EUR/USD Wave analysis and forecast of 14.11 – 21.11: The pair is expected to grow.
Estimated pivot point is at the level of 1.2350.
Our opinion: Buy the pair from correction above the level of 1.2350 with the target of 1.26 – 1.27.
Alternative scenario: Breakout and consolidation below the level of 1.2350 will allow the pair to continue declining to the levels of 1.2300 – 1.2250.
Analysis: Presumably, the formation of the fifth final wave of the bearish impetus within the daily time frame is completed. Locally, the first counter-trend wave and the correction in a form of the second wave have been formed. If this assumption is correct and the price does not break the critical level of 1.2350, the pair will continue rising to the levels of 1.26 – 1.27 and higher.![EURUSD H4]()
![EURUSD Daily]()
GBP/USD Wave analysis and forecast of 14.11 – 21.11: A huge "bullish" correction expected.
Estimated pivot point is at the level of 1.5940.
Our opinion: Expect a reversal and a little counter-trend impetus, then buy the pair from correction above the local low with the target of 1.61 – 1.63.
Alternative scenario: The pair may continue to decline within the bearish trend.
Analysis: Presumably, the fifth wave (v) of v of A within the bearish wedge is nearing completion. Locally, the last impetus must have been completed. If this assumption is true, the price will soon reverse and the pair will start a correction growth to the levels 1.61 – 1.63 within the wave B.![GPBUSD H4]()
![GPBUSD Daily]()
USD/CHF Wave analysis and forecast of 14.11 – 21.11: The pair is expected to decline.
Estimated pivot point is at the level of 0.9740.
Our opinion: Sell the pair from correction below the level of 0.9740 with the target of 0.9580 – 0.95.
Alternative scenario: Breakout and consolidation above the level of 0.9740 will allow the pair to continue the rise up to the levels of 0.98 – 0.9850.
Analysis: Presumably, the formation of the fifth wave, the ascending momentum (A) within the daily time frame is completed. Locally, the first counter-trend wave (i) has been formed and the correction within the wave (ii) is being formed. If this assumption is correct and the price does not break the critical level 0.9740, it's logical to expect the pair to continue declining to the levels 0.9580 – 0.95 upon completion of correction.![USDCHF H4]()
![USDCHF Daily]()
USD/JPY Wave analysis and forecast of 14.11 – 21.11: Uptrend remains.
Estimated pivot point is at the level of 114.80.
Our opinion: Sell the pair above the level of 114.80 with the target of 117.0 – 118.0. Sell the pair with the target 113.0 – 112.50 in case the level 114.80 is broken.
Alternative scenario: Breakout and consolidation below the level of 114.80 will allow the pair to continue declining to the levels of 113.0 – 112.50.
Analysis: The "bullish" impetus within the third wave of senior level iii of 3 is still being formed. Locally, the fifth final wave must be forming, and if the price does not break the critical level 114.80 during correction, the pair will go on growing to the levels of 117.0 – 118.0.![USDJPY H4]()
![USDJPY Daily]()
USD/СAD Wave analysis and forecast of 14.11 – 21.11: The pair is expected to decline.
Estimated pivot point is at the level of 1.1465.
Our opinion: Sell the pair from correction below the level of 1.1465 with the target of 1.1120.
Alternative scenario: Breakout and consolidation above the level of 1.1465 will allow the pair to continue the rise up to the levels of 1.1550 – 1.16.
Analysis: Presumably, the formation of the fifth wave, the ascending momentum within the third wave of senior level is completed. Locally, there was formed a wedge in a form of the first counter-trend wave and the correction is developing within the wave ii. If this assumption is correct and the price does not break the critical level 1.1465, the pair will continue to decline to the level of 1.1120.
Estimated pivot point is at the level of 1.2350.
Our opinion: Buy the pair from correction above the level of 1.2350 with the target of 1.26 – 1.27.
Alternative scenario: Breakout and consolidation below the level of 1.2350 will allow the pair to continue declining to the levels of 1.2300 – 1.2250.
Analysis: Presumably, the formation of the fifth final wave of the bearish impetus within the daily time frame is completed. Locally, the first counter-trend wave and the correction in a form of the second wave have been formed. If this assumption is correct and the price does not break the critical level of 1.2350, the pair will continue rising to the levels of 1.26 – 1.27 and higher.
GBP/USD Wave analysis and forecast of 14.11 – 21.11: A huge "bullish" correction expected.
Estimated pivot point is at the level of 1.5940.
Our opinion: Expect a reversal and a little counter-trend impetus, then buy the pair from correction above the local low with the target of 1.61 – 1.63.
Alternative scenario: The pair may continue to decline within the bearish trend.
Analysis: Presumably, the fifth wave (v) of v of A within the bearish wedge is nearing completion. Locally, the last impetus must have been completed. If this assumption is true, the price will soon reverse and the pair will start a correction growth to the levels 1.61 – 1.63 within the wave B.
USD/CHF Wave analysis and forecast of 14.11 – 21.11: The pair is expected to decline.
Estimated pivot point is at the level of 0.9740.
Our opinion: Sell the pair from correction below the level of 0.9740 with the target of 0.9580 – 0.95.
Alternative scenario: Breakout and consolidation above the level of 0.9740 will allow the pair to continue the rise up to the levels of 0.98 – 0.9850.
Analysis: Presumably, the formation of the fifth wave, the ascending momentum (A) within the daily time frame is completed. Locally, the first counter-trend wave (i) has been formed and the correction within the wave (ii) is being formed. If this assumption is correct and the price does not break the critical level 0.9740, it's logical to expect the pair to continue declining to the levels 0.9580 – 0.95 upon completion of correction.
USD/JPY Wave analysis and forecast of 14.11 – 21.11: Uptrend remains.
Estimated pivot point is at the level of 114.80.
Our opinion: Sell the pair above the level of 114.80 with the target of 117.0 – 118.0. Sell the pair with the target 113.0 – 112.50 in case the level 114.80 is broken.
Alternative scenario: Breakout and consolidation below the level of 114.80 will allow the pair to continue declining to the levels of 113.0 – 112.50.
Analysis: The "bullish" impetus within the third wave of senior level iii of 3 is still being formed. Locally, the fifth final wave must be forming, and if the price does not break the critical level 114.80 during correction, the pair will go on growing to the levels of 117.0 – 118.0.
USD/СAD Wave analysis and forecast of 14.11 – 21.11: The pair is expected to decline.
Estimated pivot point is at the level of 1.1465.
Our opinion: Sell the pair from correction below the level of 1.1465 with the target of 1.1120.
Alternative scenario: Breakout and consolidation above the level of 1.1465 will allow the pair to continue the rise up to the levels of 1.1550 – 1.16.
Analysis: Presumably, the formation of the fifth wave, the ascending momentum within the third wave of senior level is completed. Locally, there was formed a wedge in a form of the first counter-trend wave and the correction is developing within the wave ii. If this assumption is correct and the price does not break the critical level 1.1465, the pair will continue to decline to the level of 1.1120.
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