Categories: Technical analysis

Ford Wave Analysis 14 January, 2021

• 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).

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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Tags: Ford

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