EUR/USD
Analysis:The upward trend in the main euro pair, which began in February this year, has brought the quotes to the lower boundary of a broad potential reversal zone on the weekly timeframe. Since mid-last month, price movement has mostly been sideways along the lower boundary. A counter-correction to the latest trend segment is forming within the wave structure.
Forecast: A continuation of the general sideways movement is expected in the coming days, within a price channel between the nearest counter-direction zones. A flat upward movement is likely in the first half of the week, possibly reaching the resistance zone. A resumption of the downward movement may follow by the end of the week.
Potential Reversal Zones
- Resistance: 1.1690/1.1740
- Support: 1.1500/1.1450
Recommendations:
- Buying: Possible with small volume sizes; high risk.
- Selling: Preferable after confirmed reversal signals near resistance.
USD/JPY
Analysis: The quotes of the yen pair continue to form the upward structure that began in August of last year. Since April, the final wave segment (C) has been forming, which appears near completion at the time of analysis.
Forecast: A full completion of the upward vector is expected near the calculated resistance area in the coming days. A sideways movement is possible early in the week, followed by a decline toward the support area. Volatility may increase mid- to late week, along with a possible trend reversal, potentially including a brief breakout below the support range.
Potential Reversal Zones
- Resistance: 150.00/150.50
- Support: 147.70/147.20
Recommendations:
- Selling: Low potential, high risk.
- Buying: May become relevant after reversal signals appear near resistance using your chosen trading system.
GBP/JPY
Analysis: The trend in the GBP/JPY pair has been upward over the past year. The current wave, which began on April 9, is corrective and in its final phase.
Forecast: The upward movement is expected to continue through the upcoming week, potentially reaching the resistance zone. Sideways movement near support is likely in the early days. A renewed upward movement could follow by week's end, with volatility rising. Reversal timing may align with the release of key news events.
Potential Reversal Zones
- Resistance: 201.70/202.20
- Support: 199.30/198.80
Recommendations:
- Sells: Conditions are unfavorable; high risk of loss.
- Buys: Can be considered after confirmed signals near the calculated support zone.
USD/CAD
Analysis:A bearish wave continues to form in the USD/CAD pair, starting in February this year. Since April, a corrective segment (B) has been developing as a shifting flat. As of this analysis, the structure is incomplete.
Forecast:Sideways movement is expected throughout the week. A downward vector is more likely in the near term, potentially reaching the calculated support area. A reversal and resumption of upward movement could follow. A breakout beyond the price corridor this week is unlikely.
Potential Reversal Zones
- Resistance: 1.3820/1.3870
- Support: 1.3670/1.3620
Recommendations:
- Buying: Relevant after confirmed reversal signals near support.
- Selling: Possible during individual sessions but limited by resistance.
NZD/USD
Brief Analysis: Since April, the NZD/USD pair has been forming an upward wave with reversal potential. Over the last three months, price has mostly moved sideways, forming an extended corrective flat. The final segment of the structure is still missing.
Weekly Forecast: Sideways movement with a downward bias is expected. A short-term range-bound movement may occur early in the week, staying below resistance. A reversal and renewed decline are expected later. Volatility is likely to peak closer to the weekend.
Potential Reversal Zones
- Resistance: 0.5980/0.6030
- Support: 0.5860/0.5810
Recommendations:
- Buying: Limited potential, elevated risk.
- Selling: May become the primary strategy after confirmed reversal signals.
GOLD
Analysis: Since April, a sideways flat formation resembling a "pennant" has been developing on the gold chart. The current upward leg, which began on June 30, is incomplete. A pullback is forming from a major potential reversal zone on the higher timeframe.
Forecast: Gold prices are expected to move sideways in the early part of the week near the support zone. A bullish reversal is anticipated in the second half, potentially lifting prices to the calculated resistance area.
Potential Reversal Zones
- Resistance: 3390.0/3410.0
- Support: 3330.0/3310.0
Recommendations:
- Buying: Possible after confirmed signals near support.
- Selling: Risky and may lead to losses.
Note: In simplified wave analysis (SWA), all waves consist of 3 parts (A-B-C). Only the last incomplete wave is analyzed on each timeframe. Dashed lines indicate expected movements.
Caution: This method does not take into account the time duration of price movements.
