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15.01.201915:24 Forex Analysis & Reviews: Simplified wave analysis of EUR / GBP for January 15

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.

Large-scale graphics:

Since mid-April last year, the price of the cross forms a rising wave. The last wave of the scale H4 gave rise to the final segment (C).

Exchange Rates 15.01.2019 analysis

Medium scale graphics:

From December 10, the price forms a flat wave in the form of an expanding triangle. In a larger wave, it takes the place of correction (B).

Exchange Rates 15.01.2019 analysis

Small -scale graphics:

On January 3, launched a downward wave zigzag. The wave structure looks complete. The upper limit of the calculated target zone has been reached, but no turn signals are observed.

Forecast and recommendations:

In the upcoming weekly period, there is a high probability that the current flat will be completed and the movement vector will change. In the area of calculated support, it is recommended to track reversal signals in order to search for entry into long positions by the pair.

Resistance zones:

- 0.9030 / 0.9080

Support areas:

- 0.8870 / 0.8820

Explanations for the figures: The simplified wave analysis uses waves consisting of 3 parts (A – B – C). For analysis, 3 consecutive graphs are used. Each of them analyzes the last, incomplete wave. 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, the dotted - the expected movement.

Attention: 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

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