20.04.202110:47 Forex Analysis & Reviews: Simplified wave analysis and forecast for EUR/USD, AUD/USD, GBP/JPY on April 20

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

EUR/USD

Analysis:

On the chart of the pan-European currency for the entire past year, the main vector of movement is set by an upward wave. Since the beginning of the current year, the price has been adjusted. The bullish section from March 31 is approaching the limit level, above which the movement will go beyond the correction.

Forecast:

The upward trend is expected to continue in the near future. Before the final upward dash, a flat is likely. A short-term decline to the support zone is not excluded.

Potential reversal zones

Resistance:

- 1.2120/1.2150

Support:

- 1.2050/1.2020

Recommendations:

Trading transactions in the euro market today are more secure within the intraday. Until there are clear reversal signals, sales are premature. It is more reasonable to reduce the lot size.

AUD/USD

Analysis:

The Australian dollar chart is dominated by bullish momentum. Its last section started on April 1. The price is approaching the lower limit of a strong potential reversal zone.

Forecast:

In the coming day, there is a high probability of the end of the current price growth. In the area of resistance, you can expect the formation of a reversal and the beginning of a rebound of the course down. The boundaries of the expected daily price range are indicated by the calculated zones.

Potential reversal zones

Resistance:

- 0.7830/0.7860

Support:

- 0.7760/0.7730

Recommendations:

Purchases of the Australian dollar remain a priority. It is worth considering the limited potential for a price rise. Sales are risky and not recommended.

GBP/JPY

Analysis:

On the pair's chart, short-term fluctuations are set by the descending wave algorithm of February 25. The wave is corrective and has a complex structure in the form of a shifting plane. The ascending section from April 16 has not yet gained a reversal potential.

Forecast:

The local price rally is expected to end in the next trading sessions. During the European session, the formation of a reversal and a decrease in the pair's price is likely.

Potential reversal zones

Resistance:

- 152.00/152.30

Support:

- 151.20/150.90

Recommendations:

Trading on the pair's market today is possible only within the framework of individual trading sessions, with a fractional lot. Before the appearance of clear reversal signals, priority should be given to the pair's purchases.

Explanation: In simplified wave analysis (UVA), waves consist of 3 parts (A-B-C). The last incomplete wave is analyzed. The solid background of the arrows shows the formed structure, and the dotted one shows the expected movements.

Attention: The wave algorithm does not take into account the duration of the tool movements in time!

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