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13.06.201814:05 Forex Analysis & Reviews: Review of AUD / USD pair for the week of June 13 via 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.

The wave pattern of the H1 graph:

The bearish wave of the major "Aussie" since January 26 in a higher timeframe takes the place of the final part (C). A contemptible calculation allows you to wait for about 3 figures to the target zone.

Exchange Rates 13.06.2018 analysis

The wave pattern of the H1 graph:

Since May 9, quotations of the pair form a bullish wave. For the main trend, it forms a correction.

Exchange Rates 13.06.2018 analysis

The wave pattern of the M15 chart:

The bearer section of June 6 corrects the first part of the zigzag wave (part AB).

Exchange Rates 13.06.2018 analysis

Recommended trading strategy:

Next week, conditions for short-term purchases will appear only for inside day transactions. n the resistance zone, traders of larger timeframes are recommended to track sales signals.

Resistance zones:

- 0.7710 / 0.7760

Support zones:

- 0.7560 / 0.7510

- 0.7320 / 0.7270

Explanations to the figures:

A simplified wave analysis uses a simple waveform, in the form of a 3-part zigzag (ABC). The last incomplete wave for every timeframe is analyzed. Zones show the calculated areas with the greatest probability of a turn.

Arrows indicate the counting of wave according to the technique used by the author. The solid background shows the generated structure and the dotted exhibits 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 to confirm the signals used by your trading systems.

Isabel Clark
Analytical expert of InstaForex
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