Categories: Technical analysis

American Express Wave Analysis – 29 August 2025

American Express: ⬆️ Buy

– American Express broke resistance zone

– Likely to rise to resistance level 340.00

American Express recently broke the resistance zone between the resistance level 325.00 (which has been reversing the price from the start of 2025) and the resistance trendline of the daily up channel from July.

The breakout of this resistance zone accelerated the active short-term impulse wave C from the middle of August.

Given the strong daily uptrend, American Express can be expected to rise to the next resistance level 340.00.

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

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