• Cotton reversed from support level 83.04
• Likely to rise to resistance level 89.06
Cotton recently reversed up with the daily Piercing Line reversal pattern from the key support level 83.04 (former monthly high from January).
The support zone near the support level 83.04 was strengthened by the lower daily Bollinger Band and by the upper trendline of the recently broken up channel from last April.
Cotton is likely to rise further toward the next resistance level 89.06 (top of the previous Doji from the start of this month).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies