empty
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

18.11.202009:02 Forex Analysis & Reviews: Simplified wave analysis and forecast for AUD/USD and EUR/JPY on November 18

AUD/USD

Analysis:

The Incomplete section of the upward trend starts from September 25. The structure has a distinct wave zigzag. The price has reached the lower limit of strong resistance, from which a correction has been formed since November 9.

Forecast:

In the next 24 hours, the downward movement is expected to end, a reversal and a repeated price increase. If the exchange rate changes, a short-term puncture of the lower support border is not excluded.

Potential reversal zones

Resistance:

- 0.7320/0.7350

Support:

- 0.7250/0.7220

Recommendations:

Trading the Australian dollar today is possible within the intraday with a reduced lot. Sales are risky. In the support area, it is recommended to track signals for buying a pair.

Exchange Rates 18.11.2020 analysis

EUR/JPY

Analysis:

A descending wave structure has been developing on the pair's chart since the beginning of summer, correcting the previous momentum. The movement is not complete. The price decline that started on November 9 has a reversal potential and may be the beginning of the final part (C) of the main wave.

Forecast:

Today, the downward trend is expected to end and reverse. Then you can count on price growth, up to the boundaries of the resistance zone.

Potential reversal zones

Resistance:

- 124.20/124.50

Support:

- 123.40/123.10

Recommendations:

Trading today is only possible within the intra-session style, with a reduced lot. At the European session, purchases of the instrument are more promising. After the rise is completed and the sale signals appear, you should change the trading vector.

Exchange Rates 18.11.2020 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 the arrows shows the formed structure, and the dotted background shows the expected movements.

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

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Isabel Clark,
Analytical expert of InstaSpot
© 2007-2025
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.