empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

18.02.201909:12 Forex Analysis & Reviews: Simplified wave analysis. Overview of USD / JPY for February 18

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Large TF:

A bullish wave has been developing on the weekly scale of the Japanese yen chart since March last year, the structure of which completed the first 2 parts.

Small TF:

The ascending segment, which began on January 3, gave rise to the final part in a larger wave structure. The wave develops in pulse type, with minimal recoils. Before further rise, the price is to complete a rollback down.

Exchange Rates 18.02.2019 analysis

Forecast and recommendations:

The scope of the previous price growth is estimated at least 3 price patterns. Next week, an "outset" is expected. For bull traders, the upcoming price rollback will provide a good opportunity to strengthen their purchases or enter the market on the most favorable terms.

Resistance zones:

- 110.90 / 108.80

Support areas:

- 109.80 / 109.30

Explanatory notes 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!

Isabel Clark
Analytical expert of InstaForex
© 2007-2024

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.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off