Categories: Technical analysis

Baidu Wave Analysis – 21 August 2025

Baidu: ⬆️ Buy

– Baidu reversed from the support area

– Likely to rise to resistance level 93.20

Baidu recently reversed from the support area between the support level 84.40 (which is the lower border of the sideways price range inside which the price has been trading from April) and the lower daily Bollinger Band.

The upward reversal from the support level 84.40 stopped the earlier impulse waves iii and 3.

Baidu can be expected to rise to the next resistance level 93.20, which is the upper border of the active sideways price range.

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: Baidu

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