06.10.202521:02 Analisis Forex & Kajian: Weekly Forecast Using Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, EUR/CHF, and Gold – October 6th

EUR/USD

Analysis: The euro quotes continue to move within an uptrend. Over the past two weeks, a downward zigzag has formed from the resistance zone. Currently, the price is moving between intermediate support and strong resistance, forming a correction. Its structure is not yet complete.

Forecast: In the coming week, the recent decline is expected to finish near the calculated support area. After that, a reversal may form. In the second half of the week, the price is likely to resume its upward move, pushing the pair toward the calculated resistance zone.

Potential Reversal Zones:

• Resistance: 1.1810/1.1860
• Support: 1.1660/1.1610

Recommendations:

• Sales: Low potential, reduced position size.
• Purchases: Possible with a fractional lot after reversal signals appear near the support zone.

USD/JPY

Analysis: Since early August, a reversal model has been developing in the Japanese yen market, which will eventually result in a trend change of the yen against the U.S. dollar. The wave takes the form of an extended flat, with its final part (C) in progress. The structure is not yet complete. Near the calculated resistance lies the lower boundary of a powerful potential reversal zone on a higher timeframe.

Forecast: At the start of the coming week, continued upward movement is likely, with the price reaching the resistance boundary. Afterward, a reversal and renewed decline may follow. The greatest volatility is expected after the release of economic news.

Potential Reversal Zones:

• Resistance: 150.60/151.10
• Support: 148.50/148.00

Recommendations:

• Sales: Possible after reversal signals appear near the resistance zone on your trading systems (TS).
• Purchases: Low potential, may turn unprofitable.

GBP/JPY

Analysis: The GBP/JPY pair has been trending upward for the past two years. In the short term, an incomplete corrective phase has been developing since mid-August. Its structure is not yet finished.

Forecast: In the coming days, continued upward movement is expected, with price reaching the calculated resistance area. In the second half of the week, conditions for a reversal and renewed decline may form. The support zone marks the lower boundary of the pair's likely weekly range.

Potential Reversal Zones:

• Resistance: 203.00/203.50
• Support: 200.00/199.50

Recommendations:

• Purchases: Possible in fractional volumes during individual sessions, but growth potential is limited.
• Sales: Not relevant until confirmed reversal signals appear on your TS.

USD/CAD

Analysis: Weekly-scale analysis of the Canadian dollar shows an upward zigzag developing since late August. The wave structure forms a shifting flat. Over the past two weeks, the final part (C) has been developing. The preliminary target zone is located at the lower edge of a potential reversal area.

Forecast: In the first days of the coming week, sideways price movement is likely, with a possible rise to the calculated resistance boundary. The second half of the week is expected to be more volatile, with increased activity and the beginning of a decline in the pair.

Potential Reversal Zones:

• Resistance: 1.4010/1.4060
• Support: 1.3850/1.3800

Recommendations:

• Purchases: No conditions for such trades in the coming days.
• Sales: May be used after reversal signals appear near the resistance zone.

EUR/CHF

Analysis: Since April this year, the euro/Swiss franc pair has been trending upward. Chart extremes form a horizontal pennant. Within the wave, the middle part (B) is developing and is not yet complete. The preliminary target zone lies at the lower edge of the potential reversal area.

Forecast: At the start of the week, a flat market with a downward vector is likely. Price may decline to the support level, where conditions for a reversal and renewed growth could form.

Potential Reversal Zones:

• Resistance: 0.9390/0.9440
• Support: 0.9280/0.9230

Recommendations:

• Purchases: Relevant after reversal signals appear near the support level.
• Sales: Limited potential, reduced position size.

Gold

Analysis: Since August this year, gold's short-term trend has been upward. On a larger timeframe, this section of the chart forms the final part of an upward impulse. Since late September, quotes have been correcting in a sideways flat, which is not yet complete.

Forecast: At the start of the coming week, the upward move is expected to finish. Afterward, a reversal may form near the resistance zone, with renewed downward movement toward the calculated support boundaries.

Potential Reversal Zones:

• Resistance: 4005.0/4025.0
• Support: 3890.0/3870.0

Recommendations:

• Purchases: Premature until the correction is fully complete.
• Sales: Possible in fractional volumes after confirmed reversal signals appear near the resistance zone.

Notes: In Simplified Wave Analysis (SWA), all waves consist of 3 parts (A-B-C). On each timeframe, the last unfinished wave is analyzed. Dashed lines indicate expected movements.

Attention: The wave algorithm does not account for the duration of movements over time!