Categories: Technical analysis

Ford Wave Analysis – 6 January, 2023

• Ford reversed from powerful support level 10.90

• Likely to rise to resistance level 14.00


Ford under the bullish pressure after the price reversed up from the powerful support level 10.90 (which has been reversing the price from April of 2022).

The upward reversal from the support level 10.90 stopped the previous intermediate ABC correction (2) – starting the active impulse wave (3).

Ford can be expected to rise further toward the next resistance level 14.00 (which reversed the earlier correction B in December).

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: Ford

Recent Posts

Pro News Video: Dollar Surges, GBP & EUR Under Pressure, Crypto Hits New Heights

This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…

1 day ago

Key Events for the Week From November 18th

Next week, several countries including Canada, the UK, and Japan will release their estimates of…

1 day ago

A Heavy Gold: Investors Taking Profits

Investors have been selling off gold, with this week's drop being the largest in three…

1 day ago

Hang Seng meltdown

The Hang Seng Index has fallen 20% from its peak, marking the start of a…

1 day ago

SP500 quiet correction

The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…

1 day ago

The third day of Crypto cooling off

The crypto market has continued to cool down for the third day, with a 1.7%…

1 day ago

This website uses cookies