Wave analysis and forecast of 24.04 – 01.05

EUR/USD Wave analysis and forecast of 24.04 – 01.05: Uptrend dominates.
Estimated pivot point is at the level of 1.0658.

Our opinion: Buy the pair from correction above the level of 1.0658 with the target of 1.1050 - 1.12.

Alternative scenario: Breakout of the level of 1.0658 and consolidation below this level will enable the price continue decline to 1.05.

Analysis: The third wave of the senior level is being developed on the four-hour chart frame. Locally, it is likely that the local correction as the wave (ii) has completed, and the wave (iii) of iii is being formed. If this assumption is correct and the price does not break down the critical level of 1.0658 the pair will continue to rise up to 1.1050.


GBP/USD Wave analysis and forecast of 24.04 – 01.05: Uptrend continues.
Estimated pivot point is at the level of 1.4848.

Our opinion: Buy the pair from correction above the level of 1.4848 with the target of 1.5350.

Alternative scenario: Consolidation of the price below the level of 1.4848 will enable the price to continue decline to 1.4750 – 1.4680 as part of the correction.

Analysis: Presumably, the formation of the “bearish” impetus on the daily timeframe has completed. Locally, it is likely that the upward impetus is being formed, within which the third wave (iii) is being developed. If this assumption is correct, the pair will continue to rise up to 1.5350. Critical level for this scenario is 1.4848.


AUD/USD Wave analysis and forecast of 24.04 – 01.05: The pair is likely to grow.
Estimated pivot point is at the level of 0.7704.
Our opinion: Buy the pair above the level of 0.770 with the target of 0.7950.

Alternative scenario: Breakout and consolidation of the price below the level of 0.7704 will enable the pair to continue decline to 0.7520.

Analysis: Presumably, the formation of the downward impetus in the fifth wave of the senior level has completed. At the moment, it seems that the pair is going to reverse and the first in-lead wave in the shape of wedge is being developed. If this assumption is correct, the pair can rise up to 0.7950 within the fifth wave of the expected wedge. Critical level for this scenario is 0.7522. If this level is broken down the pair will decline to 0.74 – 0.73.


USD/JPY Wave analysis and forecast of 24.04 – 01.05: Downward correction continues.
Estimated pivot point is at the level of 120.09.

Our opinion: Sell the pair from correction below the level of 120.09 with the target of 116.80. In case of breakdown of the level of 120.09 buy with the target of 121.00.

Alternative scenario: Breakout and consolidation of the price above the level of 120.09 will enable the pair to continue the rise to 122.00.

Analysis: The formation of the “bearish” correction of the senior wave level as the fourth wave continues, within which the wave a as a zigzag (a)(b)(c) seems to develop. Locally it is likely that the wave (c) is being formed, within which the impetus can be formed. If this assumption is correct and the price does not break down the critical level of 120.09, the pair may continue to decline to 116.80.


USD/СAD Wave analysis and forecast of 24.04 – 01.05: “Bearish” correction is nearing completion.
Estimated pivot point is the level of 1.2306.

Our opinion: Sell the pair below the level of 1.2306 with the target of 1.20. If the level of 1.2306 is broken down, buy from correction with the target of 1.28.

Alternative scenario: Breakout and consolidation of the price above the level of 1.2306 will enable the pair to continue the rise up to 1.28.

Analysis: Presumably, the formation of the “bearish” correction is nearing completion in the fourth wave 4. Locally, it is likely that the impetus is being formed in the wave с of 4. If this assumption is correct, the pair will continue to decline to 1.20. Critical level for this scenario is 1.2306. Breakdown of this level will indicate the end of the correction and the beginning of the uptrend in the fifth wave. 

Wave analysis and forecast of 10.04 – 17.04

EUR/USD Wave analysis and forecast of 10.04 – 17.04: The pair is undergoing correction.
Estimated pivot point is at a level of 1.0460.

Our opinion: Wait till the completion of correction and buy the pair above the level of 1.0460 with the target of 1.12.

Alternative scenario: Breakout of the level of 1.0460 and consolidation below this level will enable the price to go down to 1.03.

Analysis: The formation of the “bearish” correction in the second wave is prolonged. At the moment, it seems that the wave (с) is being developed, within which the impetus is being formed. If this assumption is correct, the rise in the pair will resume. Critical level for this scenario is 1.0460. Breakdown of this level will trigger further decline in the pair.


GBP/USD Wave analysis and forecast of 10.04 – 17.04: The pair is undergoing correction.
Estimated pivot point is at a level of 1.4630.

Our opinion: Wait for the completion of correction and buy the pair above the level of 1.4630 with the target of 1.5220 – 1.54.

Alternative scenario: Consolidation of the price below the level of 1.4630 will enable the price to continue decline to 1.45 – 1.44 in the downtrend.

Analysis: Presumably, the formation of the “bearish” correction as the second wave (2) continues. Locally, it is likely that the final wave c of (2) is being formed, within which impetus is being developed. If this assumption is correct and the price does not break down critical level of 1.4630, after the completion of the wave с of (2), the pair will continue to grow to 1.52 – 1.54 in the third wave. 


AUD/USD Wave analysis and forecast of 10.04 – 17.04: Correction has completed. The pair is likely to decline.
Estimated pivot point is at a level of 0.7740.
Our opinion: Sell the pair from correction below the level of 0.7740 with the target of 0.74.

Alternative scenario: Breakout and consolidation of the price above of the level of 0.7740 will enable the rise in the pair up to the level 0.7930.

