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Condizioni di trading
Strumenti
GBP/USD
Brief analysis:
Since January this year, the direction of price movements in the British pound against the US dollar has been determined by a downward wave. An unfinished corrective part of wave (B) began at the end of June. The calculated resistance runs along the lower boundary of a potential reversal zone on the daily time frame.
Weekly forecast:
In the first few days, the most likely scenario will be a decline followed by sideways movement along the support boundaries. A reversal and resumption of the price rise will follow. When the direction changes, a brief move below the lower support boundary cannot be ruled out. The resistance zone indicates the most likely upper boundary of the pair's expected weekly range.
Potential reversal zones
Resistance:
Support:
Recommendations
Selling: Relatively risky due to the limited downward potential.
Buying: Will become relevant after confirmed reversal signals appear near the support zone.
AUD/USD
Brief analysis:
The short-term uptrend in the Australian dollar major over the past two months has brought the price into an area where several potential reversal zones on different time frames converge. The final part (C) has entered the concluding phase of the wave. Its structure does not appear complete at the time of analysis.
Weekly forecast:
Over the next couple of days, the pair's price is likely to move mainly sideways. A decline toward the upper boundary of the support zone cannot be ruled out. Subsequently, a resumption of the bullish move can be expected. The calculated resistance runs along the lower edge of a strong reversal zone, where the entire current wave is expected to be completed.
Potential reversal zones
Resistance:
Support:
Recommendations
Selling: Has limited potential. It is safer to reduce the position size.
Buying: Will become possible after signals from your trading systems appear near the support zone.
USD/CHF
Brief analysis:
Since January this year, the trend direction on the chart of the Swiss franc major has been determined by an upward wave. Since mid-June, a correction in the form of a running flat has been developing within the structure. Since August 20, a bullish move with reversal potential has been developing. The price is approaching the lower boundary of a potential reversal zone on the hourly time frame.
Weekly forecast:
In the first half of the week, sideways movement along the resistance boundaries can be expected. Closer to the weekend, the probability of a reversal and resumption of the bearish bias increases. The decline could bring the price to the calculated support levels during the current week.
Potential reversal zones
Resistance:
Support:
Recommendations
Buying: Has little potential in the coming week.
Selling: May be considered after confirmed signals from your trading systems appear.
EUR/JPY
Brief analysis:
Over the past month, the direction of price movement in the euro/yen pair has been determined by an upward wave pattern. Within the currently unfinished final part of the wave, a counter-trend correction is developing. At the time of analysis, the wave structure appears fully complete. The wave degree of the upward segment from September 3 exceeds the retracement level.
Weekly forecast:
In the coming days, the pair is expected to move mainly sideways, with a downward bias. In the second half of the week, a reversal and resumption of the upward move can be expected near the support zone. A sharp increase in volatility cannot be ruled out during this period.
Potential reversal zones
Resistance:
Support:
Recommendations
Selling: May be used with reduced position sizes on an intraday basis.
Buying: May be considered after confirmed reversal signals from your trading systems appear near the support zone.
AUD/JPY
Brief analysis:
In the short term, since the beginning of August this year, the direction of movement in the Australian dollar/Japanese yen pair has been determined by an upward wave. Since the middle of last month, corrective part (B) has been developing within the wave structure. The wave structure has formed an extended flat on the chart. The upward segment from September 3 has reversal potential.
Weekly forecast:
Sideways movement in the pair is expected throughout the coming week. A downward bias is more likely in the first half of the week. Closer to the weekend, a reversal can be expected from the support zone, followed by a move toward the upper boundary of the price range.
Potential reversal zones
Resistance:
Support:
Recommendations
Buying: Will become possible after signals indicating a change in direction appear in your trading systems.
Selling: May be used during individual trading sessions with reduced position sizes.
EUR/GBP
Brief analysis:
The current wave structure on the euro/pound pair is upward, starting from July 15. The pair's price is approaching the lower boundary of a cluster of several potential reversal zones on lower time frames. A corrective flat has been developing within the structure over the past few months and remains incomplete at the time of analysis.
Weekly forecast:
In the first half of the coming week, sideways movement near the resistance zone is highly likely. Pressure on the upper boundary of the resistance zone is possible. Increased volatility, a reversal, and the beginning of a decline can be expected toward the end of the week. The release of economic data may serve as a timing reference.
Potential reversal zones
Resistance:
Support:
Recommendations
Buying: Has limited potential and is relatively risky.
Selling: May be considered after signals from your trading systems appear near the upper reversal zone.
Ethereum
Brief analysis:
Since August 20 this year, Ethereum has been undergoing a correction relative to the previous period of strengthening. The wave does not have reversal potential, as it is correcting the latest trend segment. Over the past three weeks, the price has been forming the middle part of wave (B) in a sideways pattern, which remains incomplete.
Weekly forecast:
In the coming days, sideways price movement is expected to continue. At the beginning of the week, a downward bias is likely, with the price declining no further than the boundaries of the support zone. Toward the end of the week, the probability of increased volatility, a reversal, and the beginning of an upward move will rise.
Potential reversal zones
Resistance:
Support:
Recommendations
Selling: May be used with reduced position sizes during individual trading sessions.
Buying: Not recommended until confirmed reversal signals from your trading systems appear near the support zone.
Explanations: In simplified wave analysis (SWA), all waves consist of three parts (A-B-C). In each time frame, the latest unfinished wave is analyzed. Expected movements are shown with a dashed line.
Attention: The wave algorithm does not take into account the duration of an instrument's movements over time!
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