GBP/USD
Analysis:
On the chart of the British pound, the incomplete wave pattern is ascending, starting from July 20. In the wave structure the middle part (B) is nearing completion. On August 20, an ascending section began towards the final part (C) of the current wave.
Forecast:
Today, the price is expected to move between the nearest zones. In the European session a short-term decrease to the support area is possible. Price growth is more likely by the end of the day.
Potential reversal zones
Resistance:
- 1.3790/1.3820
Support:
- 1.3700/1.3670
Recommendations:
Trading on the British pound market today is possible only with a small lot within individual trading sessions. Selling looks risky. Purchases at the support area are more promising.
AUD/USD
Analysis:
Since the end of February, a downward correction has been forming on the chart of the Australian dollar. Currently, the wave looks completed, but signals of an imminent course change are not expected. On August 20, the upward movement began towards the reversal direction. It may be a starting point of a full-fledged correction.
Forecast:
Today, a general upward vector is expected on the chart. The resistance zone shows the lower limit of a potential reversal zone of a larger TF. In the European session a short-term downward price rebound is assumed.
Potential reversal zones
Resistance:
- 0.7300/0.7330
Support:
- 0.7210/0.7080
Recommendations:
Today, trading on the pair's market is possible only within the intraday style with a reduced lot. Sales can be unprofitable.
USD/CHF
Analysis:
Since mid-June, a complex descending horizontal plane has been developing on the chart of the Swiss franc. At the moment, Its structure does not look complete. Quotes formed a narrow price corridor.
Forecast:
A completion of the downward rebound, the formation of the reversal and a price rise to the resistance area are expected by the end of the day.
Potential reversal zones
Resistance:
- 0.9180/0.9210
Support:
- 0.9110/0.9080
Recommendations:
Today, trading on the franc market is very risky. Short-term purchases from the support zone are possible. It is optimal to refrain from entering the pair's market until the current wave ends.
GOLD
Analysis:
Since August 9, a large-scale upward movement with strong reversal potential has started on the gold chart. The price is approaching the lower limit of the strong reversal zone.
Forecast:
In the near future, gold prices will rise up to the resistance zone. In the European session, a rebound to the support area is likely.
Potential reversal zones
Resistance:
- 1825.0/1830.0
Support:
- 1795.0/1790.0
Recommendations:
Today, sales can be unprofitable on the gold market. It is recommended to monitor signals for the instrument buying in the area of the support zone. The potential growth is limited by the calculated resistance.
Explanation: In the simplified wave analysis, (UVA) waves consist of 3 parts (A-B-C). The last unfinished wave is analyzed. The solid background of the arrows shows the formed structure, and the dotted background shows the expected movements.
Note: The wave algorithm does not take into account the duration of the instrument's movements in time!
在 4 小時圖上,歐元/美元的波動模式已轉變為一種上升結構並繼續維持這種形式。我相信毫無疑問,這一轉變完全是由於美國新貿易政策的緣故。
英鎊/美元的波浪模式持續顯示形成上升衝動波結構的跡象。這種波浪圖幾乎與歐元/美元的情況相同。
在4小時圖上,EUR/USD 的波動形態已經轉變為向上結構並保持這種狀態。我認為毫無疑問,這種轉變完全是由於美國新貿易政策所致。
英鎊/美元的波浪結構繼續顯示出上升衝擊波形態的發展。這波形態幾乎與歐元/美元對相同。
在4小時圖上,歐元兌美元的波浪結構已轉變為看漲形態,並繼續保持該形態。我認為這一轉變毫無疑問是由於新的美國貿易政策所引起的。
英鎊/美元的波浪結構持續顯示出一個看漲的衝動波浪模式。此波浪模式與歐元/美元的走勢非常相似。
GBP/USD的波浪結構繼續表明正在發展上行衝動波浪型態。其波浪型態幾乎與EUR/USD相同。
在歐元/美元的4小時圖表上,波浪形態已經轉變為上升結構,並且持續如此。很明顯,這種轉變完全是由於美國新貿易政策的影響。
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