empty
21.07.2025 11:22 AM
Weekly Forecast Using Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and USD Dollar Index – July 21st

GBP/USD

Analysis: The British pound continues its downward movement, which began a month ago. After breaking a strong intermediate support level last week, the pair rebounded, forming a correction along that level. The wave structure indicates that the final segment (C) is still missing.

Forecast: A sideways trend is expected in the coming week within the corridor between the nearest counter-zones. An upward movement is more likely in the early part of the week. A reversal and resumption of the decline toward the support zone are expected near the calculated resistance area.

This image is no longer relevant

Potential Reversal Zones

  • Resistance: 1.3460/1.3510
  • Support: 1.3280/1.2800

Recommendations:

  • Buying: Risky, possible in individual sessions using small volume sizes.
  • Selling: Preferable after confirmed reversal signals near resistance.

AUD/USD

Analysis:Since late June, an upward wave has been forming on the Australian dollar chart. In recent weeks, the price has been forming a horizontal corrective wave. The upward segment that began late last week is nearing completion and has reversal potential.

Forecast: Sideways movement is expected early in the week, with a decline toward the support zone. A reversal and resumption of the upward trend may follow. If the trend reverses, volatility may spike, potentially causing a brief breakout below support.

This image is no longer relevant

Potential Reversal Zones

  • Resistance: 0.6570/0.6620
  • Support: 0.6480/0.6430

Recommendations:

  • Selling: No clear potential.
  • Buying: Become relevant after confirmed reversal signals near support.

USD/CHF

Analysis: The downward wave that began at the start of the year continues to form in the USD/CHF chart. The latest segment started on May 12. A correction has been forming in recent weeks, but its structure is still incomplete.

Forecast: A sideways movement is expected throughout the week. Some pressure on the resistance zone may occur in the early days. A resumption of the downward trend is more likely toward the weekend. A breakout below the support zone is unlikely this week.

This image is no longer relevant

Potential Reversal Zones

  • Resistance: 0.8040/0.8090
  • Support: 0.7880/0.7830

Recommendations:

  • Buying: Risky, only for intraday trades with small volume sizes.
  • Selling: May become the primary strategy once your trading system confirms signals at reversal points.

EUR/JPY

Analysis: The short-term bullish wave pattern in the EUR/JPY pair that began on May 23 is still unfolding. Over the last two weeks, the price has been drifting sideways, forming a corrective pullback along a recently broken support/resistance level. The structure is now in its final phase.

Forecast: The first half of the week is expected to show a downward trend. A transition to a sideways range and a reversal could form near the support zone. A resumption of upward movement is more likely by the end of the week or shortly after.

This image is no longer relevant

Potential Reversal Zones

  • Resistance: 174.20/174.70
  • Support: 172.30/171.80

Recommendations:

  • Selling: Very high risk; conservative traders should avoid entry.
  • Buying: Can be used once confirmed reversal signals appear near support.

AUD/JPY

Analysis: Since early April, the AUD/JPY pair has been forming an upward wave. Over the past 1.5 months, price action has been mostly sideways, forming a shifting flat. The wave structure is not yet complete.

Forecast: A general sideways trend is likely at the beginning of the week, possibly with a decline toward support. A resumption of the upward trend is expected closer to the weekend. The calculated resistance zone aligns with the lower boundary of the preliminary target range for the current wave.

This image is no longer relevant

Potential Reversal Zones

  • Resistance: 100.00/100.50
  • Support: 96.00/95.50

Recommendations:

  • Selling: Only suitable for intraday trades using small volumes; limited by support.
  • Buying: Can become the main strategy after confirmed reversal signals near support.

USD Dollar Index

Analysis: The US Dollar Index continues its downward trend that began in February. The latest segment started on May 12. Throughout the past month, a rising segment has formed within a sideways correction, and its structure is nearing completion.

Forecast: A continuation of the upward trend is expected in the coming days, potentially reaching the calculated resistance zone. In the second half of the week, a reversal is likely, followed by a return to the downward trend toward the support zone.

This image is no longer relevant

Potential Reversal Zones

  • Resistance: 98.50/98.70
  • Support: 97.10/96.90

Recommendations: The current temporary weakening of national currencies will likely be followed by another phase of strengthening. This weakening is expected to be short-lived, so traders should prepare for a longer period of buying national currencies.

Notes: In Simplified Wave Analysis (SWA), all waves consist of three parts (A-B-C). Only the last, unfinished wave is analyzed on each timeframe. Solid arrows indicate the formed structure; dashed arrows show expected movement.

Important: The wave algorithm does not account for the time duration of price movements.

Isabel Clark,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Vyacheslav Ognev
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

GBP/USD Analysis on August 4, 2025

The wave pattern for the GBP/USD pair continues to indicate the formation of an upward impulsive wave structure. The wave picture closely resembles that of EUR/USD, as the sole "driver"

Chin Zhao 22:02 2025-08-04 UTC+2

EUR/USD Analysis on August 4, 2025

The wave pattern on the 4-hour chart of the EUR/USD pair has remained intact for several months, which is very encouraging. Even during corrective phases, the structure's integrity is preserved

Chin Zhao 21:58 2025-08-04 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, EUR/CHF, and US Dollar Index – August 4th

During the upcoming week, the bearish movement in the British pound is expected to come to an end. A reversal and renewed upward trend may begin near the calculated support

Isabel Clark 10:07 2025-08-04 UTC+2

Weekly Forecast Based on Simplified Wave Analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, EUR/GBP, and Gold – August 4th

In the coming week, the euro is expected to maintain its upward momentum. After potentially testing the resistance zone, a reversal and downward movement toward the support zone are likely

Isabel Clark 09:49 2025-08-04 UTC+2

GBP/USD Analysis on August 1, 2025

The wave pattern for GBP/USD continues to indicate the formation of an upward impulse wave pattern. The wave configuration closely resembles that of EUR/USD, as the dollar remains

Chin Zhao 21:16 2025-08-01 UTC+2

EUR/USD Analysis on August 1, 2025

The wave pattern on the 4-hour chart for EUR/USD has remained unchanged for several months. The formation of an upward trend segment continues, and the news background mostly does

Chin Zhao 21:10 2025-08-01 UTC+2

GBP/USD Analysis on July 31, 2025

The wave pattern for GBP/USD continues to indicate the development of a bullish impulse wave structure. The wave configuration closely mirrors that of EUR/USD, as the U.S. dollar remains

Chin Zhao 20:36 2025-07-31 UTC+2

EUR/USD Analysis on July 31, 2025

The wave pattern on the 4-hour chart for EUR/USD has remained unchanged for several months. The upward segment of the trend continues to form, while the news backdrop mostly fails

Chin Zhao 20:25 2025-07-31 UTC+2

GBP/USD Analysis on July 30, 2025

The wave pattern for GBP/USD continues to indicate the formation of a bullish impulse wave sequence. The wave pattern closely mirrors that of EUR/USD, as the dollar remains the sole

Chin Zhao 21:04 2025-07-30 UTC+2

EUR/USD Analysis on July 30, 2025

The wave pattern on the 4-hour chart for EUR/USD has remained unchanged for several months. The upward trend segment continues to unfold, while the news background has largely failed

Chin Zhao 20:54 2025-07-30 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.