You are here: Home > articles > Forex > Overview of AUD / JPY for the week of June 12 on simplified wave analysis
Overview of AUD / JPY for the week of June 12 on simplified wave analysis
June 12, 2018 11:23 pmVideo
Latest News
- Fed to keep policy tight for longer than markets view April 18, 2024
- Technical Analysis – BTCUSD drops to 6-week low as halving looms April 18, 2024
- Midweek Technical Look – EURUSD, US 500, WTI April 18, 2024
- Technical Analysis – AUDJPY pulls back but stays in uptrend April 18, 2024
- Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin from Sebastian Seliga April 18, 2024
- Video market update for April 18, 2024 April 18, 2024
- Technical Analysis – WTI oil futures exit sideways move to the downside April 18, 2024
- Market Comment – US dollar on the back foot as nervousness lingers in equity markets April 18, 2024
- Hot forecast for EUR/USD on April 18, 2024 April 18, 2024
- EUR/USD and GBP/USD: Technical analysis on April 18 April 18, 2024
- Trading plan for GBP/USD on April 18. Simple tips for beginners April 18, 2024
- Trading plan for EUR/USD on April 18. Simple tips for beginners April 18, 2024
- The Fed and global instability: a double blow to American markets April 18, 2024
- Forecast for EUR/USD on April 18, 2024 April 18, 2024
- Forecast for GBP/USD on April 18, 2024 April 18, 2024
- Forecast for AUD/USD on April 18, 2024 April 18, 2024
- Outlook for GBP/USD on April 18. Pound was not impressed by the inflation data April 18, 2024
- Outlook for EUR/USD on April 18. Euro has fallen into a new flat April 18, 2024
- GBP/USD. Correction or trend reversal? April 18, 2024
- The FOMC will not lower rates in 2024 April 18, 2024
Wave picture of the chart H4:
The descending wave of January 5 forms the final part (C) in a larger wave structure. In the structure of the wave in recent months, a correction is being formed.
The wave pattern of the graph H1:
The wave scale from March 23 slightly exceeds the level of the hourly time frame. In recent weeks, the final part of the wave (C) is actively developing.
The wave pattern of the M15 chart:
In the rising wave of May 30, the first two parts (A-B) were formed.
Recommended trading strategy:
Sales are not recommended. For all trading styles of traders, it makes sense to track the signals for buying a tool. The potential of the upward movement can be very high.
Resistance zones:
– 84.30 / 84.80
– 85.90 / 86.40
Support zones:
– 83.00 / 82.50
Explanations to the figures: In a simplified wave analysis, waves consisting of 3 parts (A-B-C) are used. In the analysis, 3 main TFs participate, on each one the last incomplete wave is analyzed. Zones show the calculated areas with the greatest probability of a turn.
Arrows indicate the wave counting according to the technique used by the author. The solid background shows the generated structure, the dotted – the expected movements.
Attention: The wave algorithm does not take into account the duration of the tool movements in time. To conduct a trade transaction, you need confirmation signals from your trading systems!
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: