AUD / USD overview with current day forecast
The direction of the trend in the daily chart of the major currency.
Today, the completion of the descending interceding wave is expected that began last week. It is unlikely for a breakout to occur in the lower limit of support. However, expect a change in the dominant direction of the price towards the end of the day.
Boundaries of resistance zones:
- 0.7970 / 0.8000
Support zone boundaries:
- 0.7890 / 60
EUR / JPY outlook with current day forecast
Prospects for the upward trend of the EUR / JPY cross pair remains as the most interesting topic for the analysis since June last year.
The beginning of the decline.
Boundaries of resistance zones:
- 131.30 / 60
Support zone boundaries:
- 130.50 / 20
Explanations to the figures:
For simplified wave analysis, a simple waveform is used that combines 3 parts namely A, B, and C. All types of correction are created and most of the impulses can be found in these waves.
The zones are marked on the graphs.
Attention: The wave algorithm does not take into account the duration of the movement of tools in time.
