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03.08.202010:34 Forex Analysis & Reviews: Simplified wave analysis and forecast for EUR/USD, USD/JPY, and GBP/JPY on August 3

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

EUR/USD

Analysis:

The upward wave of the euro from March 20 reached the borders of the preliminary target zone. Since last Friday, the quotes have gone down, forming a potentially-reversal structure. If it is confirmed, the price will soon change the direction of the short-term trend.

Forecast:

In the coming day, the general downward mood of the movement is expected. In the upcoming European session, there may be pressure on the resistance zone. If the nearest support breaks through, the quotes may fall to the next zone today.

Potential reversal zones

Resistance:

- 1.1790/1.1820

Support:

- 1.1720/1.1690

- 1.1620/1.1590

Recommendations:

Until the current correction is complete, trading on the euro market may be risky and possible only within the intraday framework. Tool sales are safer.

Exchange Rates 03.08.2020 analysis

USD/JPY

Analysis:

The current wave of the Japanese yen is bearish. It counts down from June 5. In the structure of the wave, the middle part (B) is nearing completion. It looks like a downward stretched plane on the chart and has an incorrect structure. After the correction is complete, the bearish trend will continue.

Forecast:

Today, the price rally that started last Friday is expected to end. The resistance is located at the lower border of the preliminary target zone. During the day, the formation of a reversal and the beginning of a counter decline is likely. A short-term puncture of the upper limit of the calculated resistance zone is not excluded. The support zone shows the lower limit of the expected daily course of the pair.

Potential reversal zones

Resistance:

- 106.30/106.60

Support:

- 105.40/105.10

Recommendations:

Buying yen today is risky and not recommended. The main attention is given to the search for sell signals in the area of the calculated resistance zone.

Exchange Rates 03.08.2020 analysis

GBP/JPY

Analysis:

The last incomplete wave structure on the Anglo-Japanese cross chart starts on June 8. The upward section that started at the end of June reached the maximum level for correction. If it is exceeded, all current wave markup will be revised. Since last Friday, a descending segment has formed on the chart, which can become the beginning of a reversal model.

Forecast:

In the coming day, we expect a general sideways mood of price movement in the corridor between the opposite zones. In the first half of the day, an upward vector is likely. You can expect the price to go down by the end of the day.

Potential reversal zones

Resistance:

- 139.20/139.50

Support:

- 138.00/137.70

Recommendations:

Today, trading is only possible with an intraday style with a reduced lot, according to the expected sequence of movements.

Exchange Rates 03.08.2020 analysis

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 arrows shows the formed structure, and the dotted ones show the expected movements.

Note: The wave algorithm does not take into account the duration of the tool movements in time!

Desarrollado por un Isabel Clark
experto de análisis de InstaForex
© 2007-2024

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