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Wave Tech Analysis

FxPro Forex Analysis: Sugar Wave Analysis – 05 September , 2018

Sugar rising inisde correction 4
• Further gains are likely

Sugar continues to rise inside the short-term correction 4, which started previously from the long-term support level 10.00 (which also stopped the sharp downtrend in the August of 2015).

The price today broke the resistance level 10.80 and the daily down channel from May – which accelerated the active short-term impulse wave (c).

Sugar is expected to rise further and retest the next resistance level 0.7300 (target for the completion of the active wave 4).

SUGUSD - Primary Analysis - Sep-05 1858 PM (1 day)