Categories: Technical analysis

Visa Wave Analysis – 11 October, 2019

  • Visa rising inside impulse wave (3)
  • Likely to rise to 185.00

Visa recently reversed up from the support zone lying between the support level 167.00, lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous upward impulse from June.

The upward reversal from this support zone started the active medium-term impulse wave (3).

Visa is expected to rise further and retest the next resistance level 185.00 (monthly high from July and September).

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: Visa

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