Categories: Technical analysis

Adobe Wave Analysis – 14 April, 2020

  • Adobe approached resistance level 330.50
  • Likely to rise to 362.60

Adobe opened today with the sharp upward gap which brought the price to the key resistance level 330.50 (former support from the end of February).

Adobe has been rising in the last few trading sessions inside active medium-term impulse wave (3) – which started recently from the key support level 290.00.

Adobe is likely to rise further toward the next resistance level 362.60 (top of the earlier wave (B) from the start of March).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: ADBE

Recent Posts

Platinum Wave Analysis – 13 May, 2024

• Platinum reversed from resistance level 1010.00 • Likely to fall to support level 990.00…

1 hour ago

Coca-Cola Wave Analysis – 13 May, 2024

• Coca-Cola rising inside sharp impulse wave (3) • Likely to reach resistance level 64.00…

1 hour ago

Crypto market under pressure from Bitcoin

Market picture  Crypto market cap on Monday stands at $2.2 trillion, down 5.2% over seven…

13 hours ago

Silver and gold recovered quickly. What’s next?

Gold and silver have been enjoying a return to demand since early May, and buyers…

3 days ago

Toncoin catches up with XRP

Market picture  The crypto market added 2.8% in the last 24 hours to a total…

4 days ago

Adobe Wave Analysis 9 May 2024

- Adobe reversed from resistance level 500.00 - Likely to fall to support level 460.00…

4 days ago

This website uses cookies