Maradok 
Kereskedési feltételek
Products
Eszkozok
EUR/USD
Analysis:
In the last 2 years, the euro has been moving steadily south of the price chart. The latest trend section has been reporting since August last year. There is a clear zigzag in the structure of this wave. Since the beginning of the year, the final part has been developing, which has a pronounced impulse form. Oncoming traffic has the form of a side flat.
Forecast:
In the coming day, the main course of the pair's movement is possible to continue. The price has reached the next support zone. Given the nature of the current decline, it is difficult to expect a full correction from this level. Rather, it will be a "side". A new round of decline can be expected by the end of the day.
Potential reversal zones
Resistance:
- 1.0860/1.0890
Support:
- 1.0790/1.0760
Recommendations:
In the near future, purchases of the euro will be hopeless. It is recommended to track the reversal signals at the end of any counter rollbacks to find the best selling points for the instrument.
AUD/USD
Analysis:
Australian currency quotes form a downward wave. As part of the final part, a complex bullish correction plane has been developing over the past month. The wave is not complete. Quotes are in between the borders of a strong support zone.
Forecast:
The incomplete algorithm of the current wave indicates the continuation of the current lateral movement in recent weeks. The price range will decrease even more the next day. A short-term decline is not excluded in the next session. Further, the rise is expected to continue.
Potential reversal zones
Resistance:
- 0.6750/0.6780
Support:
- 0.6700/0.6670
Recommendations:
Trading on the pair market today is only possible within the intraday style, according to the described sequence. It is more reasonable to reduce the lot in transactions.
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 background shows the expected movements.
Note: The wave algorithm does not take into account the duration of the tool's movements in time!
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.
