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Thomaswestw
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Corn Selloff May Worsen if 50-day SMA Breaks
ZC1!
, 1D
ZC1!: Corn Selloff May Worsen if 50-day SMA Breaks

Corn fell to its 50-day SMA today. The key moving average offered support throughout March trading. A breach under the key technical level may lead to a deeper selloff, perhaps to the 100-day SMA. MACD also appears on track to cross below its center line.

US Dollar Aims to Breakout from Falling Wedge Pattern
DXY
, 480Long
DXY: US Dollar Aims to Breakout from Falling Wedge Pattern

The DXY index may breakout if price breaches above the Falling Wedge’s resistance line, with the 20-day SMA serving as a potential barrier beyond that. Rising MACD and RSI may help price pull away from the 90 handle to test resistance.

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