18.11.202009:02 Forex Analysis & Reviews: Simplified wave analysis and forecast for AUD/USD and EUR/JPY on November 18

Essas informações são fornecidas a clientes profissionais e de varejo como parte da comunicação de marketing. Elas não contêm e não devem ser interpretadas como consultoria, recomendação de investimento ou uma oferta ou solicitação para se envolver em qualquer transação ou estratégia em instrumentos financeiros. O desempenho passado não é uma garantia ou previsão de desempenho futuro. A Instant Trading EU Ltd. não se responsabiliza pela exatidão ou integridade das informações fornecidas, ou por qualquer perda decorrente de qualquer investimento com base em análises, previsões ou outras informações fornecidas por um funcionário da Empresa, ou de outra forma. O termo de responsabilidade completo está disponível aqui.

AUD/USD

Analysis:

The Incomplete section of the upward trend starts from September 25. The structure has a distinct wave zigzag. The price has reached the lower limit of strong resistance, from which a correction has been formed since November 9.

Forecast:

In the next 24 hours, the downward movement is expected to end, a reversal and a repeated price increase. If the exchange rate changes, a short-term puncture of the lower support border is not excluded.

Potential reversal zones

Resistance:

- 0.7320/0.7350

Support:

- 0.7250/0.7220

Recommendations:

Trading the Australian dollar today is possible within the intraday with a reduced lot. Sales are risky. In the support area, it is recommended to track signals for buying a pair.

EUR/JPY

Analysis:

A descending wave structure has been developing on the pair's chart since the beginning of summer, correcting the previous momentum. The movement is not complete. The price decline that started on November 9 has a reversal potential and may be the beginning of the final part (C) of the main wave.

Forecast:

Today, the downward trend is expected to end and reverse. Then you can count on price growth, up to the boundaries of the resistance zone.

Potential reversal zones

Resistance:

- 124.20/124.50

Support:

- 123.40/123.10

Recommendations:

Trading today is only possible within the intra-session style, with a reduced lot. At the European session, purchases of the instrument are more promising. After the rise is completed and the sale signals appear, you should change the trading vector.

Explanation: 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 instrument's movements in time!

Voltar a lista

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.