EUR/USD
Analysis:
The direction of the short-term trend of the European currency is set by the upward wave from March 20. The scale of the price rise is approaching the H4 level. The structure is completing preparations for the final upward pull of the price. There is an accumulation of volumes in the horizontal flat.
Forecast:
Today, the pair's market can expect a continuation of the sideways movement mood. In the first half of the day, pressure on support is not excluded, with a short-term puncture of the lower border. Then we expect a reversal and the beginning of the rise. The news calendar can serve as a reference point for its time.
Potential reversal zones
Resistance:
- 1.0920/1.0950
Support:
- 1.0850/1.0820
Recommendations:
Today, short sales of the euro are possible during sessions in the market. When reversal signals appear, it is recommended to track the entry points to long positions.
AUD/USD
Analysis:
The short-term trend of the "Aussie" is set by the upward wave from March 19. After the price has reached the lower border of the strongly reversed zone, a bearish correction develops on the chart. To date, it has not been completed.
Forecast:
Today, we expect a flat mood of the movement with a downward vector. In the next session, the end of the rise, a reversal and the beginning of a decline are possible. If the nearest support breaks through, the bearish mood will continue. The preliminary end zone of the entire wave is located in the area of the far support zone.
Potential reversal zones
Resistance:
- 0.6340/0.6370
Support:
- 0.6280/0.6250
- 0.6200/0.6170
Recommendations:
In the next sessions, the pair's market will be relevant for selling the instrument. Signals are best sought in the area of the calculated resistance. For purchases, conditions have not yet been created.
GBP/JPY
Analysis:
In the ascending wave dominating the pair's market of March 18, the correction phase (B) is nearing completion. The structure of the bearish wave is almost formed. The price is approaching the upper boundary of the settlement completion zone.
Forecast:
Today, the price is expected to move in the price corridor between the nearest counter zones. A downward trend is possible in the European session. Further, in the area of the support zone, a reversal and the beginning of a price rise is expected.
Potential reversal zones
Resistance:
- 132.70/133.00
Support:
- 131.50/131.20
Recommendations:
Today, we recommend selling the pair with a reduced lot from the current resistance zone. After the price reaches the support zone, when the reversal signals appear, it is recommended to expand trading positions.
Explanation: In the simplified wave analysis (UVA), waves consist of 3 parts (A-B-C). The last incomplete wave is analyzed. The solid background of arrows shows the formed structure, dotted - the expected movements.
Note: The wave algorithm does not take into account the duration of the tool movements in time!
