empty
 
 

Forex Analysis & Reviews: Simplified wave analysis for September 10. EUR/USD: we expect a price shake-up; AUD/USD: the calm before the decline
time 01.10.2019 10:08 AM
time Relevance up to, 02.10.2019 09:57 AM

EUR/USD

Analysis:

Since the beginning of August, a hidden correctional model has been developing on the euro chart. It lacks the final part (C). In recent days, the price of the pair is within the support zone of a large scale. An upward wave with a high wave level is formed on the shallow TF.

Forecast:

The current wave construction should end with a price jump up, at least to the minimum goals. In the coming sessions, a reversal and the start of a price increase are expected. The calculated zones show the expected limits of daily volatility.

Potential reversal zones

Resistance:

- 1.0970/1.1000

Support:

- 1.0900/1.0870

Recommendations:

Euro sales are irrelevant today. As part of the intraday, it is recommended to pay attention to the emerging buy signals. For trading on large TFs, it is better to refrain from pair entry to the market at this time.

This image is no longer relevant

AUD/USD

Analysis:

The downward wave from September 12 to the present day exceeded the correction level of the previous bullish wave. The structure of the current movement looks complete. There is a need for correction. The price has reached the intermediate support level.

Forecast:

Contact with the reversal zone today can trigger a price pullback. Probably, it will take the form of a sidewall, but a short-term rise to the resistance zone is not excluded. A return to the main course of movement can be expected tomorrow.

Potential reversal zones

Resistance:

- 0.6760/0.6730

Support:

- 0.6700/0.6670

Recommendations:

Being out of the pair's market is the safest tactic today. The potential for a decline in sales has been exhausted, but the conditions for purchases have not yet been created. At the end of the upcoming rollback, it is recommended to monitor the sell signals.

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!

Isabel Clark,
Chuyên gia phân tích của InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • Giao dịch khôn ngoan, thành công
    Nạp tiền vào tài khoản của bạn với ít nhất $ 500, đăng ký cuộc thi và có cơ hội giành được các thiết bị di động.
    THAM GIA CUỘC THI
  • Ferrari từ InstaForex
    Nạp tiền vào tài khoản của bạn với ít nhất 1.000
    tham gia cuộc thi và giành chiến thắng Ferrari
    F8 Tributo
    THAM GIA CUỘC THI
  • Tiền gửi lần truy cập
    Gửi vào tài khoản của bạn 3.000 đô la và giành được 1.000 đô la
    THAM GIA CUỘC THI
  • 100% tiền thưởng
    Cơ hội duy nhất của bạn để nhận 100% tiền thưởng khi gửi tiền
    NHẬN THƯỞNG
  • 55% Tiền thưởng
    Đăng ký tiền thưởng 55% cho mỗi lần gửi tiền của bạn
    NHẬN THƯỞNG
  • 30% tiền thưởng
    Nhận 30% tiền thưởng mỗi khi bạn nạp tiền vào tài khoản của mình
    NHẬN THƯỞNG

Recommended Stories

GBP/USD. Analysis for December 8. The British pound is unsure of what it is anticipating.

The wave marking for the pound/dollar instrument currently appears quite confusing, but it still needs to be clarified. We have a five-wave upward trend section, which has taken the form

Chin Zhao 17:00 2022-12-08 UTC+2

EUR/USD. Analysis for December 8. There will be no increase in the strength of the US dollar.

The wave marking on the euro/dollar instrument's 4-hour chart still appears to be quite accurate, but the entire upward section of the trend is becoming more convoluted. It has already

Chin Zhao 15:55 2022-12-08 UTC+2

Elliott wave analysis of Litecoin for December 8, 2022

The same matter as we have just discussed for EUR/USD is actually playing out here as Litecoin failed to stay above resistance at 80.28 and more importantly above resistance

Torben Melsted 07:32 2022-12-08 UTC+2

Elliott wave analysis of EUR/USD for December 8, 2022

We continue to look for more upside pressure towards 1.0927 and much higher in the longer term. That said, in the short term, we need a break above minor resistance

Torben Melsted 07:27 2022-12-08 UTC+2

GBP/USD. Analysis for December 7, 2022

The wave marking for the pound/dollar instrument currently appears quite confusing, but it still needs to be clarified. We have a five-wave upward trend section, which has taken the form

Chin Zhao 15:57 2022-12-07 UTC+2

EUR/USD. Analysis for December 7. The European economy grew in the third quarter

The wave marking on the euro/dollar instrument's 4-hour chart still appears to be quite accurate, but the entire upward section of the trend is becoming more convoluted. It has already

Chin Zhao 15:32 2022-12-07 UTC+2

USDJPY wave 4 most probably over.

In previous posts we talked about the upside potential for USDJPY in order to complete its wave 4 bounce. Price has reached our bounce target area and is now getting

Alexandros Yfantis 15:07 2022-12-07 UTC+2

Elliott wave analysis of Gold for December 7, 2022

After a nice rally to test resistance at 1,799, gold should see a temporary setback to 1,701 before the next attempt to test and likely break above resistance at 1,799

Torben Melsted 06:19 2022-12-07 UTC+2

Elliott wave analysis of EUR/CHF for December 7, 2022

The Swiss Franc has been one of the strongest currencies over the last one and a half years, but that seems to be over. A firm bottom is in place

Torben Melsted 06:14 2022-12-07 UTC+2

GBP/USD. Analysis for December 6. Business activity in the UK construction sector continues to fall.

The wave marking for the pound/dollar instrument currently appears quite confusing, but it still needs to be clarified. We have a five-wave upward trend section, which has taken the form

Chin Zhao 16:35 2022-12-06 UTC+2
Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.