Categories: Technical analysis

Fedex Wave Analysis 20 October, 2020

• Fedex rising inside impulse wave (iii)

• Likely to reach 300.00

Fedex continues to rise inside the short-term impulse wave (iii), which belongs to the impulse wave 3 of the extended, multi-month upward impulse sequence C from July.

The price is currently rising inside the narrow accelerated up channel from September – indicating the strengthening of the bullish pressure on Fedex.

Fedex is likely to rise further toward the next round resistance level 300.00 (projected price for the completion of the active impulse wave (iii)).

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
Tags: FDX

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