EUR/USD Wave analysis and forecast of 07.11 – 14.11: The pair is likely to grow.
Estimated pivot point is at the level of 1.2535.
Our opinion: Wait for the breakdown of the level of 1.2535 and buy the pair from correction with the targets of 1.30 – 1.31.
Alternative scenario: Breakout and consolidation of the price below the level of 1.2330 will enable the price to continue the decline to the levels of 1.2250 – 1.22.
Analysis: Presumably, the formation of the final fifth wave of the “bearish” momentum on the daily timeframe is nearing completion. Locally, the fifth wave is close to completion and if this assumption is correct, in the near future the price will undergo upward correct in the second wave of the senior level to the levels of 1.30 – 1.31.![EURUSD H4]()
![EURUSD Daily]()
GBP/USD Wave analysis and forecast of 07.11 – 14.11: Large “bullish” correction is expected in the pair.
Estimated pivot point is at the level of 1.60.
Our opinion: In the short-term: sell the pair from correction below the level of 1.60 with the target of 1.5750. In the medium-term: wait for breakout of the level of 1.60 and buy from correction above the local lows, which has been formed at this moment, with the targets of 1.6300 – 1.6475.
Alternative scenario: Breakout and consolidation of the price below the level of 1.5750 will enable the price to continue the decline to the levels of 1.57 – 1.5650 in the bearish trend.
Analysis: Presumably, the formation of the wedge in the wave A continues. Locally, it seems that the fifth wave v of A is close to completion, and if this assumption is true, after breakdown of the level of 1.60, it makes sense to expect that the pair will grow in the wave B to the levels of 1.63 – 1.6470.![GPBUSD H4]()
![GPBUSD Daily]()
USD/CHF Wave analysis and forecast of 07.11 – 14.11: The pair is likely to decline.
Estimated pivot point is at the level of 0.96.
Our opinion: Wait for the breakdown of the level of 0.96 and sell the pair from correction below the local highs, which has been formed at the moment of breakdown, with the target of 0.9350 – 0.92.
Alternative scenario: Breakout and consolidation of the price above of the level of 0.9750 will enable the pair to continue the rise up to 0.98 – 0.9850.
Analysis: Presumably, the formation of the fifth wave of the “bearish” trend is nearing completion on the daily timeframe. If this assumption is correct, in the near future the pair will start to decline to the levels of 0.9350 – 0.92 within the wave (В).![USDCHF H4]()
![USDCHF Daily]()
USD/JPY Wave analysis and forecast of 07.11 – 14.11: Uptrend dominates. The pair can undergo downward correction.
Estimated pivot point is at the level of 115.60.
Our opinion: In the short-term: sell the pair below the level of 115.60 with the target of 113.10. In the medium-term: wait for the completion of the local correction and buy the pair in case of confirmation signals with the targets of 117.0 – 118.0.
Alternative scenario: Breakout and consolidation of the price above the level of 115.60 will enable the pair to continue growth up to the levels of 117.0 – 118.0.
Analysis: The pair continues to rise and it is likely that only the third wave in the fifth wave of the senior level is being developed. Locally, the formation of the momentum in the third wave of the junior level is nearing completion, and if this assumption is correct, the pair can undergo downward correction as the fourth wave and then continue to grow up to the levels of 117.0 – 118.0.![USDJPY H4]()
![USDJPY Daily]()
USD/СAD Wave analysis and forecast of 07.11 – 14.11: “Bearish” correction is likely to develop.
Estimated pivot point is at the level of 1.1363.
Our opinion: Sell the pair from correction after breakdown of the level of 1.1363 below the local highs, which has been formed with the targets of 1.1120.
Alternative scenario: Breakout and consolidation of the price above the level of 1.1480 will enable the pair to continue the rise up to the levels of 1.1550 – 1.16.
