EUR/USD Wave analysis and forecast of 03.10 – 10.10: The European currency is under pressure, the downtrend continues.
Estimated pivot point is at the level of 1.27.
Our opinion: Sell the pair from correction below the level of 1.27 with the target of 1.25.
Alternative scenario: Breakout and consolidation above of the level of 1.27 will enable the price to continue growth to the levels of 1.2840 – 1.29, as part of the senior level correction.
Analysis: The formation of the downward impetus in the third wave iii is nearing completion. Locally, final fifth wave (v) of iii is being formed, within which the last descending wave v of (v) of iii is expected. If this assumption is correct, after the completion of the local correction it makes sense to expect another surge of decline to the level of 1.25. In case the price breaks the level of 1.27, the pair is likely to grow as part of the fourth wave to the levels of 1.2840 – 1.29.![EURUSD H1]()
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GBP/USD Wave analysis and forecast of 03.10 – 10.10: The pair is likely to decline.
Estimated pivot point is at the level of 1.6250.
Our opinion: Sell the pair from correction below the level of 1.6250 with the target of 1.60 – 1.5950.
Alternative scenario: Breakout and consolidation of the price above the level of 1.6250 will enable the pair to continue the growth to the levels of 1.65 – 1.6550.
Analysis: Presumably, the formation of downward impetus in the first wave of the deep medium-term correction continues. At this moment the pair is expected to continue to decline in the fifth wave of the developing “bearish” impetus. Locally, it is most probable that development of the small correction is completed as the wave (iv) of v and the final fifth wave is being formed.![GPBUSD H1]()
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USD/CHF Wave analysis and forecast of 03.10 – 10.10: Ascending trend to remain. The pair is likely to grow.
Estimated pivot point is at the level of 0.9515.
Our opinion: Buy the pair from corrections above 0.9515 with the target of 0.96 – 0.9650.
Alternative scenario: Breakout and consolidation below the level of 0.9515 will enable the pair to continue to decline to the level of 0.9460.
Analysis: Presumably, an ascending impetus in the third wave of senior level continues to be forming. Locally, the development of the “bullish” impetus in the wave iii of 3 is nearing completion, with the final fifth wave v of (v) of iii developing as its part. If this assumption is correct and the price does not break the critical level of 0.9515, the pair will continue to grow to the levels of 0.96 – 0.9650.![USDCHF H1]()
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USD/JPY Wave analysis and forecast of 03.10 – 10.10: Uptrend continues.
Estimated pivot point is at the level of 107.98.
Our opinion: Buy the pair from correction above the level of 107.98 with the target of 110.00 – 111.00.
Alternative scenario: Breakout and consolidation of the price below the level of 107.98 will enable the pair to continue the decline to the level of 106.80.
Analysis: Presumably, the formation of the fifth wave of the “bullish” impetus continues on the weekly timeframe. Locally, the fourth wave 4 of (5) is probably completed, and the final fifth wave started to rise. If this assumption is correct and the price does not break down the critical level of 107.98, the logical conclusion is that the pair will continue its growth to the level of 110 .00 – 111.00. In case the critical level is broken, the correction will continue to decline to the level of 106.80.![USDJPY H1]()
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USD/СAD Wave analysis and forecast of 03.10 – 10.10: With an ascending trend, the pair is likely to continue growth.
Estimated pivot point is at the level of 1.1066.
Our opinion: Buy the pair from corrections above the level of 1.1066 with the target of 1.13.
Alternative scenario: Breakout and consolidation of the price below the level of 1.1066 will enable the pair to continue to decline to the levels of 1.1010 – 1.010 as part of second wave correction.
Analysis: Presumably, the third wave iii of the senior level continues to be forming, with the third wave of junior order (iii) of iii developing as its part. Locally, the impetus in the first wave i of (iii) and its correction ii of (iii) are completed. If the assumption is correct and the price does not break the critical level of 1.1066, the pair will continue to grow to the levels of 1.12 – 1.13 as part of the third wave.![USDCAD H1]()
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Estimated pivot point is at the level of 1.27.
