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.

Share
Published by
The FxPro Tech Analysis Team
Tags: AIG

Recent Posts

GBPUSD Wave Analysis 22 November 2024

- GBPUSD broke support zone - Likely to fall to support level 1.2465 GBPUSD currency…

16 hours ago

USDCHF Wave Analysis 22 November 2024

- USDCHF broke resistance zone - Likely to rise to resistance level 0.9000 USDCHF currency…

16 hours ago

Downbeat PMIs Cemented EURUSD’s Fall

The decline in EURUSD was driven by weak PMI figures, with France and Germany both…

16 hours ago

Gold hits new highs in euro

Gold has reached record high in euro above 2600, and growing fast in dollar terms…

21 hours ago

Crypto market buzzing in anticipation of regulatory change

The crypto market is booming as the anticipation of regulatory changes grows. Bitcoin nears $100K,…

22 hours ago

GBPCAD Wave Analysis 21 November 2024

- GBPCAD broke support zone - Likely to fall to support level 1.7500 GBPCAD currency…

2 days ago

This website uses cookies