GBP/USD
Analysis:
On the short-term chart, a bearish trend has been forming for the British pound major since January of this year. Over the past month, an extended corrective flat (B) has been developing within the wave structure. Quotes have reached the upper boundary of a potential reversal zone on the daily timeframe. The structure appears complete, but there are no clear signals of an imminent reversal yet.
Forecast:
In the coming couple of days, sideways movement is expected. Pressure on resistance is possible. Afterward, a reversal and downward movement are likely. The expected lower boundary for the week is the calculated support level.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
- Buy: No meaningful potential.
- Sell: Will become possible after confirmed reversal signals appear near resistance.
AUD/USD
Analysis:
Since last spring, the main direction of the Australian dollar pair has been driven by an upward wave. Since late January, a corrective wave has been developing against the main trend. Its structure is not yet complete. The price is approaching a strong higher-timeframe reversal zone.
Forecast:
During the upcoming week, a gradual move from resistance toward support is expected. In the first days, brief pressure on resistance is possible. A reversal and downward movement are more likely toward the end of the week.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
- Buy: High risk, low potential.
- Sell: Can be considered after confirmed reversal signals appear near resistance.
USD/CHF
Analysis:
In the short term, the current wave of the Swiss franc has been upward since April last year, correcting a larger bearish structure on the weekly timeframe. The wave is in its final phase. The lower boundary of a strong large-scale reversal zone lies near the calculated resistance.
Forecast:
During the coming week, the downward movement is expected to complete, followed by the start of an upward move. In the next couple of days, a short-term pullback toward support is possible, but a breakdown below it is unlikely. The highest activity is expected toward the end of the week.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
- Sell: High risk and potentially unprofitable.
- Buy: Will become relevant after confirmed reversal signals appear near support.
EUR/JPY
Analysis:
In the long term, an upward trend dominates the EUR/JPY chart. The current unfinished segment has been developing since February 12. The price is approaching the lower boundary of a large-scale reversal zone. A cluster of reversal levels from multiple timeframes is located near resistance.
Forecast:
Over the next 1–2 days, sideways movement or a slight downward bias is expected. In the second half of the week, volatility may increase, with price rising toward the resistance zone.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
- Buy: Possible with reduced position size during individual sessions; limited upside.
- Sell: Only after confirmed signals appear near resistance.
AUD/JPY
Analysis:
The unfinished wave structure of the AUD/JPY pair has been developing since June last year with an upward direction. The current segment of the trend has been forming since January 26. The final part (C) is currently developing. Quotes are near the lower boundary of a strong large-scale reversal zone.
Forecast:
At the beginning of the week, sideways movement along resistance is likely. Afterward, increased volatility and a downward move toward support can be expected.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
- Buy: Possible with reduced position size during individual sessions; upside limited by resistance.
- Sell: Premature until confirmed reversal signals appear in the reversal zone.
EUR/GBP
Brief Analysis:
Since March 19, the movement of the EUR/GBP pair has been defined by a downward wave developing in a sideways pattern. The beginning of the final part (C) of a zigzag structure is forming. The calculated resistance zone lies near the lower boundary of a large weekly reversal zone.
Weekly Forecast:
The downward move may complete within the next couple of days. Near support, a transition into sideways movement is likely. By the end of the week, an upward move may begin.
Potential Reversal Zones
Resistance:
Support:
Recommendations:
- Sell: Possible intraday with reduced position size; downside limited by support.
- Buy: Can be considered after confirmed reversal signals appear in the reversal zone.
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!
