Categories: Technical analysis

MasterCard Wave Analysis 17 September 2024

– MasterCard broke round resistance level 500.00

– Likely to rise to the resistance level 510.00

MasterCard continues to rise inside the accelerated impulse wave 3, which previously broke above the major long-term resistance level 485.00 (which stopped the weekly uptrend in March).

The active impulse wave 3 belongs to the intermediate impulse sequence (3) from the start of August.

Given the clear daily uptrend and the latest breakout of the round resistance level 500.00, MasterCard can be expected to rise further to the next resistance level 510.00 (target price for the completion of the active impulse wave 3).

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: Mastercard

Recent Posts

EURCHF Wave Analysis 20 December 2024

- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…

22 hours ago

USDCHF Wave Analysis 20 December 2024

- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…

22 hours ago

The US dollar ends the year on a strong note

The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…

23 hours ago

How deep will crypto dive?

The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…

1 day ago

EURGBP Wave Analysis 19 December 2024

- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…

2 days ago

EURJPY Wave Analysis 19 December 2024

- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…

2 days ago

This website uses cookies