• Sugar falling inside wave (2)
• Likely to reach support level 15.50
Sugar continues to fall inside the medium-term corrective wave (2) from started earlier from the key resistance level 16.70 intersecting with the daily up channel from last April.
The downward reversal from the aforementioned up channel created the daily candlesticks reversal pattern Morning Star.
Sugar is expected to fall the next support level 15.50 (low of the previous minor correction 4 and former monthly high from November).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies