Technical analysis
Ford Wave Analysis 14 January, 2021
January 14, 2021 @ 18:58 +03:00
![Ford Wave Analysis 14 January, 2021 Ford Wave Analysis 14 January, 2021](https://fxpro.news/wp-content/uploads/2020/02/ford-logo-1929-1440x900-1024x640.png)
• Ford broke resistance level 9,50
• Likely to rise to 10,50
Ford recently broke sharply above the long-term resistance level 9,50 (which has been reversing the price from December of 2019 – as can be seen below).
The breakout of the resistance level 9,50 added to the bullish pressure on Ford – accelerating the active impulse sequences 5 and (C).
Given the clear daily uptrend – Ford is expected to rise further toward the next resistance level 10,50 (intersecting with the daily up channel from September).
![](https://fxpro.news/wp-content/uploads/2021/01/f2-primary-analysis-jan-14-1739-pm-1-day-1024x479.png)