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GBP/USD
Analysis:
The daily scale of the British pound chart shows the dominance of the upward trend since March last year. The incomplete wave at the main course counts down from July 20. In its structure, since the end of last month, quotes have been forming a correction plane, which is still incomplete.
Forecast:
Today, the sideways movement vector is expected to continue in the price corridor between the opposite zones. In the first half of the day, you can expect pressure on the resistance zone. By the end of the day, the probability of a decline in the pair's exchange rate in the area of the support zone increases.
Potential reversal zones
Resistance:
- 1.3940/1.3970
Support:
- 1.3870/1.3840
Recommendations:
Trading on the pound market today is risky and can lead to losses. It is optimal to refrain from entering the pair's market until the current correction is completed, searching for signals to buy the instrument.
AUD/USD
Analysis:
Quotes of the major Australian dollar have been forming a downward correction wave since the end of February. The price has reached the upper limit of strong support. The upward movement of July 21 does not yet have a reversal potential.
Forecast:
Today, the pair's exchange rate is expected to continue moving in the sideways price corridor. Pressure on the support zone is not excluded in the next session. At the end of the day or tomorrow, you can expect a price rise.
Potential reversal zones
Resistance:
- 0.7450/0.7480
Support:
- 0.7370/0.7340
Recommendations:
Today, trading on the Australian dollar market is possible only within the intraday with a fractional lot. Sales are not recommended until the rollback is fully completed.
USD/CHF
Analysis:
On a large scale of the Swiss franc, the pair's chart is in a sideways flat. The unfinished bearish wave has been counting down since June 18. The wave structure looks complete. However, there are no signs of an imminent reversal on the chart. The quotes have approached the upper limit of a strong potential reversal zone.
Forecast:
Today, the price of the pair is expected to move between the nearest zones. In the first half of the day, an upward vector is more likely. You can expect a change of course and a decline in the support area after an attempt to put pressure on the resistance zone by the end of the day.
Potential reversal zones
Resistance:
- 0.9100/0.9130
Support:
- 0.9030/0.9000
Recommendations:
Today, trading on the pair's market is possible only with a small lot within the framework of individual trading sessions. Until the end of the entire current wave, purchases are premature.
GOLD
Analysis:
The incomplete wave model on the gold chart is the upward wave from February 26. In a larger wave, it takes the place of a correction. It forms the beginning of the final zigzag of the last part of the structure (C).
Forecast:
On the next day, a general downward vector of price movement is expected. Short-term price growth is not excluded in the first half of the day, not above the resistance zone. After the decline, the exchange rate is waiting for a reversal and a price rise.
Potential reversal zones
Resistance:
- 1810.0/1815.0
Support:
- 1780.0/1775.0
Recommendations:
Selling gold today is risky and has limited potential. It is safer to refrain from entering the instrument's market by waiting for buy signals at its end.
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, and the dotted one shows the expected movements.
Attention: The wave algorithm does not consider the duration of the instrument's movements in time!
*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。
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