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.