Wheat continues to rise after the earlier breakout of the resistance trendline of the sharp daily down channel from March (which encloses the previous ABC correction (2)).
The breakout of this down channel should accelerate the active medium-term upward impulse wave (3).
Wheat is expected to rise further toward the next resistance level 587.00 (which stopped the two previous sharp upward impulse waves (5) and (1)).
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- 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…
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