EUR/USD
Analysis:
The market of the common European currency was dominated by an upward trend. Its unfinished section started in early November. Over the past month, the price has been forming a correction in the form of shifting planes. Since December 21, a new section is developing along with the trend. The price has been correcting since yesterday.
Forecast:
For most of the current day, a flat movement pattern is expected with a general downward vector. In the European session, a short-term rise is likely, no further than the resistance zone.
Potential reversal zones
Resistance:
- 1.2200/1.2230
Support:
- 1.2120/1.2090
Recommendations:
During the decline of the euro, short-term sales with a reduced lot are possible, however, it is safer to refrain from trading. In the area of calculated support, it is recommended to track reversal signals to enter long positions.
AUD/USD
Analysis:
Quotes of the growing Australian dollar two weeks ago reached the zone of a potential reversal of a large scale. A complex correction began to form in the form of a stretched plane. On December 21, its structure was fully formed and an upward section with a reversal potential started up.
Forecast:
Over the next day, the price is expected to move mainly in the lateral plane. A short-term decline is possible, no further than the calculated support.
Potential reversal zones
resistance:
- 0.7550/0.7580
Support:
- 0.7480/0.7450
Recommendations:
Trading Aussie today can be very risky. It is recommended to refrain from entering the pair's market until the correction is complete and look for buy signals at its end.
EUR/JPY
Analysis:
The chart of the large time frames of the pair shows a flat mood. The direction of the short-term trend is set by the algorithm of the rising wave of October 30. The price spent the entire current month in the area of the potential reversal zone, forming a horizontal plane.
Forecast:
In the next trading sessions, the general sideways course of the movement is expected to continue. In the first half of the day, a downward vector is likely. By the end of the day, you can expect the formation of a reversal and the beginning of the price movement upward.
Potential reversal zones
Resistance:
- 126.50/126.80
Support:
- 125.80/125.50
Recommendations:
Trading on the pair's market today is possible only within sessions with a reduced lot. Purchases of the pair are a priority.
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 the arrows shows the formed structure, and the dotted one shows the expected movements.
Attention: The wave algorithm does not take into account the duration of the instrument's movements in time!
