Categories: Technical analysis

Coca-Cola Wave Analysis 30 July 2024

– Coca-Cola broke long-term resistance level 66.80

– Likely to rise to resistance level 68.00

Coca-Cola continues to rise strongly after the earlier breakout of the of long-term resistance level 66.80, which stopped the weekly uptrend at the start of 2022.

The breakout of the resistance level 66.80 coincided with the breakout of the weekly up channel from 2023 – which accelerated the active weekly impulse wave (3).

Given the clear weekly uptrend, Coca-Cola can be expected to rise further to the next resistance level 68.00. Strong support now stands at the support level 66.80.

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: coca-cola

Recent Posts

CHFJPY Wave Analysis – 9 January 2026

CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…

2 days ago

Exxon Mobil Wave Analysis – 9 January 2026

Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…

2 days ago

Pro News Weekly: Dollar Rebounds as Markets Test New Limits

Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…

3 days ago

Geopolitics will destroy the euro

•    EURUSD falls due to geopolitics and expectations of tariff removal •    Gold returns to…

3 days ago

Platinum Wave Analysis – 8 January 2026

Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…

3 days ago

Baidu Wave Analysis – 8 January 2026

Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…

3 days ago

This website uses cookies