empty
 
 
cn
支持
即时开户
交易平台
入金/出金

21.08.202010:11 Forex Analysis & Reviews: Simplified wave analysis and forecast for EUR/USD and USD/JPY on August 21

EUR/USD

Analysis:

The direction of the trend of the European currency since mid-March is set by the algorithm of the rising wave from March 20. The growth of the pair brought the price within the boundaries of a wide reversal zone of a large scale. In the last 3 weeks, the quotes form a stretched plane. The wave structure doesn't look complete.

Forecast:

In the coming day, it is expected to complete the rollback that began yesterday, turn around and return to the downward movement vector. Long-range support shows the expected end zone of the entire current correction.

Potential reversal zones

Resistance:

- 1.1870/1.1900

Support:

- 1.1810/1.1780

- 1.1720/1.1690

Recommendations:

The current decline is against the direction of the euro trend. Intraday supporters can make short-term sales. The optimal tactic is to refrain from trading during the correction, with the search for buy signals at the end of it.

Exchange Rates 21.08.2020 analysis

USD/JPY

Analysis:

The direction of the short-term trend of the Japanese yen is set by the algorithm of the downward wave from June 5, which completes a larger bearish structure. In its structure, the final part (C) has been developing since August 12. In the last 2 days, the price formed an intermediate pullback.

Forecast:

In the coming day, we expect the end of the upward movement rate, a reversal and the beginning of a downward price move. The near-term support may delay the rate of decline. Most activity is likely at the end of the day.

Potential reversal zones

Resistance:

- 106.00/106.30

Support:

- 105.30/105.00

- 104.50/104.20

Recommendations:

Buying a pair today can be unprofitable. It is recommended to focus on searching for sales signals.

Exchange Rates 21.08.2020 analysis

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

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

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Isabel Clark,
Analytical expert of InstaSpot
© 2007-2024
立即从分析师的建议受益
充值交易账户
开设交易账户

InstaSpot分析评论将让您充分了解市场趋势! 作为InstaSpot的客户,您将获得大量的免费服务以实现有效的交易。

现在无法通话?
提出您的问题,用 在线帮助.