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EUR/USD
On the chart of the major euro pair, an upward trend has been dominant since February of last year. As a result of price growth, quotes have reached the lower boundary of a large-scale potential reversal zone. Since July, a bullish wave in the form of an expanded flat has been developing and remains unfinished at the time of analysis. Its structure lacks the final segment (C).
Over the next week, an overall upward movement of the euro between the nearest opposing zones can be expected. In the first days, pressure on support and a short-term break below its lower boundary cannot be ruled out. A decline is likely in the second half of the week, but not beyond the marked upper zone.
Resistance:
Support:
Sell: There are currently no suitable market conditions for such trades on the euro.
Buy: After reversal signals appear, intraday trades may be possible. It is safer to close positions at the first signs of a reversal.
USD/JPY
The unfinished wave structure of the Japanese yen major pair is correcting the direction of the global uptrend. The wave has been counting from November of last year, forming an expanded flat on the chart. Last week, quotes pushed through strong support, which has now turned into resistance. The wave level of the decline demonstrates high potential, allowing for the assumption of a daily-scale correction.
In the first half of the upcoming week, sideways movement within a price corridor between opposing zones is most likely. A weak upward vector is possible in the first days. Pressure on the upper boundary of the control zone cannot be ruled out. Closer to the weekend, an increase in volatility and a resumption of price decline can be expected.
Resistance:
Support:
Buy: Carry a high degree of risk and may lead to deposit losses.
Sell: After confirmed reversal signals appear within the resistance zone, trades may be possible with a reduced volume size.
GBP/JPY
The current upward wave of the British pound versus Japanese yen pair has been counting from April of last year. Since mid-December, the middle segment (B) has been forming in the structure. Its still-unfinished structure forms a shifting flat. The final segment is missing. Quotes are located within a powerful potential reversal zone.
In the coming days, price movement along calculated resistance is expected. Toward the end of the week, increased volatility and the start of a price decline can be expected, not below the support boundaries. In the event of a trend change, a short-term break above the upper resistance boundary is possible.
Resistance:
Support:
Buy: Short-term trades with a small volume size are possible within individual sessions.
Sell: Will become relevant after appropriate reversal signals appear in the resistance zone.
USD/CAD
Throughout the past year, the trend direction of the Canadian dollar has been defined by a downward wave algorithm. The currently unfinished wave has been counting since November 5. Over the past two months, a corrective expanded flat has been moving sideways within the wave structure. At the time of analysis, the wave does not appear to be completed.
During the upcoming weekly period, quotes of the Canadian dollar are expected to move toward calculated support levels. Toward the end of the week, a pause and the formation of a reversal can be expected. A resumption of price growth is likely as early as next week. The weekly range of price decline is not expected to go below the support zone.
Resistance:
Support:
Buy: Premature until the decline is completed and confirmed reversal signals appear near support.
Sell: Possible with a reduced volume size within individual sessions. Trade potential is limited by calculated support.
NZD/USD
Since the end of September last year, the chart of the main New Zealand dollar pair has been forming a downward impulse. Since December, a corrective segment (B) in the form of an expanded flat has been developing against the main trend. Its structure does not appear to be complete at the time of analysis. Quotes are approaching the lower boundary of a large-scale potential reversal zone.
It is likely that the coming days will differ little from last week's price movements. A continuation of the rise can be expected, up to contact with calculated resistance boundaries. By the weekend, the chance increases for activation, a change in direction, and the start of a price decline down to the calculated support boundaries.
Resistance:
Support:
Sell: Such trades may become attractive after appropriate reversal signals from your trading systems appear near the resistance zone.
Buy: Possible with a fractional volume size within individual sessions. Potential is limited by resistance.
Gold
On the gold chart, following a corrective period since the end of the year, a new upward zigzag wave is forming. At present, structural analysis indicates the formation of the final segment (C). After breaking intermediate resistance last week, the instrument's price reached new all-time highs. Quotes have reached the lower boundary of the daily time frame potential reversal zone.
In the coming days of the upcoming week, a sideways consolidation along the resistance zone is likely, potentially lasting until midweek. This may be followed by a sharp surge in volatility, a trend change, and a price decline down to calculated support boundaries. With high probability, these events will coincide with the release of important news blocks.
Resistance:
Support:
Sell: Risky and may lead to deposit losses.
Buy: May be used only after the upcoming pullback and upon the appearance of appropriate signals from your trading systems near support.
Explanations:
In simplified wave analysis (SWA), all waves consist of three parts (A–B–C). In each time frame, the last unfinished wave is analyzed. Expected movements are shown with dashed lines.
The wave algorithm does not account for the duration of instrument movements over time.
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