FxPro - Analytics

FxPro

717.75 6.25/10
90% of positive reviews
Real

Soy Wave Analysis – 17 April, 2019

  • Soy broke support area
  • Further losses are likely

Soy recently broke through the support area lying at the intersection of the support level 890.00 (which has been reversing the price from January) and the support trendline of the daily up channel from September.

The breakout of this support area accelerated the active short-term impulse wave (3) of the medium-term downward impulse sequence (3) from the start of March.

Soy is expected to fall further and re-test the next key support level 867.00 (monthly low from December).

1555517343

 

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