Categories: Technical analysis

Microsoft Wave Analysis 1 April, 2021

• Microsoft broke resistance level 240.00

• Likely to rise to resistance level 245.00

Microsoft recently broke the resistance level 240.00 (which is the upper boundary of the sideways price range inside which the price has been trading from last month).

The breakout of this price range accelerated the active minor impulse waves (iii) and 3.

Microsoft is likely to rise further toward the next major resistance level 245.00 (which stopped the previous sharp impulse wave 1 in the middle of February).

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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The FxPro Tech Analysis Team
Tags: microsoft

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