Categories: Technical analysis

Amazon Wave Analysis – 25 November 2025

Amazon: ⬆️ Buy

– Amazon reversed from support area

– Likely to rise to resistance level 240.00

Amazon recently reversed from support area between the pivotal support level 212.00 (which has been reversing the price from May), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse 1 from April.

The upward reversal from this support area stopped the previous sharp downward correction 2.

Given the clear daily uptrend, Amazon can be expected to rise further to the next resistance level 240.00.

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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The FxPro Tech Analysis Team
Tags: amazon

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