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GBP/USD
Analysis:Since April, the short-term price trend of the British pound's main pair has followed a bullish wave. As of today, the wave structure remains incomplete. From the end of May, the price has been pulling back from a major potential reversal zone on the weekly scale. The downward potential remains within correctional boundaries.
Forecast:A continuation of the pullback toward the calculated support is likely. After reaching this zone, sideways consolidation is expected, creating the groundwork for a rebound. The next upward leg is likely to be limited by the calculated resistance.
Potential Reversal Zones
Recommendations:
AUD/USD
Analysis:Over the past three months, price swings in the AUD/USD pair have followed a bullish wave. The current downward phase from May 26 likely represents a correction. The price has bounced off the lower boundary of a potential reversal zone on the daily timeframe.
Forecast:The bearish sentiment could conclude within the next few days near the calculated support. A reversal phase is then likely to develop. The extent of the anticipated upward movement is shown by the resistance range.
Potential Reversal Zones
Recommendations:
USD/CHF
Analysis:
Since the start of the year, USD/CHF has been forming a bearish wave. Over the past two months, a counter-trend correction has taken shape. Currently, the pair is approaching the upper boundary of a potential reversal zone on the hourly chart. The correction is still incomplete.
Forecast:Early in the week, price may rise and test the resistance zone. A brief breakout above this area is possible. In the second half of the week, a reversal and resumption of the downtrend is likely. The calculated support shows the lower limit of the expected weekly range.
Potential Reversal Zones
Recommendations:
EUR/JPY
Analysis:EUR/JPY continues to move upward. Last week, the price approached the lower boundary of a significant weekly potential reversal zone. No reversal signals are currently observed on the chart.
Forecast:A further rise is expected at the start of the week. Near the calculated resistance, conditions for a reversal may form, transitioning the pair into a downward phase. The support zone marks the expected lower boundary of the weekly range.
Potential Reversal Zones
Recommendations:
EUR/GBP
Analysis:Since early April, EUR/GBP has been in a downward wave. The current structure indicates the formation of a correction phase (B), which remains incomplete and appears as a drawn-out flat correction.
Forecast:A continuation of the upward correction is expected early in the week, with a potential reversal occurring near the calculated resistance. A downward move may begin in the latter half of the week.
Potential Reversal Zones
Recommendations:
US Dollar Index ($ Index)
Analysis:Recent movements in the US Dollar Index follow a bullish wave, representing a correction within a broader bearish trend on the higher timeframe. The current wave forms a contracting horizontal pattern, lacking a final segment.
Forecast:The general bullish direction is expected to continue this week. A short-term decline toward support is possible in the early days. Volatility is likely to increase later in the week. The calculated resistance marks the upper limit of a major reversal zone.
Potential Reversal Zones
Recommendations:Trades aimed at weakening national currencies in major pairs may be profitable this week. If reversal signals appear near resistance, such positions should be closed.
Notes: In simplified wave analysis (SWA), all waves consist of 3 parts (A-B-C). The analysis focuses on the last, unfinished wave on each timeframe. Dashed lines represent expected price movements.
Important: The wave algorithm does not take into account the time duration of market movements!
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
