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GBP/USD
Analysis:
The incomplete wave model of February 24 on the chart of the British pound is directed downwards. At the beginning of June, the final part (C) of the wave started. The quotes have reached the upper limit of the wide support zone of the senior TF.
Forecast:
In the coming day, the price is expected to move along the nearest support. The option with a breakdown to the next zone remains relevant. In the second half of the day, the probability of an increase in volatility and the beginning of price growth increases. The resistance zone shows the upper limit of the expected daily move.
Potential reversal zones
Resistance:
- 1.3840/1.3870
Support:
- 1.3770/1.3740
- 1.3670/1.3640
Recommendations:
There are no conditions for purchases on the British pound market today. Before the appearance of clear reversal signals, it is possible to sell the pound from the resistance zone in a fractional lot.
AUD/USD
Analysis:
A downward corrective zigzag has been forming on the Australian dollar major chart since the end of February. On July 6, the final section of the wave started, which should complete its structure. The calculated support passes along the upper boundary of the preliminary target zone.
Forecast:
Today, the general downward vector of price movement is expected to continue. A short-term price increase is possible in the European session, no further than the upper limit of the calculated resistance. An active depreciation of the exchange rate is more likely at the end of the day or tomorrow.
Potential reversal zones
Resistance:
- 0.7450/0.7480
Support:
- 0.7360/0.7330
Recommendations:
Today, there are no conditions for buying the pair on the market. It is recommended to track sell signals in the area of the resistance zone.
USD/CHF
Analysis:
In the short term, the direction of price movements of the Swiss franc is set by the downward wave algorithm of June 18. The price is located in the area of clusters of powerful zones of a potential reversal.
Forecast:
In the coming day, the pair's market is expected to have a general flat mood in the range between the nearest counter zones. Pressure on the support zone at the European session is likely. Then you can expect a price increase up to the resistance area.
Potential reversal zones
Resistance:
- 0.9200/0.9230
Support:
- 0.9140/0.9110
Recommendations:
The franc should be traded cautiously today, taking into account the high probability of counter-pullbacks. It is optimal to refrain from entering the pair's market until the price rise is fully completed, tracking sell signals in the area of the resistance zone.
GOLD
Analysis:
Gold quotes continue their movement to the "south" of the price chart. The unfinished section of the wave has been counting since the beginning of June. Within its framework, in the last three weeks, the price has formed a flat correction, which has not yet been completed. Yesterday's price decline has a reversal potential.
Forecast:
In the coming day, the exchange rate is expected to move within the corridor limited by oncoming zones. A flat is more likely in the European session. There may be pressure on the support zone. By the end of the day, we can expect the resumption of the bullish movement vector, with the price rising to the resistance zone.
Potential reversal zones
Resistance:
- 1820.0/1825.0
Support:
- 1795.0/1790.0
Recommendations:
Conditions for the sale of gold are not created today. Short-term purchases with a fractional lot up to the area of the resistance zone are possible.
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 pair's movements in time!
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