empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

14.11.201814:07 Forex Analysis & Reviews: Simplified Wave Analysis. Review of USD / CHF pair for the week of November 14

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Wave pattern on the H4 chart:

The main trend of the franc major pair is given by the rising wave since the beginning of the year. The scale of which is close to the daily one. The wave sections formed the first 2 parts (A-B) on the H4 chart.

Wave pattern on the H1 chart:

On September 21, an ascending section started and will eventually move to a larger scale of movement. In the D1 model, the final part (C) began which explains the pronounced impulsive nature of the movement.

Exchange Rates 14.11.2018 analysis

Wave pattern on the M15 chart:

On November 7, a new ascending wave zigzag started. The price rolls back down on the past two days, forming an intermediate correction. After its completion, the recovery will continue.

Exchange Rates 14.11.2018 analysis

Recommended trading strategy:

Due to the small size of the expected decline in sales, the pair is not recommended. A new round of price growth is expected in the coming weeks. It is worth paying attention to the signal purchase tool.

Resistance zones:

- 1.0250 / 1.0300

Support areas:

- 1.0020 / 0.9970

Explanations to the figures:

The simplified wave analysis uses waves consisting of 3 parts (A – B – C). For the analysis, three main TFs are used. On every last part, the incomplete wave is analyzed. Zones show calculated areas with the highest probability of reversal.

The arrows indicate the wave marking by the method used by the author. The solid background shows the formed structure while the dotted shows the expected movement.

Note: The wave algorithm does not take into account the duration of tool movements over time. To conduct a trade transaction, you need confirmation signals from the trading systems you use!

Isabel Clark
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off