Categories: Technical analysis

American express Wave Analysis 23 February, 2021

• American approached long-term resistance level 137.60

• Likely to reach resistance 145.00

American express recently approached the key long-term resistance level 137.60 (which reversed the price in January and in February of 2020 –as can be seen below).

The resistance zone near the resistance level 137.60 is strengthened by the upper daily Bollinger Band.

If American express closes today above the resistance level 137.60 – the price can then rise to the next resistance level 145.00.

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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The FxPro Tech Analysis Team
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