expected trading range for today is between 274.00 and 283.40
The expected trend for today: Bullish
The AUDJPY gets ready to decline – Analysis – 09-12-2019
The CHFJPY pair confirmed its affection by the bearish bias domination, due to providing repeated negative closes by its stability below the bearish channel’s resistance at 75.10, to press on the moving average 55 at 74.20.
Stochastic reach below 50 level confirms begin providing strong negative pressures on the price trading, which allows it to gather a new negative momentum, to begin targeting several negative levels by reaching 73.40 and 72.50.
The expected trading range for today is between 74.85 and 73.40
The expected trend for today: Bearish
Wheat price gets a negative signal – Analysis - 09-12-2019
Wheat price provided more negative trades on last Friday, but it returns to fluctuate near the EMA50 and still below it until now, to keep the negative pressure valid, noticing that stochastic overlaps negatively to add more confirmation to the continuation of the negative scenario.
Therefore, the bearish trend will remain suggested for the upcoming period, noting that our waited target is located at 512.5, while achieving it requires holding below 528.3.
The expected trading range for today is between 512.0 support and 528.0 resistance.
The expected trend for today: Bearish
Sugar price continues to rise – Analysis - 09-12-2019
Sugar price shows more positive trades to continue approaching the first waited target at 13.30, getting continuous positive support by the EMA50, waiting for more gains in the upcoming period, noting that stochastic provides positive overlapping signal that adds more confirmation to the continuation of the positive scenario.
On the other hand, we should note that breaking 13.05 will press on the price to test the bullish channel’s support line around 12.80 before any new attempt to rise.
The expected trading range for today is between 13.10 support and 13.30 resistance
The expected trend for today: Bullish