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

22.05.201813:50 Forex Analysis & Reviews: Overview of USD / CHF for the week of May 22 on simplified wave analysis

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 picture of the chart D1:

The last section of the graph on the H4 / D1 TF forms the beginning of the final part (C) in the larger ascending wave formation W1. Previous parts (A-B) were formed over 3 years.

The wave pattern of the graph H1:

The bullish wave of February 16 has a high wave level. The character of the movement has a pronounced impulse form, with minimal counter correction areas. The lower boundary of the preliminary target zone is in 3 price figures from the current values of the pair.

Exchange Rates 22.05.2018 analysis

The wave pattern of the M15 chart:

From May 7, the price is adjusted, forming an intermediate correction. The price is close to the upper boundary of the calculated completion zone.

Recommended trading strategy:

For all types of trade, only purchases are recommended. In the area of settlement support, it is possible to deposit or enter the market with minimal risk.

Resistance zones:

- 1.0050 / 1.0100

Support zones:

- 0.9940 / 0.9890

Explanations to the figures: Simplified wave analysis uses a simple waveform, in the form of a 3-part zigzag (ABC). At each TF the last incomplete wave is analyzed. Zones show the calculated areas with the greatest probability of a turn.

Arrows indicate the wave counting according to the technique used by the author. The solid background shows the generated structure, dotted - the expected wave motion.

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

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