Categories: Technical analysis

MasterCard Wave Analysis – 9 December, 2021

• MasterCard broke resistance zone

• Likely to rise to resistance level 350.00


MasterCard recently broke the resistance zone between the resistance level 340.00 and the 50% Fibonacci correction of the downward impulse (1) from the middle of November.

The breakout of this resistance zone accelerated the active medium-term wave (2).

MasterCard can be expected to rise further toward the next resistance level 350.00 (target price calculated for the completion of the active correction (2)).

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: Mastercard

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