Analysis: Presumably, the formation of the “bullish” correction in the second wave 2, which took the shape of a zigzag with a wedge in the wave с of 2, has completed. At the moment it seems that the pair has started to decline in the third wave. If this assumption is correct, it makes sense to expect that the pair will decline to 0.75 – 0.74. Critical level for this scenario is the level of 0.7740.


USD/JPY Wave analysis and forecast of 10.04 – 17.04: Correction is nearing completion. The pair is likely to decline.
Estimated pivot point is at a level of 121.00.

Our opinion: Wait for the completion of the correction and sell the pair below the level of 121.00 with the target of 116.80. In case of breakdown of the level of 121.00, sell the pair with the target of 122.00.

Alternative scenario: Breakout and consolidation of the price above the level of 121.00 will enable the pair to continue growth up to 122.00.

Analysis: “Bearish” correction of the senior level as the fourth wave is being formed. Locally, it is likely that the wave a of 4 is being developed, within which a zigzag (a)(b)(c) is being formed. If this assumption is correct, after the formation of the wave (b), the pair will continue to decline to the level of 116.80.


USD/СAD Wave analysis and forecast of for 10.04 – 17.04: The pair is likely to grow.
Estimated pivot point is at a level of 1.2380.

Our opinion: Buy the pair above the level of 1.2380 with the target of 1.30.

Alternative scenario: Breakout and consolidation of the price below the level of 1.2380 will enable the pair to continue decline to 1.22 - 1.20.

Analysis: Presumably, the fourth wave has formed, which is likely to take shape of the flat correction (a)(b)(c) and slightly extended. Locally, it is likely that the fifth wave v is being developed in the third wave 3 of the higher level. If this assumption is correct and the price does not break down the critical level of 1.2380, it makes sense to expect that the pair will continue to rise up to 1.30.

Wave analysis and forecast of 03.04 – 10.04

EUR/USD Wave analysis and forecast of 03.04 – 10.04: The pair is expected to grow.
Estimated pivot point is at a level of 1.0710.

Our opinion: Buy the pair from corrections above the level of 1.0710 with a target at 1.1050 – 1.14.

Alternative scenario: Breakdown of the level 1.0710 and consolidation below will allow the pair to continue declining to the levels 1.0460 – 1.03.

Analysis: Presumably, a bearish impetus within a daily time-frame is completed. Apparently, the first counter-trend wave has formed by now, and the correction in a form of the second wave is completed. If this assumption is correct, the pair will be expected to grow as part of the third wave. The level of 1.0710 is critical in this scenario as its breakdown will result in a further decline of the pair.


GBP/USD Wave analysis and forecast of 03.04 – 10.04: The pair is expected to grow.
Estimated pivot point is at a level of 1.4732.

Our opinion: Buy the pair above the level of 1.4732 with a target at 1.5220 – 1.54.

Alternative scenario: Consolidation below the level of 1.4732 will allow the pair to continue declining to the levels of 1.45 – 1.44 within a downtrend.

Analysis: Presumably, the fifth final wave within a long-term bearish impetus has already formed. The counter-trend impetus (i) has formed by now, and, apparently, the local correction in a form of wave (ii) is completed. If this assumption is correct and the price does not break the critical level 1.4732 , it's logical to expect the pair to decline to the levels 152 – 1.54. 


AUD/USD Wave analysis and forecast of 03.04 – 10.04: The pair continues to fall and is likely to rise due to correction.
Estimated pivot point is at a level of 0.7527.
Our opinion: Buy the pair from corrections above the level of 0.7527 with a target at 0.7735. In the medium term: wait for the completion of correction and sell the pair below a level of 0.7939 with targets at about 0.7450 – 0.74 in the presence of confirming signals.

Alternative scenario: Breakdown and consolidation below the level of 0.7527 will allow the pair to continue declining to the levels 0.7450 – 0.74.

Analysis: Supposedly, the bullish correction in a form of fourth wave (4) has been formed. Apparently, the counter-trend impetus (i) has been formed within the fifth wave (5) of senior level. If the assumption is correct, the pair may grow to a level of 0.7735 as part of local correction (ii) of (5) in the short term. The level 0.77 is critical in this scenario.


USD/JPY Wave analysis and forecast of 03.04 – 10.04: The pair is expected to decline.
Estimated pivot point is at a level of 120.38.

Our opinion: Sell the pair from corrections below the level of 120.38 with a target at 116.80. Buy the pair with a target at 122.00 in case the level 120.38 is broken.

Alternative scenario: Breakdown and consolidation below the level of 120.38 will allow the pair to continue rising to a level of 122.00.

Analysis: Apparently, the fourth wave 4 of senior wave level has started to form. Only the first wave is forming locally, and a zigzag (a)(b)(c) is supposed to be developing within it. If this assumption is correct and the price does not break the critical level 120.38, the pair will continue declining to a level of 116.80 within the wave (c).


USD/СAD Wave analysis and forecast of for 03.04 – 10.04: The pair is expected to grow.
Estimated pivot point is at a level of 1.24.

Our opinion: Buy above the level of 1.24 with a target at 1.30.

Alternative scenario: Breakout and consolidation below the level of 1.24 will allow the pair to continue declining to the levels of 1.22 - 1.20.

Analysis: Supposedly, a local bearish correction in a form of wave iv has finished developing. Apparently, the fifth wave is forming locally with the waves (i) and (ii) developed within. If the presumption is correct, the pair will logically continue to rise to a level of 1.30. The level of 1.24 is critical in this scenario as its breakdown will result in a further decline of the pair. 

NEW SIGNAL

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