GBP/USD

Analysis:

The British pound continues its downward movement on the price chart, which started at the end of January this year. From a strong potential reversal zone, the pair's quotes bounced upward three weeks ago, creating a correction in the form of an elongated flat. The analysis of the structure of this wave indicates the formation of the final section (C).

Forecast:

In the upcoming week, an overall flat trend in the price movement of the British pound is expected, within a channel between the nearest opposing zones. In the first few days, an upward vector is more likely. Subsequently, around the calculated resistance zone, a reversal and the beginning of a decline to the support zone can be expected.

Potential Reversal Zones

Resistance:

1.3500/1.3550

Support:

1.3310/1.3260

Recommendations:

Buying: risky, possible using reduced volumes within individual sessions.

Selling: will become preferable after confirmed signals appear in the calculated resistance area.

AUD/USD

Analysis:

On the Australian dollar chart, a downward wave has been forming since the beginning of May this year. Over the past three weeks, the quotes have formed a horizontal corrective wave, which is nearing completion. The downward segment that started on July 14 has reversal potential.

Forecast:

At the beginning of the upcoming week, a sideways movement vector is expected, with an increase in price up to the resistance boundaries. Following this, a reversal and a resumption of downward price movement can be anticipated. A sharp increase in volatility with a brief breakout above the upper boundary of the calculated reversal zone is also possible when the trend changes.

Potential Reversal Zones

Resistance:

0.7020/0.7070

Support:

0.6900/0.6850

Recommendations:

Buying: has limited potential, carries high risk.

Selling: will become relevant after confirmed reversal signals appear in the resistance area.

USD/CHF

Analysis:

On the Swiss franc chart, a bullish wave that started at the beginning of the year continues to form. The unfinished segment of the main rate has been counting from May 11. Within this framework, a correction has been forming in the side flat over the last three weeks. The structure indicates that it is not yet complete.

Forecast:

In the upcoming week, a continuation of the overall sideways movement vector is expected. In the first few days, there may be brief pressure on the lower boundary of the support zone. A reversal and a resumption of price growth is likely closer to the weekend. A breakout of the quotes beyond the calculated zones is unlikely.

Potential Reversal Zones

Resistance:

0.8220/0.8270

Support:

0.8020/0.7980

Recommendations:

Selling: risky. Can only be used intraday in fractional volumes.

Buying: may become the main direction for trades after confirmed signals from your trading systems appear at the ends of opposing movements.

EUR/JPY

Analysis:

In the Euro/Japanese Yen pair market, the global trend in recent years has been set by a bullish trend. The ascending wave model from June 24 is currently unfinished. Over the last two weeks, the price has been drifting sideways along the next resistance level, forming an intermediate pullback. The structure of this wave has entered the final phase.

Forecast:

The first half of the upcoming week is expected to have an upward price movement direction. In the area of calculated resistance, a transition to a sideways flat movement and the formation of a reversal can be anticipated. A start of price decline is more likely toward the end of the week or in the following days.

Potential Reversal Zones

Resistance:

186.20/186.70

Support:

184.30/183.80

Recommendations:

Buying: risky. A conservative approach would be to refrain from entering the market.

Selling: can be used for trades after confirmed signals appear in the resistance area.

AUD/JPY

Analysis:

In the short term, the direction of the Australian dollar/Japanese yen pair has been determined by a downward wave algorithm since March this year. In the larger wave model, this segment has become a correction. The price is forming a moving flat on the chart in a sideways plane. At the moment of analysis, the structure of this wave does not show completeness.

Forecast:

At the beginning of the upcoming week, there is a high probability of an overall sideways price fluctuation vector for the pair. A decline toward the calculated support is possible. A resumption of price growth can be expected closer to the weekend. The calculated resistance runs along the lower boundary of the preliminary target zone for the entire current wave.

Potential Reversal Zones

Resistance:

115.50/116.00

Support:

112.70/112.20

Recommendations:

Selling: possible only intraday in small volumes. The potential is limited by support.

Buying: may become the main trading direction after confirmed reversal signals appear in the support area.

EUR/GBP

Analysis:

The price of the Euro/British Pound pair continues its downward movement that began in November last year. The unfinished segment of the main rate has been counting since May 18. The analysis of the structure indicates that this wave is close to completion. There are no signals of an imminent reversal on the chart.

Forecast:

In the next couple of days, a continuation of the downward movement vector is expected, with a reach towards the calculated support levels. In the second half of the week, a reversal and the beginning of an upward movement of the pair can be anticipated, up to the contact with the opposing zone.

Potential Reversal Zones

Resistance:

0.8620/0.8670

Support:

0.8440/0.8390

Recommendations:

Selling: has low potential and carries high risk.

Buying: may be considered after confirmed reversal signals appear in the calculated zone.

Notes: In the simplified wave analysis (SWA), all waves consist of three parts (A-B-C). The last unfinished wave is analyzed on each timeframe. Expected movements are shown as dotted lines.

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