{"id":70323,"date":"2015-03-30T06:31:03","date_gmt":"2015-03-30T10:31:03","guid":{"rendered":"http:\/\/countingpips.com\/?p=70323"},"modified":"2015-03-30T07:21:26","modified_gmt":"2015-03-30T11:21:26","slug":"c-corn-forex-technical-analysis-march-30-2015","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/03\/c-corn-forex-technical-analysis-march-30-2015\/","title":{"rendered":"#C-CORN: Forex Technical Analysis March 30, 2015"},"content":{"rendered":"<div id=\"inves-264912054\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 30, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n<p>Report on crops<\/p>\n<p>At 16:00 CET on Tuesday US Agricultural Service will release a report on crops evaluating wheat and corn reserves at state and private establishments (<a href=\"http:\/\/usda.mannlib.cornell.edu\/MannUsda\/viewDocumentInfo.do?documentID=1079\" rel=\"nolink\">link<\/a>). Investors are loking forward to this report because it will forecast future demand and may boost agricultural futures. Let us consider the consolidating <a href=\"http:\/\/www.ifcmarkets.com\/en\/trading-conditions\/commodities\">continuous CORN futures<\/a> on the H4 chart.<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" style=\"float: none;\" src=\"http:\/\/www.ifcmarkets.com\/uploads\/images\/TA-30-03-2015.png\" alt=\"CORN\" width=\"400 px\" \/><\/p>\n<p>The price is in a range in prospect of the fundamental release. Doncian channel doesn&#8217;t show an incline. The bullish momentam is confirmed by ParabolicSar, which has made a U-turn. Amid consolidation the oscillator signals should be carefully monitored. Despite the trend is keeping its direction, <a href=\"http:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi-bars\"> RSI-Bars<\/a> has breached the support line (see the red mark on the figure above). That means that market is mixed: placing 2 opposite pending orders would be the best tactics. Let us allocate two key levels for that: 399.7 and 393.5. The upper level is confirmed by Parabolic historical signals and the Donchian channel boundary. The support at 393.5 is verified by the bullish \u201cdouble bottom\u201d pattern and Bill Williams fractals. When the long position is opened, we recommend to pay attention to the oscillator signals. If the ascending momentum is not confirmed by breaching the local overbought zone at 75%, we advise you to place a Stop loss at the break-even point.<br \/>\nWhen any pending order triggers, the opposite one should be canceled because market is choosing a direction. Stop loss is to be moved every four hours, following Parabolic signals. Thus, we are changing the probable profit\/loss ratio for our benefit.<\/p>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Report on crops At 16:00 CET on Tuesday US Agricultural Service will release a report on crops evaluating wheat and corn reserves at state and private establishments (link). Investors are loking forward to this report because it will forecast future demand and may boost agricultural futures. Let us consider the consolidating continuous CORN [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-70323","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=70323"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70323\/revisions"}],"predecessor-version":[{"id":70330,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/70323\/revisions\/70330"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=70323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=70323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=70323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}