Brief Analysis: The trend direction for the British pound major has been an upward wave since the beginning of the year. The wave level in the current section allows categorization at the daily time frame. A month ago, the quotes bounced off the lower edge of a wide potential reversal zone, beginning the formation of a bullish segment. The price is approaching another cluster of resistance levels across various timeframes.
Weekly Forecast: At the beginning of the upcoming week, the GBP/USD pair is likely to show "sideways" movement. A decline towards the calculated support levels is possible, with a brief spike below the lower boundary not excluded. An increase in volatility, a reversal, and the beginning of an upward price movement can be expected by the end of the week.
Potential Reversal Zones:
Recommendations:
Brief Analysis: The short-term AUD/USD chart shows a dominant upward trend. The last unfinished segment started two weeks ago. The structure of this movement is not yet completed. The price is approaching the upper boundary of the preliminary target zone.
Weekly Forecast: Over the coming days, the pair's quotes are expected to move gradually toward the calculated resistance zone. Fluctuations are anticipated to be flat. Closer to the weekend, a change in direction and a downward price movement, potentially down to the support zone, can be anticipated. A brief spike may occur at the upper boundary of the support zone.
Potential Reversal Zones:
Recommendations:
Brief Analysis: The unfinished bullish wave structure today appears to be a shifting plane and has been in place since mid-April. The wave structure experienced its concluding part (C) starting a month ago. The quotes penetrated a strong support zone, opening the way to the next control zone.
Weekly Forecast: Following probable pressure on the support zone, a price increase is expected in the pair's chart. The price surge is likely up to the calculated resistance level, which passes through the lower edge of the preliminary target zone of the current wave.
Potential Reversal Zones:
Recommendations:
Brief Analysis: The current incomplete wave structure for the EUR/JPY chart is upward and has been developing since February 28. The downward correction that began two months ago has exceeded the retracement level of the last segment and has continued to develop. In recent weeks, the price has been moving along the upper edge of a powerful potential reversal zone.
Weekly Forecast: Over the coming days, a gradual price increase for the cross is expected, reaching the calculated resistance zone. After that, a reversal is anticipated, leading to a resumption of the bearish sentiment in the movement. The highest volatility is likely closer to the weekend.
Potential Reversal Zones:
Recommendations:
Brief Analysis: The global trend of the EUR/GBP cross has been downward since April of this year. The latest unfinished segment began at the end of October. The structure shows that the concluding part (C) is not complete and has been supported by a bounce from the lower boundary of a powerful potential reversal zone.
Weekly Forecast: Over the next couple of days, the price is expected to continue moving mainly sideways. A brief price increase is not excluded, potentially reaching the resistance zone. Afterwards, a reversal and resumption of bearish sentiment for the cross can be anticipated. The support zone indicates the lower boundary of the likely weekly price movement for the pair.
Potential Reversal Zones:
Recommendations:
Brief Analysis: On the daily scale of the EUR/CHF cross chart, a downward wave model has been forming for more than six months. Since April, a corrective shifting plane has been developing and is still not complete. The price is approaching the lower boundary of a powerful potential reversal zone on the daily timeframe.
Weekly Forecast: In the upcoming week, an increase in the cross's price can be expected, not exceeding the calculated resistance zone. This area contains a cluster of support/resistance levels across various timeframes. A change in direction and downward price movement is likely closer to the weekend.
Potential Reversal Zones:
Recommendations:
In simplified wave analysis (SWA), all waves consist of three parts (A-B-C). The last incomplete wave is analyzed on each timeframe. Dotted lines indicate expected movements.
The wave algorithm does not take into account the duration of movements of instruments over time!
*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.
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