Weekly Forecast Using Simplified Wave Analysis for EUR/USD, USD/JPY, EUR/CHF, EUR/GBP, AUD/JPY, Ethereum, and Litecoin as

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EUR/USD

Brief analysis:

The direction of price movement for the euro since the end of July this year has been defined by an upward wave. The wave level corresponds to the daily timeframe. At the end of August, quotes reached the lower boundary of a strong potential reversal zone. In recent weeks, the price has been in correction.

Weekly forecast:

In the first days of the coming week, the most likely scenario is sideways movement of the euro along resistance boundaries. Toward the weekend, volatility may increase, with a potential reversal and the beginning of a decline toward support levels.

Potential reversal zones

Resistance:

• 1.1760/1.1810

Support:

• 1.1600/1.1550

Recommendations

Buying: low potential, safer to reduce volume size.Selling: may be considered after reversal signals appear near support.

USD/JPY

Brief analysis:

The unfinished wave of the short-term upward trend of the yen pair began on August 21. This wave is part of a larger structure as correction (B), not yet complete. Since early August, a downward pullback has been forming within this model.

Weekly forecast:

Most of the week is expected to see sideways movement along resistance. Increased activity and renewed downside movement are more likely toward the weekend. A brief breakout above the upper boundary of the range cannot be ruled out.

Potential reversal zones

Resistance:

• 148.10/148.60

Support:

• 145.70/145.20

Recommendations

Buying: high risk, potentially unprofitable.Selling: relevant after confirmed signals appear near resistance.

EUR/CHF

Brief analysis:

Since March, the euro-franc pair has been moving toward the lower part of its price range. From mid-April, a corrective upward wave started from strong support, still incomplete. Recently, quotes have been moving sideways.

Weekly forecast:

In the coming days, sideways movement is likely to continue, with a higher probability of an upward move toward resistance. After consolidation, a reversal and renewed decline are expected by the weekend. Support marks the probable lower boundary of the week's move.

Potential reversal zones

Resistance:

• 0.9390/0.9440

Support:

• 0.9280/0.9230

Recommendations

Buying: limited potential, possible in fractional volumes within sessions.Selling: premature until confirmed reversal signals appear near resistance.

EUR/GBP

Brief analysis:

The euro-pound trend since mid-April has been defined by an upward wave. The middle section (B) is still forming. Over the past four weeks, price has drifted within a narrow range.

Weekly forecast:

Sideways movement is likely to continue. In the next couple of days, a downward move toward support is possible, followed by a reversal and renewed rise by the weekend. A breakout of the established corridor is unlikely.

Potential reversal zones

Resistance:

• 0.8730/0.8780

Support:

• 0.8600/0.8550

Recommendations

Buying: possible after confirmed signals near support.Selling: limited potential, possible in intraday trading with reduced volume size.

AUD/JPY

Brief analysis:

An unfinished upward wave structure in the AUD/JPY pair has been developing since early April. Over the past 1.5 months, a corrective section has been forming, while the upward segment launched the final part (C). The lower level of the strong reversal zone marks the target boundary of the current wave.

Weekly forecast:

In the coming days, upward momentum is likely to continue, with price moving toward resistance. By week's end, a reversal and renewed decline are expected. A temporary breakout above resistance cannot be ruled out.

Potential reversal zones

Resistance:

• 100.00/100.50

Support:

• 96.30/95.80

Recommendations

Buying: possible within individual sessions in small volumes.Selling: not recommended until reversal signals appear near resistance.

Ethereum

Brief analysis:

Since late August, Ethereum has turned downward, moving mainly sideways. The middle section (B) is still developing. Quotes are approaching the lower boundary of the potential reversal zone, with no signals of a reversal yet.

Weekly forecast:

In the coming days, a continued upward move is likely. Near resistance, a halt and reversal are possible. The second half of the week may bring higher volatility, with a probable resumption of the decline.

Potential reversal zones

Resistance:

• 4730.0/4830.0

Support:

• 4270.0/4170.0

Recommendations

Selling: possible after confirmed entry signals near resistance.Buying: carries high risk, may lead to losses.

Litecoin

Brief analysis:

Since July 21, Litecoin has been forming a descending flat. The corrective part (B) is not yet complete. The upper boundary of the reversal zone serves as strong resistance.

Weekly forecast:

Sideways movement is the most likely scenario. A bullish vector is more expected in the short term. Toward the weekend, volatility may increase, with a reversal and renewed decline.

Potential reversal zones

Resistance:

• 121.00/122.00

Support:

• 101.00/100.00

Recommendations

Buying: possible in separate sessions with reduced volume size.Selling: not recommended until reversal signals appear near resistance.

Explanations: In simplified wave analysis (SWA), all waves consist of three parts (A-B-C). Each timeframe is analyzed by its last unfinished wave. Expected movements are shown with dashed lines.

Note: The wave algorithm does not account for the duration of movements over time.

The material has been provided by InstaForex Company - www.instaforex.com