You are here: Home > articles > Forex > Simplified Wave Analysis. EUR / USD review for the week of November
Simplified Wave Analysis. EUR / USD review for the week of November
November 19, 2018 8:24 amVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 19-22, 2024: sell below $2,395 (+2/8 Murray – overbought) April 19, 2024
- USD/JPY: Simple Trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- EUR/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: trading plan for the US session on April 19th (analysis of morning deals). The pound is trying to regain its advantage April 19, 2024
- EUR/USD: trading plan for the US session on April 19th (analysis of morning deals). The euro compensated for the losses April 19, 2024
- Storm in a teacup: EUR/USD analysis April 19, 2024
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
Wave pattern graphics H 4:
In the downward wave of the daytime scale dominating from the beginning of the year, the last wave design H4 from the middle of August forms an upward correction.
Wave pattern graphics H1:
From September 24, a bearish wave is formed. Its structure at the time of analysis looks complete. Moreover, the minimum goals have been achieved. The plot has become a correction (B).
Wave pattern graphics M15:
The high potential of the rising wave that began on November 12 indicates a change in the inter-day trend of the instrument. Over time, the movement will move to a larger scale. In the coming days there is a short-term pullback down.
Recommended trading strategy:
For supporters of trade on a large scale , it is better to refrain from trading until the completion of the entire current wave. For supporters of intersessional trade, there is an opportunity to make short-term purchases of the pair.
Resistance zones:
– 1.1490 / 1.1540
Support areas:
– 1.1360 / 1.1310
Explanations to the figures: The simplified wave analysis uses waves consisting of 3 parts (A – B – C) . For the analysis, 3 main TFs are used. On each the last, incomplete wave is analyzed. Zones show calculated areas with the highest probability of reversal.
The arrows indicate the wave marking by the method used by the author. The solid background shows the formed structure, the dotted – the expected movement.
Note: The wave algorithm does not take into account the duration of tool movements over time. To conduct a trade transaction, you need confirmation signals from the trading systems you use.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: