Cotton recently broke the support area located between the round support level 50.00 (which stopped the previous short-term impulse wave (i)) and the support trendline of the wide down channel from last April.
The breakout of this support area should accelerate the active short-term impulse wave 5 – which belongs to wave (C) from January.
Cotton is likely to fall further toward the next support level 46.00 (likely price for the completion of the active short-term impulse wave (iii)).
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- 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…
This website uses cookies
