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10.12.202109:36 विदेशी मुद्रा विश्लेषण और समीक्षा: EUR/USD, USD/JPY, GBP/JPY, GOLD simplified wave analysis and outlook for December 10

EUR/USD

Analysis:

Earlier this year, a downward wave zigzag began on the euro chart. Quotes have reached a cluster of different scale zones. Since the middle of last month, the price has been moving sideways, forming an intermediate-term correction.

Outlook:

The pair's current flat mood is expected to continue in the coming day. Most likely, the price will move within the counter-zone bounded price corridor. In the first half of the day, an upward vector can be expected.

Potential reversal zones

Resistance:

- 1.1350/1.1380

Support:

- 1.1280/1.1250

Recommendations:

Euro market trades today can only be profitable within individual trading sessions. It is advisable to reduce the lot size to minimize the risk. Selling will be possible after the occurrence of unambiguous signals of a reversal in the area of calculated resistance.

Exchange Rates 10.12.2021 analysis

USD/JPY

Analysis:

The overall dominant direction of the Japanese Yen since January this year is set by an ascending wave algorithm. After reaching the potential reversal zone since October 15, the price went into the sideways drift, forming a stretched plane. The structure of this wave looks complete. The uptrend from November 30 could be the start of a reversal structure before another short-term reversal.

Outlook:

A continuation of the general sideways movement vector is expected today. During the European session, the pressure on the support area is likely, followed by the reversal and growth of the price to the resistance area.

Potential reversal zones

Resistance:

- 113.90/114.20

Support:

- 113.20/111.90

Recommendations:

Trading in the Japanese yen market today is possible in the intraday small lot. Buying from the support area is more promising.

Exchange Rates 10.12.2021 analysis

GBP/JPY

Analysis:

An extended bullish trend in the Pound/Yen cross has shifted the pair's quotations to a strong resistance zone. The price has been correcting downwards from this zone for a month and a half. The values reached the support zone. The uptrend that started on December 3 has no reversal potential at the time of analysis.

Outlook:

Over the next 24 hours, the price is expected to move in a sideways price corridor between the counter zones. During the European session, a downward vector is more likely. Change of the vector and the subsequent rise in the rate can be expected at the end of the day or tomorrow.

Potential reversal zones

Resistance:

- 150.50/150.80

Support:

- 149.50/149.20

Recommendations:

Trading with no trend is riskier and may be loss-making. Short-term trades are possible today according to the expected sequence. It is recommended to reduce the trading lot as much as possible.

Exchange Rates 10.12.2021 analysis

GOLD

Analysis:

The incomplete upward wave structure on the gold chart so far most closely resembles a shifting plane. A month ago, it began a downward section in its structure, which is still incomplete. During the last decade, the quotations are moving mainly sideways, forming a pullback.

Outlook:

Price is expected to move in a flat price corridor over the next 24 hours. After a possible pressure attempt on the support zone in the first half of the day, we can expect a change of course and a rise in the price to the resistance area.

Potential reversal zones

Resistance:

- 1790.0/1795.0

Support:

- 1760.0/1755.0

Recommendations:

Excessive trading activity in the gold market today could lead to deposit losses. It is recommended to refrain from trading until there are clear buy signals around the support zone.

Exchange Rates 10.12.2021 analysis

Explanation: In simplified wave analysis (SVA), waves consist of 3 parts (A-B-C). The last unfinished wave is analysed. The solid arrow background shows the structure formed. The dotted arrow shows the expected movements.

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

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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