21.10.202009:42 Forex Analysis & Reviews: Simplified wave analysis and forecast for EUR/USD and AUD/USD on October 21

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:

Since September 25, the final section of the main trend wave has started on the chart of the European currency. There is a clear zigzag in its structure. The last section (C) counts down from October 15. Contrary to preliminary expectations, the wave has a pronounced impulse appearance with minimal counter-pullbacks.

Forecast:

In the near future, the beginning of the upward movement is expected to continue. From the borders of the nearest resistance, a short-term flat with a descending vector is possible, up to the support zone. By the end of the day, you can expect a resumption of price growth.

Potential reversal zones

Resistance:

- 1.1950/1.1980

- 1.1870/1.1900

Support:

- 1.1820/1.1790

Recommendations:

There are no conditions for selling euros today. At the end of all counter-movements, it is recommended to track signals for buying a pair.

AUD/USD

Analysis:

The Australian dollar chart is dominated by a large-scale upward trend. From September 25, the price forms the beginning of a new wave at the main exchange rate. The middle part (B) is incomplete. In its framework, the correction of the wrong type is nearing the end. Preliminary wave calculation indicates a high probability of breaking the level of the beginning of the rising wave.

Forecast:

Today, we expect the end of the upward movement mood, a reversal, and the beginning of the price move down. A short-term puncture of the upper limit of resistance when changing the course is not excluded.

Potential reversal zones

Resistance:

- 0.7090/0.7120

Support:

- 0.7030/0.7000

Recommendations:

Today, trading the pair is only possible within the intraday. There are no conditions for purchases today. In the area of the resistance zone, it is recommended to look for sell signals.

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 one shows the expected movements.

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

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.