EUR/USD, GBP/USD, USD/JPY. Simplified wave analysis and forecast for April 24

EUR/USD

The downward wave structure continues to form on the euro chart from March 20. The first 2 parts are formed in its structure. In the final part (C), an internal zigzag is formed.

Forecast:

Before the final breakthrough down the price, it is necessary to work out a counter rollback. The maximum calculated level of the rise is within the resistance zone.

Recommendations:

Given that the upcoming price growth goes against the trend direction of the main wave, euro purchases are risky. At the same time, a sharp increase in volatility cannot be ruled out. In transactions, it is worth reducing the lot and operating with the smallest TF. Completion of the rollback will be a good starting point for opening short positions.

Resistance zones:

- 1.1295 / 1.1325

Support zones:

- 1.1220 / 1.1190

GBP/USD

As seen on the chart of the pound, a complex bearish wave develops, which takes the place of correction in a larger wave formation. The final part is formed in the structure. The rollback phase yesterday was over.

Forecast:

Until the end of the week, the main vector of the price movement of the pound will be a downward move. On small TF quotes, the pair formed the first part of the upward rollback, the completion of which is worth waiting for in the upcoming sessions.

Recommendations:

The upcoming rate rise is expected to be no further than the upper level of the resistance zone. Price fluctuations today can create very good conditions for the opening of transactions for the sale of the instrument. The active phase of the decline is possible at the end of the day or tomorrow.

Resistance zones:

- 1.2950 / 1.2980

Support zones:

- 1.2850 / 1.2820

USD/JPY

As seen on the chart of the yen, a bullish wave is formed with very high movement potential from March 35. For analysis and trading, its last section, dated April 10, is of interest. In the structure of this wave, the first 2 parts (A + B) are fully completed.

Forecast:

Since yesterday, a distinct reversal pattern has been formed on the chart of the pair, preceding the start of intensive price growth. A downward pullback is formed, which can stretch over the entire current day. Reversal and the beginning of growth are more likely tomorrow.

Recommendations:

The pair's sales are irrelevant. In the area of settlement support, it is recommended to monitor the signals of instrument purchase generated on your vehicle. A sharp increase in volatility cannot be ruled out before a change of course.

Resistance zones:

- 112.90 / 113.20

- 112.00 / 112.30

Support zones:

- 111.70 / 111.40

Explanations to the figures: Waves in the simplified wave analysis consist of 3 parts (A – B – C). The last unfinished wave is analyzed. Zones show areas with the highest probability of reversal. The arrows indicate the wave marking according to the method used by the author, the solid background is the formed structure, the dotted ones are the expected movements.

Note: The wave algorithm does not take into account the duration of tool movements over time.

The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD, GBP/USD, USD/JPY. Simplified wave analysis and forecast for April 23

EUR/USD

The downward wave model of March 20 is developing on the euro chart. It corrects the area of the bullish trend, so the potential for decline is expected to be small. In the structure, an intermediate rollback is formed within the framework of the final part (C).

Forecast:

The forthcoming price move up is estimated in the range of the price chart. A short-term decline is expected in the morning. A breakthrough of the lower limit of the support zone is unlikely. The growth phase can be expected at the end of the day or tomorrow.

Recommendations:

In the area of settlement support, supporters of short-term intraday transactions can look for signals to buy a pair. It is necessary to take into account the correctional nature of the entire rise. For longer trading, you need to wait for the completion of the price rise and look for signals to sell the instrument.

Resistance zones:

- 1.1295 / 1.1325

Support zones:

- 1.1230 / 1.1200

GBP/USD

As seen on the chart of the pair in the last month, the price moves mainly sideways, forming a bearish wave of correction. The final part (C) is not enough to complete the whole structure. In its framework, since the end of last week, an intermediate rollback has been developing.

Forecast:

The internal structure of the current rise in recent days indicates the upcoming price spurt up. The potential for growth is expected no further than the daily average of the pair. Then you can count on a repeated decline.

Recommendations:

Purchases can be recommended only to supporters of intrasessional trade. It is safer to wait out the rollback phase and look for short-trade entry signals in the area of the resistance zone.

Resistance zones:

- 1.3030 / 1.3060

Support zones:

- 1.2980 / 1.2950

USD/JPY

As seen on the H1 chart, the upward wave of March 25 is not over. It forms the last part in a larger-scale bullish construction. Intermediate downward rollback completed. The wave structure lacks a final price spurt upward.

