• Cotton reversed from resistance area
• Likely to fall to 68.00
Cotton continues to fall strongly after the earlier downward reversal from the major resistance zone located between themulti-month resistance level 72.00 (which started the strong downtrend in January), upper daily Bollinger Band and the resistance trendline of the daily up channel from April.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Evening Star Doji.
Cotton is likely to fall further toward the next support level 68.00 (former resistance level from February).
- 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