- American Express broke daily down channel
- Likely to rise to resistance level 340.00
American Express recently broke the daily down channel from the end of September (which encloses the earlier ABC correction ii).
The breakout of this down channel accelerated the active impulse wave iii – which started earlier from the strong support level 320.00.
Given the strong daily uptrend and the oversold daily Stochastic, American Express can be expected to rise to the next resistance level 340.00.
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
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Reach out to media.comments@fxpro.com for PR and media inquiries
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.