Forecast:

The chart has all the conditions for the beginning of the active phase of growth. The price rise that began in the Asian session has a reversal potential. In the next session, there is a high probability of a repeated rollback down

Recommendations:

Sales in the coming days are becoming irrelevant. When the price approaches the support zone, it is recommended to monitor the signals of buying the pair. The nearest resistance zone can limit the daily range of the pair.

Resistance zones:

- 112.90 / 113.20

- 112.00 / 112.30

Support zones:

- 111.70 / 111.40

Explanations for the figures: Waves in the simplified wave analysis consist of 3 parts (A – B – C). The last unfinished wave is analyzed. Zones show areas with the highest probability of reversal. The arrows indicate the wave marking according to the method used by the author, the solid background is the formed structure, the dotted ones are the expected movements.

Note: The wave algorithm does not take into account the duration of tool movements over time.

The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD, GBP/USD, AUD/USD. Simplified wave analysis and forecast for April 22

EUR/USD

The unfinished wave of the euro started on March 20th. In the bearish construction, the first parts (A + B=B) are completed, the zigzag of the final part (C) is formed. The price is at the upper limit of strong support.

Forecast:

Before the end of the middle part of the current wave, the price needs to work out a rebound upwards. The most probable site of the forthcoming rise is in the area of settlement resistance. Before the start of price growth today, a rebound in the price is not out of the question.

Recommendations:

Sales of euros in the next day are high-risk. With intraday trading style, traders are advised to track reversal signals to search for entry into long positions.

Resistance zones:

- 1.1295 / 1.1325

Support zones:

- 1.1230 / 1.1200

GBP/USD

In the short term, on the British pound chart from March 13, a downward wave is developing. It has a pronounced correctional nature. At present, the first parts of the wave structure have been formed. Last week's price breakout gave rise to the final part.

Forecast:

Before an active price breakthrough, the price needs to work out an intermediate pullback. In the upcoming trading sessions, a flat mood of the pair's fluctuations between the nearest price zones is expected.

Recommendations:

The upcoming price rise of the pound has a small potential for movement, so purchases are possible only on the smallest TF within the "scalping". Trading on a larger scale is recommended to refrain from entering the market of the pair and wait for the completion of the upcoming price rollback.

Resistance zones:

- 1.3030 / 1.3060

Support zones:

- 1.2980 / 1.2950

AUD/USD

The last unfinished wave model "Aussie" is a bearish one of January 31st. The first part (A) is formed in the wave structure, from March 8 an upward correction is formed (B). Last week, the price reached the estimated milestone of completion. The structure of the bull wave looks completely finished, the proportions of all parts are observed. There are no reversal signals yet.

Forecast:

The decline that began on April 17 with a high probability can become a reversal structure before the change of the course of the interday trend. The price reached the support zone. In the coming sessions, an upward trend is expected, with a re-rise of quotations in the area of the resistance zone.

Recommendations:

Within the framework of intra-session trading, the pair purchases will be relevant today, while it is more reasonable to reduce the lot. To open longer trades, it is recommended to refrain from entering the market and wait for confirming reversal signals.

Resistance zones:

- 0.7200 / 0.7230

Support zones:

- 0.7140 / 0.7110

Explanations to the figures: Waves in the simplified wave analysis consist of 3 parts (A – B – C). The last unfinished wave is analyzed. Zones show areas with the highest probability of reversal. The arrows indicate the wave marking according to the method used by the author, the solid background is the formed structure, the dotted ones are the expected movements.

Note: The wave algorithm does not take into account the duration of tool movements over time.

The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD, GBP/USD, USD/JPY. Simplified wave analysis and forecast for April 18

EUR/USD

The trend rate of intraday fluctuations of the euro major is set by the bearish wave of March 20. The nature of the movements is corrective. The structure lacks the final downward part. The price is near the lower boundary of the potential reversal zone.

Forecast:

Preparations for changing the intersessional trend of the euro is nearing completion. The flat fluctuations of the last 3 days have formed a reversal structure, which can continue with a price reduction already at the next trading sessions. The probability of a short-term price increase is not excluded. The expected swing down is estimated at around one and a half price figures.

Recommendations:

For purchasing conditions in the next day is not created. In the area of resistance, traders are advised to monitor the pair's sell signals.

Resistance zones:

- 1.1320 / 1.1350

Support zones:

- 1.1260 / 1.1230

GBP/USD

The price fluctuations of the pound over the last month have a pronounced flat character, forming a horizontal triangle on the chart. The structure of the last bearish wave of March 13 is developing according to a clear algorithm, which lacks the final part. The middle part of the wave (B) is fully formed.

