25.10.2021 09:47 Analytical Forex Reviews: Simplified Wave Analysis and Forecast EUR / USD, USD / JPY, GBP / JPY, GOLD on October 25

Traders Forex Reviews Wave Analysis

25.10.202109: 47,10110 Analytical Reviews Forex: Simplified Wave Analysis and Forecast EUR / USD, USD / JPY, GBP / JPY, GOLD on October 25,

Relevance to 09:00 2021-10-26 UTC +2 EUR / USD Analysis: The trend of a major euro pair from the beginning of the current year is set by a descending wave. The upstream portion of September 30 is not beyond the correction framework. The price reached the lower boundary of the strong resistance zone. Forecast: In the nearest sessions, it is expected to continue general ascending vector vector. The border of the daily move shows the zone of estimated resistance. In the first half of the day, a certain decline in the course is not extended, prevente the support zone. Potential reversal zones Resistance: – 1.1680 / 1.1710 Support: – 1.1620 / 1.1590 Recommendations: Trade in the Euro market today is quite risky today. It is recommended to refrain from entering the market until the end of the current rollback down. The most promising to buy a pair Recovery area. USD / JPY Analysis: As a result of the ascending trend, the quotes of Japanese yen reached the boundaries of a strong reversal zone of large TF. From October 15, the price is adjusted in the side plane. Forecast: In the coming day, it is expected to continue the overall descending vector of movement. In the first half of the day, a short-term rise course is not excluded. The lower limit of daily movement shows the calculated support. Potential zones Rezorning Resistance: – 113.80 / 114.10 Support: – 113.20 / 112.90 Recommendations: For purchases On the Japanese yen market, there are no conditions today. From the resistance zone, short-term sales of fractional lot are possible. GBP / JPY Analysis: In the market of the pound / yen’s cross pair continues. After breaking through the strong resistance zone, this site has become supported. All the last decade of the price forms an intermediate rollback. Began October 22, the upstream area has a reversal potential. Forecast: In the upcoming session, the likelihood of price rollback to the area of ​​support zone is high. At the end of the day or tomorrow you can wait for the increase in the volatility and the resumption of price growth. Potential reversal zones Resistance: – 157.00 / 157.30 Support: – 156.00 / 155.70 Recommendations: Sales in the cross market are risky and not recommended. The focus is offered Perform the search for signals to purchase in the settlement area. Gold Analysis: Perspective direction for the movement of the Gold course sets upward wave of August 9. From September 29, its final site started. After contact with a strong resistance, the price rolls down. Forecast: In the current day, the price is expected to move between the nearest zones. After the pressure attempt on the resistance zone is likely to change the vector and lower prices to the support zone. Zones of potential reversal Resistance: – 1800.0 / 1805.0 Support: – 1775.0 1770.0 Recommendations: Today, gold trading is possible only with a small lot, as part of individual trading sessions. More promising sales from resistance zone. Explanations: In a simplified wave analysis (Uv), the waves consist of 3 parts (A-B-C). The last unfinished wave is analyzed. A solid background of the arrows is shown formed structure, dotted – Expected movements. Attention: The wave algorithm does not take into account the duration of the movements of the time tool! * The presented market analysis is informative and is not a guide to the transaction. Regards, Analyst InstaForex Vyacheslav Fight © 2007-2021