EUR/USD
Analysis:
On the 4-hour chart of the major European currency pair, an upward trend has been developing since the end of January this year. In recent weeks, a corrective part (B) has been forming within the wave structure. At present, quotes have reached the lower boundary of a strong potential reversal zone on the daily timeframe.
Forecast:
In the coming week, price movements are expected to shift mainly into a sideways range. In the first half, a rise toward the calculated reversal zone is more likely. A reversal and change in direction can be expected closer to the weekend.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
- Buy: Quite risky. Trades are possible intraday with reduced position size.
- Sell: No conditions for such trades until confirmed reversal signals appear near resistance.
USD/JPY
Analysis:
The trend direction of the main Japanese yen pair has been defined by an upward wave since late January. Two weeks ago, the price reached the lower boundary of a strong potential reversal zone and is forming a corrective pullback. The unfinished correction from March 30 is currently shaping short-term sideways movement.
Forecast:
At the beginning of the week, price is expected to move along a strong higher-timeframe reversal zone, where resistance lies. Closer to the weekend, a change in direction is possible, creating conditions for a downward move toward the calculated support zone.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
- Sell: Premature until reversal signals appear near resistance.
- Buy: Limited potential and risky.
GBP/JPY
Analysis:
Over the past year, the movement of this cross has been driven by a bullish trend. The current wave segment has been developing since February 12. The final part (C) of the structure is forming but is not yet complete.
Forecast:
The pair is expected to continue upward movement within the defined price channel. A pullback toward support is possible early in the week. Later, conditions may form for renewed upward movement.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
- Sell: Not advisable until the current wave is fully completed.
- Buy: Possible with reduced position size during individual sessions. Upside is limited by resistance.
USD/CAD
Analysis:
Short-term prospects are guided by an unfinished bullish wave that started on January 30. Two weeks ago, the price began forming a correction from the lower boundary of a strong reversal zone. This correction is still incomplete.
Forecast:
At the start of the week, price is expected to move along the support boundaries, possibly briefly breaking below them. Afterward, a reversal and upward movement are likely. Increased volatility is more probable toward the weekend.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
- Sell: Quite risky; safer with reduced position size during individual sessions.
- Buy: Premature until confirmed reversal signals appear near support.
NZD/USD
Analysis:
Short-term fluctuations have been driven by a downward wave since late January. This wave structure is not yet complete. Over the past three weeks, price has been forming an extended sideways correction. Once it ends, the short-term downtrend is expected to resume.
Forecast:
In the coming days, continued price growth is most likely. Near the resistance zone, sideways movement may form, creating conditions for a directional shift. A decline is expected closer to the weekend.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
- Buy: Possible with reduced position size during individual sessions.
- Sell: Premature until confirmed signals appear near support.
Gold
Analysis:
The downward wave that started in January defined the boundaries of a strong weekly reversal zone. Over the past six weeks, price has been forming a shifting corrective range. Gold quotes are approaching the lower boundary of this reversal zone.
Forecast:
In the next couple of days, a general downward bias is expected, possibly pressuring support. After that, a reversal and renewed growth toward resistance levels may occur.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
- Sell: Risky; trades allowed with reduced size during individual sessions.
- Buy: Relevant only after confirmed reversal signals appear near support.
Notes: In simplified wave analysis (SWA), all waves consist of three parts (A–B–C). On each timeframe, the latest unfinished wave is analyzed. Dashed lines indicate expected movements.
Attention: The wave algorithm does not take into account the duration of price movements over time!
