Overview of EUR / USD with the forecast for the current day
On the chart of the European currency in the main pair against the US dollar for the past 3 years, the rising stretched plane is forming. The final part of the wave (C) by the end of the summer reached a minimum elongation level sufficient to complete the entire model.
The wave level of the downward wave that has started further allows us to classify it as a potential reversal type. The middle part of the structure has an irregular shape of its structure. Since October 6, the final part has moved upwards. Ascending spurt at the end of last week logically completes this segment of the movement. The subsequent downward segment began to form at least a retracement.
Today, in the morning, the pair is waiting for the flute spirit. A short-term rise to the boundaries of the resistance zone is possible. The second part of the day is expected to be more bearish, with the price going down to settlement support.
The boundaries of the zones of resistance:
- 1.1820 / 50
The boundaries of the support zones:
- 1.1780 / 50
Overview of AUD / JPY with the forecast for the current day
Since June last year, the main direction of the trend of the cross pair Australian dollar / Japanese yen is set by an upward wave. By now, it has reached the preliminary target zone. Started in July, the traffic segment may well be the first part of a larger counter wave. The final part of this design is counted from September 21.
In the last week, the pair's price is corrected, reaching the nearest level of support for large-scale. The preliminary calculation of the target zone allows you to wait for the pair to move down in the area of 3 price figures.
The next trading session is expected to float the mood of the movement, with a descending vector. The support zone is the lower boundary of daily volatility. In the second half of the day, the probability of a change in the exchange rate and the growth of quotations in the area of the resistance zone increases.
The boundaries of the resistance zones:
- 88.50 / 80
The boundaries of the support zones:
- 87.90 / 60
Explanations to the figures: For simplified wave analysis, a simple waveform is used that combines 3 parts (A; B; C). Of these waves, all kinds of correction are composed and most of the impulses. On each considered time frame the last, incomplete wave is analyzed.
The areas marked on the graphs are indicated by the calculation areas in which the probability of a change in the direction of motion is significantly increased. Arrows indicate the wave counting according to the technique used by the author. The solid background of the arrows indicates the structure formed, the dotted one indicates the expected wave motion.
Attention: The wave algorithm does not take into account the duration of the tool movements in time. The forecast is not a trading signal! To conduct a trade transaction, you need to confirm the signals of your trading systems.