Sugar recently reversed up from the support area lying between the key support level 11.75 (former monthly low from January), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward impulse from last September.
The upward reversal from this support area stopped the earlier extended ABC correction (B).
Sugar is expected to rise further in the active impulse waves 3 and (C) and retest the next resistance level 12.75 (which repeatedly reversed the price in April).
- 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
