0
0
August 20, 2020 at 03:19PM
• Nike broke multi-month resistance level 104.50
• Likely to rise to 110.00
Nike recently broke above the key multi-month resistance level 104.50 (which has been reversing the price from the middle of January – as can be seen from the daily Nike chart below).
The breakout of the resistance level 104.50 accelerated the active different-length impulse waves 3 and (3).
Given the clear multi-month uptrend – Nike is likely to rise further toward the next round resistance level 110.00 (target price for the completion of the active impulse wave 3).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/nike-wave-analysis-20-august-2020-20200820/
Selected by fonecable.com
Search Web: Nike Wave Analysis – 20 August, 2020
Recent Posts
- British Pound Outlook: GBP May Rise as Covid-19 Cases Begin to Fall
- NEWS: Switzerland December producer and import prices +0.5% vs -0.1% m/m prior January 19, 2021 at 07:30AM
- NEWS: Europe car sales plunged by the most on record in 2020 January 19, 2021 at 07:13AM
- Silver Price Outlook: XAG/USD Rises Ahead of Yellen Testimony, More to Go?
- NEWS: Eurostoxx futures +0.5% in early European trading January 19, 2021 at 07:04AM
Happy
0 %
Sad
0 %
Excited
0 %
Sleppy
0 %
Angry
0 %
Surprise
0 %
Average Rating