EUR/USD
Analysis:
Euro quotes have been declining for the last 2 years. Counter price movements do not exceed the size of the correction of the last parts of the trend. The unfinished upward stretched plane started in early September. It forms the final section.
Forecast:
Today is expected to end the downward movement and the beginning of the price rise. A reversal is likely within the framework of settlement support. An upward trend is more likely in the US session.
Potential reversal zones
Resistance:
- 1.1100/1.1130
Support:
- 1.1040 / 1.1010
Recommendations:
Selling the euro today is quite risky because of the small expected downward movement. It is recommended to wait for the appearance of reversal signals and monitor the signals of buying the instrument.
AUD/USD
Analysis:
The view of the unfinished short-term wave of "Aussie" from September 12 resembles a horizontal pennant. The structure prepares the conditions for the final pull down. The upward pullback is nearing completion. All last week, the price moved sideways along the strong resistance, forming a reversal structure.
Forecast:
The price rally is expected to end today. In the process of reversal, a short-term puncture of the upper boundary of the resistance zone is not excluded. By the end of the day, a decline is possible. The lower limit of daily volatility is shown by the support zone.
Potential reversal zones
Resistance:
- 0.6850/0.6880
Support:
- 0.6790/0.6760
Recommendations:
Purchases of the pair today are possible only in the next session. It is necessary to reduce the size of the lot. It is recommended to focus on the search for sales signals.
GBP/JPY
Analysis:
The upward wave that began in August has great potential for further growth. On November 22, a new section on the trend began. The price is approaching the lower boundary of the strong zone of a potential reversal.
Forecast:
Today, the completion of the flat section of the movement is expected. In the first half of the day, pressure on the support zone, with a puncture of its lower border, is not excluded. By the end of the day, a reversal and the beginning of the growth rate is likely.
Potential reversal zones
Resistance:
- 143.70/144.00
Support:
- 142.80/142.50
Recommendations:
The sale of the cross today is not recommended. In the area of settlement support, you need to track the reversal signal to find the points of purchase of the pair.
Explanations: In the simplified wave analysis (UVA), waves consist of 3 parts (A-B-C). The last incomplete wave is analyzed. The solid background of the arrows shows the formed structure for determining the expected movement.
Attention: The wave algorithm does not take into account the duration of the tool movements in time!
