• Cotton reversed from resistance area
• Likely to fall to support level 84.00
Cotton recently reversed down from the resistance area lying between the key resistance level 87.45 (top of the previous impulse wave 1), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward correction (2) from April.
The downward reversal from this resistance area stopped the previous short-term impulse wave (i).
Cotton can be expected to fall further toward the next support level 84.00 (low of the previous correction 2 and the target for the completion of the active wave (ii)).
- 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
