Categories: Technical analysis

AIG Wave Analysis – 11 February, 2020

  • AIG broke key resistance level 53.00
  • Likely to rise to 55.55

AIG recently rose sharply breaking through the key resistance level 53.00 (which stopped the two previous minor corrections 4 and (b), as can be seen below).

The breakout of the resistance level 53.00 accelerated the active medium-term impulse sequence (3) from the end of December.

AIG is likely to rise further toward the next resistance level 55.55 (which stopped earlier sharp corrections A and (B) in October and November respectively).

 

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.

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Tags: AIG

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