Analysis: Presumably, the formation of the ascending momentum wave has completed within the fifth wave in the third wave of the senior level. If this assumption is correct, after breakdown of the level of 1.1363, the pair will continue to decline in the fourth wave (4) to the levels of 1.1120 – 1.0620.
Estimated pivot point is at the level of 1.2535.
Our opinion: Wait for the breakdown of the level of 1.2535 and buy the pair from correction with the targets of 1.30 – 1.31.
Alternative scenario: Breakout and consolidation of the price below the level of 1.2330 will enable the price to continue the decline to the levels of 1.2250 – 1.22.
Analysis: Presumably, the formation of the final fifth wave of the “bearish” momentum on the daily timeframe is nearing completion. Locally, the fifth wave is close to completion and if this assumption is correct, in the near future the price will undergo upward correct in the second wave of the senior level to the levels of 1.30 – 1.31.
GBP/USD Wave analysis and forecast of 07.11 – 14.11: Large “bullish” correction is expected in the pair.
Estimated pivot point is at the level of 1.60.
Our opinion: In the short-term: sell the pair from correction below the level of 1.60 with the target of 1.5750. In the medium-term: wait for breakout of the level of 1.60 and buy from correction above the local lows, which has been formed at this moment, with the targets of 1.6300 – 1.6475.
Alternative scenario: Breakout and consolidation of the price below the level of 1.5750 will enable the price to continue the decline to the levels of 1.57 – 1.5650 in the bearish trend.
Analysis: Presumably, the formation of the wedge in the wave A continues. Locally, it seems that the fifth wave v of A is close to completion, and if this assumption is true, after breakdown of the level of 1.60, it makes sense to expect that the pair will grow in the wave B to the levels of 1.63 – 1.6470.
USD/CHF Wave analysis and forecast of 07.11 – 14.11: The pair is likely to decline.
Estimated pivot point is at the level of 0.96.
Our opinion: Wait for the breakdown of the level of 0.96 and sell the pair from correction below the local highs, which has been formed at the moment of breakdown, with the target of 0.9350 – 0.92.
Alternative scenario: Breakout and consolidation of the price above of the level of 0.9750 will enable the pair to continue the rise up to 0.98 – 0.9850.
Analysis: Presumably, the formation of the fifth wave of the “bearish” trend is nearing completion on the daily timeframe. If this assumption is correct, in the near future the pair will start to decline to the levels of 0.9350 – 0.92 within the wave (В).
USD/JPY Wave analysis and forecast of 07.11 – 14.11: Uptrend dominates. The pair can undergo downward correction.
Estimated pivot point is at the level of 115.60.
Our opinion: In the short-term: sell the pair below the level of 115.60 with the target of 113.10. In the medium-term: wait for the completion of the local correction and buy the pair in case of confirmation signals with the targets of 117.0 – 118.0.
Alternative scenario: Breakout and consolidation of the price above the level of 115.60 will enable the pair to continue growth up to the levels of 117.0 – 118.0.
Analysis: The pair continues to rise and it is likely that only the third wave in the fifth wave of the senior level is being developed. Locally, the formation of the momentum in the third wave of the junior level is nearing completion, and if this assumption is correct, the pair can undergo downward correction as the fourth wave and then continue to grow up to the levels of 117.0 – 118.0.
USD/СAD Wave analysis and forecast of 07.11 – 14.11: “Bearish” correction is likely to develop.
Estimated pivot point is at the level of 1.1363.
Our opinion: Sell the pair from correction after breakdown of the level of 1.1363 below the local highs, which has been formed with the targets of 1.1120.
Alternative scenario: Breakout and consolidation of the price above the level of 1.1480 will enable the pair to continue the rise up to the levels of 1.1550 – 1.16.
Analysis: Presumably, the formation of the ascending momentum wave has completed within the fifth wave in the third wave of the senior level. If this assumption is correct, after breakdown of the level of 1.1363, the pair will continue to decline in the fourth wave (4) to the levels of 1.1120 – 1.0620.
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