• Wheat reversed from support zone
• Likely to reach resistance level 640.00
Wheat recently reversed up from the support zone located between the key support level 625.00, lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse 1 from December.
The upward reversal from this support zone stopped the previous ABC corrective wave 2.
Wheat is likely to rise further toward the next resistance level 640.00 (former multi-candle support from the start of March).
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
This website uses cookies