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04.08.202110:34 Forex Analysis & Reviews: Simplified wave analysis and forecast for EUR/USD, AUD/USD, USD/CHF, GBP/JPY on August 4

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.

EUR/USD

Analysis:

Over the past year, the direction of short-term trends of the European currency was set by a descending horizontal plane. On a large scale of the chart, this section corrects the trend. The upward movements of June 18 have a reversal potential and can give rise to a new wave at the main rate.

Forecast:

Today, the completion of the sideways mood of the movement is expected, a reversal in the area of the support zone and the beginning of price growth. A breakthrough of the upper limit of the nearest resistance is not excluded in the next day. In this case, the rate rise will continue until the next milestone.

Potential reversal zones

Resistance:

- 1.2000/1.2030

- 1.1920/1.1950

Support:

- 1.1860/1.1830

Recommendations:

There are no conditions on the market for selling the euro today. It is recommended to monitor the signals for the purchase of the instrument in the area of the support zone.

Exchange Rates 04.08.2021 analysis

AUD/USD

Analysis:

The main direction of the price movement of the Australian dollar since February is set by a downward wave zigzag. By now, the structure looks complete. However, there are no signals of an early end. Since July 21, an upward section has been formed, which does not exceed the level of the intermediate correction to date.

Forecast:

Today, the price is expected to move mainly in the lateral plane between the nearest counter zones. At the European session, pressure on the support zone is likely. The change of the vector can be expected by the end of the day or tomorrow.

Potential reversal zones

Resistance:

- 0.7440/0.7470

Support:

- 0.7370/0.7340

Recommendations:

Today, trading on the Australian dollar market is possible only within the framework of individual sessions, in a fractional lot. Purchases from the support zone are more promising.

Exchange Rates 04.08.2021 analysis

USD/CHF

Analysis:

The downward price movement that started on June 18 with a high wave level gave rise to a new short-term trend. The quotes have reached the upper limit of a powerful potential reversal zone. There are no reversal signals on the chart yet.

Forecast:

The completion of the downward movement vector, the formation of a reversal, and the beginning of price growth are expected during the current day. The resistance zone shows the upper limit of the expected daily course.

Potential reversal zones

Resistance:

- 0.9090/0.9120

Support:

- 0.9030/0.9000

Recommendations:

Today, there are no conditions for sale on the Swiss franc market. Purchases with a reduced lot from the support zone are possible.

Exchange Rates 04.08.2021 analysis

GBP/JPY

Analysis:

The ascending section of the chart from July 19 gave rise to a new wave along the dominant vector of the cross movement. Since the end of last month, the price has been adjusted. The structure of this movement does not look complete. There is a powerful potential reversal zone below the current exchange rate.

Forecast:

Today, a flat is expected: the pair's price is moving in the corridor between the opposite zones. After an attempt to put pressure on the resistance zone, you can wait for a vector change and a decrease in the support area.

Potential reversal zones

Resistance:

- 152.20/152.50

Support:

- 151.30/151.00

Recommendations:

Trading on the pair's market in flat conditions is quite risky and can lead to losses. It is recommended to refrain from entering the pair's market until the end of the entire current decline, with tracking buy signals at its end.

Exchange Rates 04.08.2021 analysis

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 consider the duration of the instrument's movements in time!

Isabel Clark
Analytical expert of InstaForex
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