Vending review on August 24, for the simplified wave analysis
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The EUR/USD with a forecast for the current day the Rising portion of the graph of major Euro forms the final part of a bullish correction scale. The wave has the appearance of a stretched plane. Given the perfection of the proportions of individual parts inside the waves and the achievement of pre-settlement zones, the chance of completion of wave models in the coming weeks is greatly increased.
Signals the beginning of change of trend on the chart is not observed. The width of The potential zone of the turn gives a price range of more than 2 figures price. Today, the most likely scenario will be a General flat attitude.
Growth in the first half of the day then will be replaced by a counter reduction. The magnitude of the diurnal down will limit the support area.
The borders of zones of resistance: — 1.1820/50
The borders of zones of support: — 1.1730/1.1700
Review of GBP/JPY for the current day Formed in October last year on the graph cross, the pound/yen upside, «Vympel» was broken down, despite the incompleteness theorems theorems of the current upward wave. Analysis of the structure indicates the testing of the final segment of the middle part of the wave (a). Breaking down is temporary.
After correcting the upward rate of movement will resume. A preliminary calculation of the reduction target, which began last month, indicates the area in the district 3-price figures lower than the current rate. At the time of analysis, the price depends on the area of support could be the basis for counter-recoil.
In the next trading sessions, the probability of changing the direction of movement and the growth of quotations of the pair. Break of the lower border of the support are possible, but the probability of this is small. The resistance area shows the upper bound of the expected daily volatility.
The borders of zones of resistance: — 140.50/80
The borders of zones of support: — 139.50/20
Explanation of the drawings: For the simplified wave analysis uses a simple form of a wave, combining 3 parts (A;B;C). Such waves consist of the enhancements and the most part of impulses. At each considered time frame analyzed is the last unfinished wave. Marked on charts of the area indicate the estimated areas in which the probability of changing the direction of movement is considerably increased. Arrows indicate wave structure used by the author to the method. Solid background arrows provided a structure for determining the expected wave motion.
Note: the Wave algorithm does not take into account the length of movement of the tool over time. The forecast is not a trading signal. To conduct a trade transaction requires confirming signals used by Your trading system.