Black Pipper

Forex Dreamers

Simplified wave analysis and forecast of EUR / USD, AUD / USD, GBP / JPY, USD / CAD for April 26

EUR/USD

Analysis:

Since March last year, the direction
the trend of the common European currency sets
bullish wave algorithm. Rising wave
from March 31st has reversal potential.
It gave rise to a new section along the trend. The structure of the movement has an impulsive
view.

Forecast:

The next day is expected to continue
current upward direction of movement.
In the European session, a short-term
flat. A decrease in the area of ​​support is not excluded.
An active growth phase is likely at the end
days or tomorrow.

Potential reversal areas

Resistance:

— 1.2230/1.2250

— 1.2140/1.2170

Support:

— 1.2080/1.2050

Recommendations:

In the next day on the euro market
in trade transactions will remain priority
buying a tool. Sales can be
unprofitable and not recommended.

AUD/USD

Analysis:

The entire past year period
Australian dollar major quotes
a powerful impulse moved upwards. For
the last 4 months, the pair price has been moving
sideways, along the strong zone of the potential
large-scale reversal. Happy April, 1
started a new section on the main
direction.

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Forecast:

Relocation is expected today
pair prices in the corridor between the nearest
opposite zones, mainly with
ascending vector. Activity over
likely at the end of the day.

Potential reversal areas

Resistance:

— 0.7820/0.7850

Support:

— 0.7750/0.7720

Recommendations:

Trading on the Australian market today
safer within intraday. In priority
pair purchases. Trading lot in deals is smarter
reduce.

GBP/JPY

Analysis:

From the end of February on the chart
cross pound / yen forming complex
horizontal corrective wave.
Its structure looks like a sliding
plane. Currently the price of the pair is
is in an area of ​​strong support. The final round started on April 20
section of movement down. Within it from the end
last week, a rollback is developing.

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Forecast:

In the coming sessions, the most
the price movement is likely to be flat,
with a common ascending vector. Upon reaching
resistance zone is expected to form
reversal and the beginning of the price decline.

Potential reversal areas

Resistance:

— 150.30/150.60

Support:

— 149.40/149.10

Recommendations:

Trading the cross market today
possible only within individual sessions.
When shopping, please consider the limited
growth potential. After the emergence of clear
it is recommended to track reversal signs
signals of your trading systems for selling
tool.

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USD / CAD

Analysis:

On the chart of the major Canadian
dollar since March last year the main
the course of movement sets a downward impulse.
Three months ago, the price reached the borders
strong reversal zone. Unfinished
small scale wave counts
from February 26. In the final part
(C) the whole past week was formed
flat rollback.

Also read  General analysis and forecast of GBP / USD for today, April 22, 2021

Forecast:

Today it is expected mainly
sideways price movement rate. After the pressure
for support, you can expect a change in the vector,
with a rise in prices in the area of ​​the resistance zone.
By the end of the day or tomorrow, completion is likely
flat and a repeated attempt to decline.

Potential reversal areas

Resistance:

— 1.2530/1.2560

Support:

— 1.2450/1.2420

Recommendations:

In the current environment, trading activity
it is better to limit the scope of individual sessions.
Until clear reversal signals appear
the priority is to sell the pair with a fractional lot.

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Explanations: In simplified wave analysis (UVA)
waves consist of 3 parts (A-B-C). Analyzed
the last unfinished wave. Solid
the background of the arrows shows the formed
structure, dotted line – expected movements.

Attention: Wave algorithm ignores duration
tool movements in time!

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