Categories: Technical analysis

Visa Wave Analysis 10 November, 2020

• Visa reversed from key resistance level 217.00

• Likely to fall to 207.00

Visa recently reversed down from the key resistance level 217.00 (which stopped the previous sharp upward trend in September) – standing above the upper daily Bollinger Band.

The downward reversal from the resistance level 217.00 stopped the impulse wave (i) of the previous wave B from the end of October.

Given the overbought daily Stochastic – Visa is likely to fall further toward the next support level 207.00 (former monthly high from October).

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: Visa

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