• Wheat broke combined resistance area
• Likely to rise to 680.00
Wheat continues to rise strongly after the price broke the combined resistance area lying at the intersection of the resistance level 640.00 (which stopped the previous impulse wave 3) and the two weekly up channels from 2019 and 2017.
The breakout this resistance area accelerated the active weekly impulse 5 belonging to the impulse sequence (3) from the middle of 2020.
Wheat is expected to rise further toward the next resistance level 680.00 (target price for the completion of the active impulse wave 5).
- 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