Our opinion: Sell the pair from correction below the level of 1.27 with the target of 1.25.
Alternative scenario: Breakout and consolidation above of the level of 1.27 will enable the price to continue growth to the levels of 1.2840 – 1.29, as part of the senior level correction.
Analysis: The formation of the downward impetus in the third wave iii is nearing completion. Locally, final fifth wave (v) of iii is being formed, within which the last descending wave v of (v) of iii is expected. If this assumption is correct, after the completion of the local correction it makes sense to expect another surge of decline to the level of 1.25. In case the price breaks the level of 1.27, the pair is likely to grow as part of the fourth wave to the levels of 1.2840 – 1.29.
GBP/USD Wave analysis and forecast of 03.10 – 10.10: The pair is likely to decline.
Estimated pivot point is at the level of 1.6250.
Our opinion: Sell the pair from correction below the level of 1.6250 with the target of 1.60 – 1.5950.
Alternative scenario: Breakout and consolidation of the price above the level of 1.6250 will enable the pair to continue the growth to the levels of 1.65 – 1.6550.
Analysis: Presumably, the formation of downward impetus in the first wave of the deep medium-term correction continues. At this moment the pair is expected to continue to decline in the fifth wave of the developing “bearish” impetus. Locally, it is most probable that development of the small correction is completed as the wave (iv) of v and the final fifth wave is being formed.
USD/CHF Wave analysis and forecast of 03.10 – 10.10: Ascending trend to remain. The pair is likely to grow.
Estimated pivot point is at the level of 0.9515.
Our opinion: Buy the pair from corrections above 0.9515 with the target of 0.96 – 0.9650.
Alternative scenario: Breakout and consolidation below the level of 0.9515 will enable the pair to continue to decline to the level of 0.9460.
Analysis: Presumably, an ascending impetus in the third wave of senior level continues to be forming. Locally, the development of the “bullish” impetus in the wave iii of 3 is nearing completion, with the final fifth wave v of (v) of iii developing as its part. If this assumption is correct and the price does not break the critical level of 0.9515, the pair will continue to grow to the levels of 0.96 – 0.9650.
USD/JPY Wave analysis and forecast of 03.10 – 10.10: Uptrend continues.
Estimated pivot point is at the level of 107.98.
Our opinion: Buy the pair from correction above the level of 107.98 with the target of 110.00 – 111.00.
Alternative scenario: Breakout and consolidation of the price below the level of 107.98 will enable the pair to continue the decline to the level of 106.80.
Analysis: Presumably, the formation of the fifth wave of the “bullish” impetus continues on the weekly timeframe. Locally, the fourth wave 4 of (5) is probably completed, and the final fifth wave started to rise. If this assumption is correct and the price does not break down the critical level of 107.98, the logical conclusion is that the pair will continue its growth to the level of 110 .00 – 111.00. In case the critical level is broken, the correction will continue to decline to the level of 106.80.
USD/СAD Wave analysis and forecast of 03.10 – 10.10: With an ascending trend, the pair is likely to continue growth.
Estimated pivot point is at the level of 1.1066.
Our opinion: Buy the pair from corrections above the level of 1.1066 with the target of 1.13.
Alternative scenario: Breakout and consolidation of the price below the level of 1.1066 will enable the pair to continue to decline to the levels of 1.1010 – 1.010 as part of second wave correction.
Analysis: Presumably, the third wave iii of the senior level continues to be forming, with the third wave of junior order (iii) of iii developing as its part. Locally, the impetus in the first wave i of (iii) and its correction ii of (iii) are completed. If the assumption is correct and the price does not break the critical level of 1.1066, the pair will continue to grow to the levels of 1.12 – 1.13 as part of the third wave.
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