Forecast:

The price is at the lower limit of the converging flat corridor, which can be broken in the next day. Before the active phase of decline, there is a high probability of a sharp increase in volatility, with a short-term rise in the price to the resistance zone. Given the pre-holiday day, the pair's market activity may move to the beginning of next week.

Recommendations:

Buying a major pair of pounds in the coming days is unpromising, even on small TF. The downward mood dominates, so it is recommended to focus on searching for sell signals.

Resistance zones:

- 1.3065 / 1.3095

Support zones:

- 1.3000 / 1.2970

USD/JPY

The unfinished wave of the Japanese yen is starting from March 25th. It completes a larger upward wave zigzag, which allows us to expect a quick transition of the current price increase to a larger scale. The structure tracks the first parts (A + B), completes the correctional rollback within the final part (C).

Forecast:

With a high probability, the current flat will continue today in the last days. The completion of the corrective phase is expected in the area of calculated support. The beginning of the price rise can be expected no earlier than tomorrow.

Recommendations:

It is recommended to refrain from trading in the market of the pair until the end of the current flat phase of the movement. When the price reaches the support zone, you should pay attention to the reversal signals in order to search for signals of entry into long positions.

Resistance zones:

- 112.90 / 113.20

- 112.00 / 112.30

Support zones:

- 111.70 / 111.40

Explanations for the figures: Waves in the simplified wave analysis consist of 3 parts (A – B – C). The last unfinished wave is analyzed. Zones show areas with the highest probability of reversal. The arrows indicate the wave marking according to the method used by the author, the solid background is the formed structure, the dotted ones are the expected movements.

Note: The wave algorithm does not take into account the duration of tool movements over time.

The material has been provided by InstaForex Company - www.instaforex.com

EUR/USD, GBP/USD, GOLD. Simplified wave analysis and forecast for April 16

EUR/USD

The direction of the intersessional trend of the euro fits into the bear wave algorithm of March 20. This section forms the correction of the first part of the upward wave of a larger scale, therefore the nature of price fluctuations is flat. The middle part (B) is completed.

Forecast:

The nature of the price movement may be similar to yesterday's day. Before the turn, you need to count on a short-term price increase, possibly with a puncture of the upper boundary of the resistance zone.

Recommendations:

The potential for euro price growth has been exhausted, so purchases are very risky. Prior to the emergence of clear reversal signals, traders are not recommended to take action to enter the pair's market.

Resistance zone:

- 1.1320 / 1.1350

Support zone:

- 1.1260 / 1.1230

GBP/USD

The price fluctuations of the pound in the last 3 weeks form a horizontal pennant, forming a correction in the bearish wave of March 13. The structure of the bullish movement seems to be finished. The price is at the bottom of the powerful zone of a potential reversal.

Forecast:

On the chart, all the conditions for completing the current flat and returning to the downward motion vector are fulfilled. It's probably a matter of days. Before the reversal, you can expect the price to rebound to the lower limit of the resistance zone.

Recommendations:

In the area of calculated resistance, it is recommended to track the signals of your vehicle for the sale of a pair. The support zone will limit the daily volatility of the instrument.

Resistance zone:

- 1.3120 / 1.3150

Support zone:

- 1.3000 / 1.2970

GOLD

Starting from March 3, the price quotations of gold form a flat figure on the chart that most resembles a "standard plane". There is a high probability of truncation and the formation of a "pennant". The wave was fully formed the first part (A + B). Since April 4, the wave zigzag of the final part (C) has been developing.

Forecast:

The decline has reached the estimated end zone, but there are no signals of the rate change on the chart. There is a possibility of breaking the lower limit of the support zone.

Recommendations:

Sales have exhausted their potential, so the next day will be irrelevant. It is not recommended to enter the market until the confirmation signals of the exchange rate appear. The main attention should be paid to the signals of buying the instrument.

Resistance zone:

- 1305.0 / 1310.0

Support zone:

- 1285.0 / 1280.0

Explanations for the figures: Waves in the simplified wave analysis consist of 3 parts (A – B – C). The last unfinished wave is analyzed. Zones show areas with the highest probability of reversal. The arrows indicate the wave marking according to the method used by the author, the solid background is the formed structure, the dotted ones are the expected movements.

Note: The wave algorithm does not take into account the duration of tool movements over time.

The material has been provided by InstaForex Company - www.instaforex.com