EUR/USD
Analysis:
The euro continues to move in a downward trend that started at the end of January this year. The latest unfinished segment of the main trend began on August 20. The price has reached the upper boundary of a broad potential reversal zone on the daily timeframe. No clear signals of an imminent change in direction are currently visible on the chart.
Forecast:
Over the coming week, the current decline in the euro, which has been developing in recent days, is expected to end near the calculated support level. A reversal may then begin to form. In the second half of the week, the price is expected to resume its upward movement, with the pair rising toward the calculated resistance zone.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
Selling: Has limited potential; reduces the trading volume size.
Buying: May become possible with a reduced position size after reversal signals appear near the support zone.
USD/JPY
Analysis:
An upward reversal pattern has been developing in the USD/JPY pair since the beginning of August. It is expected to ultimately result in a change in the trend of the Japanese currency against the US dollar. The wave takes the form of an expanded flat, with its final part (C) currently developing. The structure does not yet indicate completion. The lower boundary of a strong potential reversal zone on a higher timeframe passes through the calculated resistance area.
Forecast:
At the beginning of the coming week, the downward movement is expected to continue, with the price declining toward the support boundaries. A reversal and renewed price growth are then expected. The highest volatility is likely to occur following the release of economic data.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
Buying: Conditions for such trades will emerge after reversal signals appear near support on your trading systems.
Selling: Has limited potential and carries some risk.
GBP/JPY
Analysis:
The trend direction of the GBP/JPY pair has been determined by an upward wave over the past two years. In the short term, the latest unfinished segment of the main trend dates back to the beginning of August. Its structure is forming the final part (C), which is not yet complete at the time of analysis.
Forecast:
Over the coming few days, the upward movement is expected to continue, with the price moving toward the calculated resistance area. In the second half of the week, conditions for a trend reversal and renewed price decline are likely to develop. The support zone represents the lower boundary of the pair's probable weekly range.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
Buying: May be possible with a reduced position size during individual sessions of decline. The limited upward potential should be taken into account.
Selling: Such trades are not advisable until confirmed reversal signals appear on your trading systems.
USD/CAD
Analysis:
An analysis of the weekly chart of the Canadian dollar shows the formation of an upward wave zigzag since the end of January this year. The wave structure forms a running flat. The final part (C) has been developing over the past month. The price is within a broad potential reversal zone on the daily timeframe.
Forecast:
During the first days of the coming week, sideways price movement along the boundaries of the calculated resistance is likely. The second half of the week is expected to be more volatile. Increased activity, a reversal, and the beginning of a decline in the pair are expected.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
Buying: No conditions for such trades are expected in the pair over the coming days.
Selling: May be considered after appropriate signals appear near the resistance zone.
EUR/CHF
Analysis:
The direction of the short-term trend in the EUR/CHF pair has been determined by an upward wave pattern since March this year. Over the past three weeks, the middle part (B) has been forming within the wave and remains incomplete at the time of analysis. The price has reached the upper boundary of a potential reversal zone on the 4-hour timeframe.
Forecast:
At the beginning of the week, the pair is likely to continue moving sideways, with a downward bias. The price is expected to decline toward the boundaries of the support level. A reversal may then form in this area, followed by renewed growth in the pair.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
Buying: May become relevant after appropriate signals from your trading systems appear near support.
Selling: Has limited potential; reduces the volume size.
Gold
Analysis:
On the gold chart, the short-term price trend since January this year has been determined by a downward wave pattern. On a higher timeframe, this segment of the chart forms a correction of the upward impulse in the form of a downward pennant. Since the end of September, the price has been correcting within a sideways pattern. The structure analysis indicates that it remains incomplete at the time of analysis.
Forecast:
At the beginning of the coming week, the downward price movement is expected to end. A reversal may then form near the support zone, followed by an upward move toward the boundaries of the calculated resistance zone.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
Buying: Premature until the correction is fully complete.
Selling: May be considered with a reduced position size after confirmed signals appear near the resistance zone on your trading systems.
Notes: In simplified wave analysis (SWA), all waves consist of three parts (A-B-C). On each timeframe, the latest unfinished wave is analyzed. Expected movements are shown with dashed lines.
Attention: The wave algorithm does not take into account the duration of instrument movements over time.
