empty
 
 
18.03.2019 05:14 PM
Simplified Wave Analysis. Overview of USD / JPY for the week of March 18

Large TF:

On the weekly chart of the Japanese yen by the end of last year, the downward wave ended. The peculiarity of the situation in the coincidence of the structures of weekly and monthly scales. The beginning of the bull wave has a high wave level, in which there can be no classical counter pullbacks.

Small TF:

In the dominant wave of January 3, all corrections have the wrong appearance. The last of them ended on March 8. Subsequent movements prepare the groundwork for a valuable new breakthrough. In the structure of the wave in recent days, a downward roll is formed.

This image is no longer relevant

Forecast and recommendations:

In the yen market, a bullish mood remains. In the coming days, there is a possibility of a short-term price reduction. For traders, this will give a good opportunity to enter the pair's purchases on more favorable terms.

Resistance zones:

- 113.30 / 113.80

Support areas:

- 111.20 / 110.70

Explanations for the figures: The simplified wave analysis uses waves consisting of 3 parts (A – B – C). On each of the considered scales of the graph, the last, incomplete wave is analyzed. Zones show calculated areas with the highest probability of reversal. The arrows indicate the wave marking by the method used by the author. The solid background shows the formed structure, the dotted - the expected movement.

Note: The wave algorithm does not take into account the duration of tool movements over time. To conduct a trade transaction, you need confirmation signals from the trading systems you use!

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $8000 más!
    ¡En Marzo, sorteamos $8000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback