FX.co ★ Simplified wave analysis and forecast of GBP/USD, AUD/USD, USD/CHF, USD/CAD for February 25

GBP/USD

Analysis:

Price fluctuations of recent days have changed the current wave marking of the British pound chart. Since January 13, there has been a distinct wave zigzag in the direction of the dominant downward trend since last year. Since yesterday, the price has been rolling up, at the time of analysis, without going beyond the correction of the last part (C).

Forecast:

The upward vector is expected to continue in the next trading session. Further, there is a high probability of the movement moving into the lateral plane. You can count on a downward vector, with a decrease in the area of calculated support.

Potential reversal zones

Resistance:

- 1.3460/1.3490

Support:

- 1.3360/1.3330

Recommendations:

On the next day, trading on the British pound market carries an increased risk. After the appearance of confirmed reversal signals, short-term sales from the resistance zone are possible.

AUD/USD

Analysis:

The current wave design of the Australian dollar chart dated January 28 is directed to the "north". Yesterday's price fluctuations completed the correction part of the structure (B). The rising wave that started in the American session has a reversal potential.

Forecast:

During the current day, a gradual rise in the price is expected from the support zone to the area of the calculated resistance. A breakthrough of the further indicated price boundaries is unlikely in the near future.

Potential reversal zones

Resistance:

- 0.7230/0.7260

Support:

- 0.7160/0.7130

Recommendations:

There are no conditions on the pair's market for sale today. It is recommended to track reversal signals in the area of the support zone to buy the instrument.

USD/CHF

Analysis:

Within the framework of the main down-wave, the development of the descending wave section has been continuing since January 27. Analysis of its structure shows a correction, in the form of a stretched plane. This section looks completed at the time of analysis. The downward movement that began yesterday has a reversal potential and may be the beginning of the final part (C) of the current wave.

Forecast:

Today, the price is expected to move between the nearest zones in the opposite direction. In the first half of the day, the pair's rate is likely to rise to the upper limit of the corridor. At the end of the day or tomorrow, you can expect a reversal and a decrease in the price to the support area.

Potential reversal zones

Resistance:

- 0.9260/0.9290

Support:

- 0.9200/0.9170

Recommendations:

Trading on the franc market in the near future may be profitable within the framework of individual trading sessions, in fractional lots. Sales will become possible after the appearance of confirmed reversal signals in the resistance area.

USD/CAD

Analysis:

The direction of the trend in the short term is set by the algorithm of the rising wave of May 18 last year. The unfinished section has been counting since January 13. As a result of the price rise, the quotes reached the lower limit of the reversal zone of a large TF. Since yesterday, the price has been rolling down.

Forecast:

Over the next day, the completion of the downward course, a reversal, and the resumption of the price rise is expected. The upper limit of the expected daily course of the pair is indicated by the calculated resistance.

Potential reversal zones

Resistance:

- 1.2840/1.2870

Support:

- 1.2770/1.2740

Recommendations:

Short-term fractional lot purchases are possible on the pair's market today. It is recommended to wait in the area of the support zone for confirmed reversal signals on the vehicles you use.

Explanations: 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 one shows the expected movements.

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