empty
 
 

Forex Analysis & Reviews: Simplified wave analysis of EUR/USD and AUD / USD on October 28th
time 28.10.2019 08:31 AM
time Relevance up to, 29.10.2019 08:25 AM

EUR/USD

Analysis:

The bullish wave of the euro, which began in September, corrects the last section of the main trend of the pair. The wave structure does not show completeness. Throughout the past week, the price rolled back down.

Forecast:

The current decline in recent days has a chance to end in the coming days. Today, the flat nature of the price movement is expected, with a shift to the support zone. At the end of the day or tomorrow, a change in course and the beginning of price growth are likely.

Potential reversal zones

Resistance:

- 1.1130/1.1160

Support:

- 1.1060/1.1030

Recommendations:

The best tactic for today is to stay out of the euro market. Intraday supporters can make short-term sales. In the area of the support zone, it is recommended to monitor the signals of the instrument purchase.

This image is no longer relevant

AUD/USD

Analysis:

The Aussie chart is dominated by a bearish trend. Its last section started on September 12. Since the beginning of October, a full-fledged correction is formed towards us. To date, it has reached the estimated completion zone. Its structure is formed. The downward section from October 21 has a sufficient wave level for the beginning of the reversal structure.

Forecast:

In the coming days, the completion of the current decline and the beginning of price growth are expected. There is a high probability of flat movement within the lateral corridor between the oncoming zones.

Potential reversal zones

Resistance:

- 0.6870/0.6900

Support:

- 0.6810/0.6780

Recommendations:

Trading on the "Australian" market today is possible only within the intraday style. Until the emergence of clear reversal signals, the main direction of trade transactions remains purchases. After the exchange rate signals appear, it is recommended to change the vector of trades.

This image is no longer relevant

Explanations: In the simplified wave analysis (UVA), the waves consist of 3 parts (A-B-C). The last unfinished wave is analyzed. The solid background of the arrows shows the formed structure, dotted – the expected movement.

Attention: The wave algorithm does not take into account the length of time the tool moves!

ข้อดีจากการอ่านคำแนะนำของนักวิเคราะห์ได้แบบทันที
ฝากเงินเพิ่มเข้าไปในบัญชีการซื้อขาย
เปิดบัญชีการซื้อขาย

บทวิเคราะห์ของทาง InstaForex จะทำให้คุณทราบถึงแนวโน้มของตลาด! ในการที่เป็นลูกค้าของทาง InstaForex นั้นคุณจะได้รับการบริการเพื่อการซื้อขายอย่างเต็มประสิทธิภาพอย่างมากมาย

  • เทรดให้ดีแล้วคว้ารางวัล
    เติมเงินในบัญชีของคุณอย่างน้อย $500 สมัครเข้าร่วมการแข่งขัน และลุ้นรับรางวัลอุปกรณ์ติดต่อสื่อสารแบบพกพา
    เข้าร่วมการแข่งขัน
  • เฟอร์รารีจาก InstaForex
    เติมเงินในบัญชีของคุณอย่างน้อย $1,000
    เข้าร่วมการแข่งขันและรับรางวัลเป็นรถเฟอร์รารี่
    F8 Tributo
    เข้าร่วมการแข่งขัน
  • Chancy Deposit
    ฝากเงินเข้าบัญชีของคุณด้วย $3,000 และรับรางวัล $1,000
    เข้าร่วมการแข่งขัน
  • โบนัส 100%
    โอกาสพิเศษของคุณในการรับโบนัส 100% จากเงินฝากของคุณ
    รับโบนัส
  • โบนัส 55%
    สมัครรับโบนัส 55% สำหรับการฝากทุกครั้ง
    รับโบนัส
  • โบนัส 30%
    รับโบนัส 30% ทุกครั้งที่คุณเติมเงินในบัญชีของคุณ
    รับโบนัส

Recommended Stories

Outlook and trading signals for EUR/USD on November 28. COT report. Analysis of market situation. The euro may start a long-awaited correction.

During the last trading day of the week, the euro/dollar pair entered a bearish correction after a steep growth of the past several days. As a reminder, the price settled

Paolo Greco 06:34 2022-11-28 UTC+2

GBP/USD. Overview for November 28. We are anticipating a "hot" week

With only a slight downward pullback, the GBP/USD currency pair finished the previous trading week. All last week, we discussed how the British pound's rise is not entirely unjustified

Paolo Greco 06:00 2022-11-28 UTC+2

EUR/USD. Overview for November 28. Will the rate of inflation in Europe finally begin to decline?

On Friday, the EUR/USD currency pair traded extremely calmly, exhibiting no sudden movements, volatility, or trend. However, the pair ended the day above the moving average, and both linear regression

Paolo Greco 06:00 2022-11-28 UTC+2

Forecast for EUR/USD on November 28, 2022

Last Friday, the euro touched the lower shadow of the support at 1.0360, this morning it did the same thing. The price needs to settle under this level

Laurie Bailey 03:34 2022-11-28 UTC+2

Forecast for GBP/USD on November 28, 2022

A double divergence has already formed on the daily chart. If the price doesn't form a triple divergence, then it is already time for it to reverse to a medium-term

Laurie Bailey 03:34 2022-11-28 UTC+2

Forecast for AUD/USD on November 28, 2022

This morning, the Australian dollar decided to form a double top on the daily chart. The base of this figure is the nearest target level at 0.6595. Crossing the base

Laurie Bailey 03:29 2022-11-28 UTC+2

American stock indices are changing in different directions

There are no statistical releases scheduled for Friday. In this case, the session will be shortened and will end at 21:00 GMT+2. In this regard, trading activity is likely

Thomas Frank 03:29 2022-11-28 UTC+2

EUR/USD. Alarming news from China

The U.S. dollar index paused its "downward trek" on Thursday after traders played back the release of what they considered the dovish minutes of the Federal Reserve's November meeting. However

Irina Manzenko 14:39 2022-11-27 UTC+2

How to trade GBP/USD on November 28, 2022. Simple trading tips and analysis for beginners

GBP/USD showed even worse movement than EUR/USD on Friday. If the euro showed at least some form of local movements during the day, then the pound was flat. Again

Paolo Greco 13:31 2022-11-27 UTC+2

How to trade EUR/USD on November 28, 2022. Simple trading tips and analysis for beginners

The EUR/USD trade was very boring on Friday. There were no important events or reports in the EU or the US. The market could not react to anything

Paolo Greco 13:31 2022-11-27 UTC+2
หากไม่สะดวกคุยในตอนนี้
ระบุคำถามไว้ได้ใน แชท.