Categories: Technical analysis

Swiss20 Wave Analysis 31 December, 2020

• Swiss20 broke resistance level 10600.00

• Likely to rise to 11000.00

Swiss20 index previously broke above the major resistance level 10600.00, which has been steadily reversing the price from the middle of September, as can be seen below.

The breakout the resistance level 10600.00 accelerated the active multi-impulse upward sequence made out of the impulse waves 3 and (C).

Swiss20 is expected to rise further to the next round resistance level 11000.00 (forecast price for the termination 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

Recent Posts

The third day of Crypto cooling off

The crypto market has continued to cool down for the third day, with a 1.7%…

2 hours ago

GBPUSD Wave Analysis 14 November 2024

- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…

16 hours ago

USDCAD Wave Analysis 14 November 2024

- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…

16 hours ago

The dollar has reached range limits

The US dollar has strengthened, reaching the upper boundary of its trading range. The British…

19 hours ago

Crypto: Tug-of-war at new altitude

Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…

19 hours ago

USDJPY Wave Analysis 13 November 2024

- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…

2 days ago

This website uses cookies