empty
 
 
15.07.2020 09:54 AM
Simplified wave analysis and forecast for EUR/USD, USD/JPY, and GBP/JPY on July 15

EUR/USD

Analysis:

The European currency chart has been dominated by an upward wave since mid-March. Since the beginning of summer, the price has formed a correction. To date, the structure lacks the final section (C). The middle part (B) of the current wave lengthened upwards. The correction structure began to take the form of a stretched or shifting plane.

Forecast:

In the coming day, we expect the end of the upward mood of the euro movement, the formation of a reversal and the beginning of a downward price move. If the nearest support breaks through, the decline will continue to the level of the next settlement zone.

Potential reversal zones

Resistance:

- 1.1430/1.1460

Support:

- 1.1360/1.1330

- 1.1270/1.1240

Recommendations:

When buying euros today, you should be careful and reduce the lot. There is a high probability of a sharp change of course. After the appearance of reversal signals, sales will become the main direction of trading in the coming sessions.

This image is no longer relevant

USD/JPY

Analysis:

The last incomplete structure at the time of analysis on the chart of the Japanese yen is bearish. It counts down from June 5. The structure traces the first two parts (A-B). From July 1, the final part (C) began to be formed. At the end of last week, the price began to form an upward pullback, which may end in the next few hours.

Forecast:

Today, we can expect the end of the upward movement vector, a reversal and a subsequent decline in the price. If the exchange rate changes, a sharp increase in volatility is possible, with a short-term puncture of the upper limit of the resistance zone.

Potential reversal zones

Resistance:

- 107.30/107.60

Support:

- 106.30/106.00

Recommendations:

Buying yen today can be very risky and is not recommended. It is proposed to track reversal signals for entering short positions in the area of the calculated resistance.

This image is no longer relevant

GBP/JPY

Analysis:

The incomplete wave structure on the chart of the British cross is bearish. It has been reporting since June 8. The price has adjusted in the last 3 weeks. The structure of this movement lacks the final part (C).

Forecast:

In the coming trading sessions, the overall upward exchange rate of this currency pair is expected. A flat mood is possible in the European session. The active phase of the rise is more likely at the end of the day.

Potential reversal zones

Resistance:

- 135.90/136.20

Support:

- 134.80/134.50

Recommendations:

There are no conditions for selling the pair today. In the support area, it is recommended to track emerging signals for the purchase of the instrument.

This image is no longer relevant

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!

Isabel Clark,
انسٹافاریکس کا تجزیاتی ماہر
© 2007-2024
انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں
  • چانسی ڈیپازٹ
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروائیں اور حاصل کریں$1000 مزید!
    ہم اپریل قرعہ اندازی کرتے ہیں $1000چانسی ڈیپازٹ نامی مقابلہ کے تحت
    اپنے اکاؤنٹ میں 3000 ڈالر جمع کروانے پر موقع حاصل کریں - اس شرط پر پورا اُترتے ہوئے اس مقابلہ میں شرکت کریں
    مقابلہ میں شامل ہوں
  • ٹریڈ وائز، ون ڈیوائس
    کم از کم 500 ڈالر کے ساتھ اپنے اکاؤنٹ کو ٹاپ اپ کریں، مقابلے کے لیے سائن اپ کریں، اور موبائل ڈیوائسز جیتنے کا موقع حاصل کریں۔
    مقابلہ میں شامل ہوں
  • 100 فیصد بونس
    اپنے ڈپازٹ پر 100 فیصد بونس حاصل کرنے کا آپ کا منفرد موقع
    بونس حاصل کریں
  • 55 فیصد بونس
    اپنے ہر ڈپازٹ پر 55 فیصد بونس کے لیے درخواست دیں
    بونس حاصل کریں
  • 30 فیصد بونس
    ہر بار جب آپ اپنا اکاؤنٹ ٹاپ اپ کریں تو 30 فیصد بونس حاصل کریں
    بونس حاصل کریں

تجویز کردہ مضامین

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
Widget callback