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Analytical Reviews

Wave analysis

25.05.202206:10 Forex Analysis & Reviews: Elliott wave analysis of Google for May 25, 2022

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 25.05.2022 analysis

Google or Alphabet as the parent company is called is correcting along all the other FAANGS and is headed for a dip into the support zone between 1,183 - 1,534. We are likely to see support at 1,534 act as a floor for a corrective rally towards 2,265 before renewed weakness to support near 1,183 and maybe even closer to support at 1,014 to complete the corrective decline from 3,019.

Torben Melsted
Analytical expert of InstaForex
© 2007-2025

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