Categories: Technical analysis

Bank of America Wave Analysis – 8 May 2025

Bank of America: ⬆️ Buy

– Bank of America broke the resistance zone

– Likely to rise to resistance level 44,00

Bank of America recently broke the resistance area between the resistance level 41.35 and the 61,8% Fibonacci correction of the downward impulse from February.

The breakout of this resistance zone accelerated the active impulse wave 3 of the intermediate impulse wave (3) from the start of April.

Bank of America can be expected to rise to the next resistance level 44,00 (top of the previous correction iv from March).

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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