Large-scale graphics:
The main trend direction of the franc in the main pair since February sets the uptrend. There is a clear sequence (ABC) in the wave.
Medium scale graphics:
The wave is rising, starting from September 21. The middle part of the wave (B) is formed in the movement structure.
Small scale graphics:
The descending wave of November 13 is relevant. Given its corrective nature in a larger model, the price movement occurs mainly in the "side". The wave lacks the final phase (C).
Forecast and recommendations:
This week, intersessional trading style advocates will be able to make short-term sales. For longer investments, you need to wait for the completion of the entire wave of correction.
Resistance zones:
- 1.0000 / 1.0050
Support areas:
- 0.9870 / 0.9820
Explanations for the figures: The simplified wave analysis uses waves consisting of 3 parts (A – B – C). For analysis, 3 consecutive graphs are used. Each of them analyzes the last, incomplete wave. Zones show calculated areas with the highest probability of reversal. The arrows indicate the wave marking by the method used by the author. The solid background shows the formed structure, the dotted, the expected movement.
Attention: The wave algorithm does not take into account the duration of tool movements over time. To conduct a trade transaction, you need confirmation signals from the trading systems you use!
