• Wheat reversed from support zone
• Likely to rise to 560.00
Wheat today reversed up from the support zone lying between the pivotal support level 542.90 (former high of wave B from July) and the 38.2% Fibonacci retracement of the previous upward impulse from last month.
If the price closes near the current levels it will form the daily Japanese candlesticks reversal pattern Morning Star Doji.
Wheat is likely to rise toward the next resistance level 560.00 (which has been steadily reversing the price from 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