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Amazon climbs through negative pressures - Analysis - 23-03-2021

Economies.com
2021-03-23 10:37AM UTC

Amazon's stock (AMAZON) rose 1.17% in the last session while suffering negative pressure from the 50-day SMA, amid the dominance of the downward correctional wave, with negative signals from the RSI. 

 

Therefore we expect the stock to return lower, targeting the pivotal support of 2,877.40. 

 

Expected trend for today: Bearish 

Midday update for Wheat price 23-03-2021

Economies.com
2021-03-23 10:23AM UTC

Wheat price resumes its negative trading now, motivated by the negative overlapping signal provided by stochastic, waiting for more decline to test 614.60 initially, noting that breaking this level will extend the bearish wave to reach 596.30 as a next negative station, while the expected decline will remain valid conditioned by the price stability below 629.40.

 

The expected trading range for today is between 610.00 support and 629.00 resistance.

The expected trend for today: Bearish

Midday update for Sugar price 23-03-2021

Economies.com
2021-03-23 10:22AM UTC

Sugar price shows additional negative trades to approach our first waited target at 15.00, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, which its targets extend to 14.34 after surpassing the previous level, reminding you that it is important to hold below 15.55 to continue the suggested decline.

 

The expected trading range for today is between 15.00 support and 15.55 resistance

 

The expected trend for today: Bearish

Midday update for the NZDUSD 23-03-2021

Economies.com
2021-03-23 10:22AM UTC

The NZDUSD pair shows more bearish bias to approach the extended target at 0.7000, and we suggest the continuation of the negative pressure to surpass this level and achieve more decline on the longer term basis, supported by the EMA50, noting that the continuation of the bearish wave depends on the price stability below 0.7105 and the most important below 0.7185.

 

The expected trading range for today is between 0.7000 support and 0.7100 resistance

 

The expected trend for today: Bearish