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Wave analysis

28.09.202109:31 Forex Analysis & Reviews: Simplified wave analysis and forecast for GBP/USD, AUD/USD, USD/CHF, USD/CAD on September 28

GBP/USD

Analysis:

The market of the major British pound froze in anticipation of the upcoming rise. The structure of the last ascending wave from July 20 shows the proximity of the end of the correction part (B).

Forecast:

On the current day, the pair's quotes are expected to move in the price corridor between the nearest counter zones. A decrease in the price is more likely by the end of the day or tomorrow. The calculated support shows the upper limit of a strong potential reversal zone of a large TF.

Potential reversal zones

Resistance:

- 1.3730/1.3760

Support:

- 1.3630/1.3600

Recommendations:

Today, trading the pound is riskier and can lead to losses. Short-term sales from the resistance zone are possible. It is worth considering the limited potential of the upcoming decline.

AUD/USD

Analysis:

Since August 20, the beginning of an upward trend has been forming on the market of the main pair of the Australian dollar. The price spent the entire past month in correction to the initial price rise. This movement has not been completed yet.

Forecast:

In the coming days, the pair's price growth is expected to complete, the formation of a reversal and a price decline to the support level.

Potential reversal zones

Resistance:

- 0.7320/0.7350

Support:

- 0.7250/0.7220

Recommendations:

Today, trading on the Australian dollar market is possible only in a fractional lot within individual sessions. Sales of the instrument from the resistance zone are more promising.

USD/CHF

Analysis:

A downward wave model has been forming on the Swiss franc chart over the past three months, in the form of a stretched plane. At the moment, its structure lacks the final part (C). The price supports the lower border of a strong potential reversal zone.

Forecast:

After the probable pressure on the resistance zone, a change in the exchange rate and a downward move of the price is expected today. The calculated support shows the lower limit of the expected daily course of the pair.

Potential reversal zones

Resistance:

- 0.9270/0.9300

Support:

- 0.9200/0.9170

Recommendations:

Today, sales from the resistance zone are possible on the pair's market.

USD/CAD

Analysis:

A downward wave has been forming on the Canadian dollar chart since July 19. By now, the wave structure looks like a shifting plane. On September 20, its final section started.

Forecast:

In the coming sessions, the downward price rate, which has been dominating in recent days, is expected to continue. In the first half of the day, a short-term pullback to the resistance zone is possible. The calculated support shows the lower limit of the expected daily course.

Potential reversal zones

Resistance:

- 1.2620/1.2650

Support:

- 1.2540/1.2510

Recommendations:

Today, sales are recommended on the pair's market at the end of all counter price movements.

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 take into account the duration of the instrument's movements in time!

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Isabel Clark,
Analytical expert of InstaSpot
© 2007-2025

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