Large-scale graphics:
Since February last year, the pair quotes form an upward wave model on the chart. By the end of September, the first 2 parts (A-B) were fully completed.
Medium scale graphics:
In the wave ascending from the end of September, by the beginning of the current year, the internal structure (A-B-C) was clearly outlined.
Small-scale graphics:
Started on January 10, the rising wave has a strong reversal potential. Given that it completes the wave patterns of a rhinestone of several time scales, one can expect a domino effect. Kickbacks, in this case, will be a predominantly flat character.
Forecast and recommendations:
The coming weeks will be favorable for supporters of the "game to increase." At its lower border, it is recommended to track the pair buy signals.
Resistance zones:
- 1.0050 / 1.0100
Support areas:
- 0.9950 / 0.9900
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 requires confirming signals of the trading systems you use!
