Soy continues to fall after the recent breakout of the support area lying between the support level 870.00 (monthly low from December) and the 50% Fibonacci correction of the previous upward impulse from September.
The breakout of this support area accelerated the active impulse wave 3 of the medium-term downward impulse wave (3) from the start of March.
Soy is expected to fall further and re-test the next support level 854.50 (monthly low from November).
- 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
