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.

Share
Published by
The FxPro Tech Analysis Team
Tags: FDX

Recent Posts

SP500 quiet correction

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

18 mins ago

The third day of Crypto cooling off

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

3 hours ago

GBPUSD Wave Analysis 14 November 2024

- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…

17 hours ago

USDCAD Wave Analysis 14 November 2024

- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…

17 hours ago

The dollar has reached range limits

The US dollar has strengthened, reaching the upper boundary of its trading range. The British…

20 hours ago

Crypto: Tug-of-war at new altitude

Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…

20 hours ago

This website uses cookies