FxPro - Analytics


760.75 6.25/10
88% of positive reviews

Soy Wave Analysis – 21 January, 2019

  • Soy reversed from support zone
  • Further gains are likely

Soy recently reversed up with the daily Morning Star from the support zone lying at the intersection of the round support level 900.00, 50-day moving average and the 50% Fibonacci correction of the previous upward wave (2) from December.

The upward reversal from this support area started the active short-term ABC correction 2.

Soy is expected to rise further and re-test the next strong resistance level 930.00 (which has been reversing the price from December).


Source: FxPro

To leave a comment you must or Join us

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree