FxPro - Analytics


761.75 6.25/10
89% of positive reviews

Soy Wave Analysis – 17 June, 2019

Soy Wave Analysis – 17 June, 2019
  • Soy broke resistance area
  • Further gains are likely

Soy recently broke sharply through the resistance area lying between the key resistance level 894.00 (top of the previous wave A) and the resistance trendline from May of 2018.

The breakout of this resistance area accelerated the active impulse wave C of the medium-term ABC correction (4) from May.

Soy is expected to rise further and retest the next resistance level 925.00 (target price for the completion of the active impulse wave C).


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