- Citibank broke the daily up channel
- Likely to rise to resistance level 105.00
Citibank recently broke the resistance trendline of the daily up channel from the end of July coinciding with the round resistance level 100.00.
The breakout of these resistance levels continues the active impulse wave iii of the upward impulse wave 5 from the end of July.
Given the strong daily uptrend, Citibank can be expected to rise to the next round resistance level 105.00 (target for the completion of the active impulse wave iii).
- Likely to rise to resistance level 105.00
Citibank recently broke the resistance trendline of the daily up channel from the end of July coinciding with the round resistance level 100.00.
The breakout of these resistance levels continues the active impulse wave iii of the upward impulse wave 5 from the end of July.
Given the strong daily uptrend, Citibank can be expected to rise to the next round resistance level 105.00 (target for the completion of the active impulse wave iii).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.