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Saturday, June 27, 2015

wave analysis and forecast of 26.06 – 03.07

EUR/USD Wave analysis and forecast of 26.06 – 03.07: The pair is likely to decline within correction.
Estimated pivot point is at a level of 1.1411.

Our opinion: Sell the pair from correction below the level of 1.1411 with the target of 1.08.

Alternative scenario: Breakout of the level of 1.1411 and consolidation above this level will enable the price to continue the rise up to 1.15 – 1.16.

Analysis: Presumably, formation of the fifth wave as the first wave of the senior level 1 has completed within the one-two wedge. At the moment, it is likely that the “bearish” correction is being developed to 1.08. Locally, the one-two impetus (i) has been formed and the correction as the wave (ii) is being developed. If this assumption is correct, after the completion of the correction the pair will continue to decline. Critical level for this scenario is 1.1411. Breakdown of this level will give chance to the pair to rise up to 1.15 – 1.16.
EURUSD H1

EURUSD H4

GBP/USD Wave analysis and forecast of 26.06 – 03.07: Uptrend prevails.
Estimated pivot point is at a level of 1.5660.

Our opinion: Buy the pair from correction above the level of 1.5660 with the target of 1.61 – 1.62. In case of breakdown of the level of 1.5660, sell with the target of 1.55 – 1.54.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.5660 will enable the pair to continue decline to 1.55 – 1.54.

Analysis: Presumably, the “bullish” impetus continues to develop in the wave С of 2 of the senior level. At the moment, it seems that the third wave iii of С has been formed and the correction as the fourth wave iv of has completed. If this assumption is correct, and the price does not continue to decline to 1.5660, the pair can rise up to 1.60 – 1.6170 in the fifth wave.
GPBUSD H4

GPBUSD Daily

USD/CHF Wave analysis and forecast for 26.06 – 03.07: The pair is likely to grow.
Estimated pivot point is at a level of 0.9140.
Our opinion: Buy the pair from correction above the level of 0.9140 with the target of 0.9840 – 1.00. In case of breakdown of the level of 0.9140 sell the pair with the target of 0.88.

Alternative scenario: Breakout and consolidation of the price below the level of 0.9140 will enable the pair to continue the decline to 0.88.

Analysis: Presumably, the formation of the correction as the wave 2, which has a shape of a zigzag, has completed on the daily chart. Locally, it seems that the third wave of the senior level 3 is being formed, within which one-tow impetus (i) of iii of 3 is being developed. If this assumption is correct and the price does not break down the critical level of 0.9140, it makes sense to expect that the pair will continue to rise up to 0.9840 – 1.01.
AUDUSD H4

AUDUSD Daily

USD/JPY Wave analysis and forecast of 26.06 – 03.07: The pair is likely to decline.
Estimated pivot point is at a level of 124.38.

Our opinion: Sell the pair from correction below the level of 124.38 with the target of 120.35 - 119.00. In case of breakdown of the level of 124.38, buy the pair with the target of 126.00

Alternative scenario: Breakdown and consolidation of the price above the level of 124.38 will enable the pair to continue the rise up to 126.00 – 127.00.

Analysis: Presumably, the formation of the “bullish” correction as the wave ii, which took a shape of a plane (a)(b)(c), has completed. Locally, it is likely that the third wave iii will be developed. If this assumption is correct and the price does not break down the critical level of 124.40, the pair will continue to decline to 120.35 in the third wave iii. 
USDJPY H1

USDJPY H4

USD/СAD Wave analysis and forecast of for 26.06 – 03.07: The pair is likely to grow.
Estimated pivot point is at a level of 1.2123.

Our opinion: Buy the pair from correction above the level of 1.2123 with the target of 1.2830. In case of breakdown of the level of 1.2123, sell the pair with the target of 1.20 – 1.18.

Alternative scenario: Breakout and consolidation of the price below the level of 1.2123 will trigger the decline in the pair to the levels of 1.20 – 1.18.

Analysis: Presumably, the formation of the “bearish” correction as the second wave ii, which has taken a shape of the zigzag, has completed. Locally, it seems that the third wave of the senior level has started to develop, within which the first one-two wave (i) of iii has been formed and the local correction as the wave (ii) is being developed. If this assumption is correct, after the completion of the correction the pair can continue to rise up to 1.28. Critical level for this scenario is 1.2123. Breakdown of this level will enable the pair to continue the decline to 1.20 – 1.18.
USDCAD H1

USDCAD H4

Friday, June 19, 2015

wave analysis and forecast of 19.06 – 26.06

EUR/USD Wave analysis and forecast of 19.06 – 26.06: Uptrend prevails.
Estimated pivot point is at a level of 1.1204.

Our opinion: Buy the pair above the level of 1.1204 with the targets of 1.16 – 1.17.

Alternative scenario: Breakout of the level of 1.1204 and consolidation above this level will enable the price to continue decline to 1.10.

Analysis: Presumably, the fifth wave continues to develop within the one-two wedge. Currently, it seems that the third wave of the junior level (iii) of v is being formed. If this assumption is correct, and the price does not break down the critical level of 1.1204, the pair can continue to rise up to 1.17. 
EURUSD H1

EURUSD H4

GBP/USD Wave analysis and forecast of 19.06 – 26.06: Uptrend dominates.
Estimated pivot point is at a level of 1.57.

Our opinion: Buy the pair from correction above the level of 1.57 with the target of 1.61 – 1.62.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.57 will enable the pair to continue decline to 1.56 – 1.55.

Analysis: Presumably, the “bullish” impetus continues to develop in the wave С of 2 of the senior level. At the moment, it seems that the third wave of the junior level iii of С is being formed. If this assumption is correct, after the completion of the local correction (iv), it makes sense to expect that the pair will rise up to 1.61 – 1.62.
GPBUSD H1

GPBUSD H4

AUD/USD Wave analysis and forecast of 19.06 – 26.06: The pair is likely to grow.
Estimated pivot point is at a level of 0.7640.
Our opinion: Buy the pair from correction above the level of 0.7640 with the target of 0.7960 – 0.8160.

Alternative scenario: Breakout and consolidation of the price below the level of 0.7640 enable the pair to continue the decline to 0.74 – 0.73 within the long-term bearish trend.

Analysis: Presumably, the formation of the third wave of the senior level 3 has begun. Locally, it seems that the third wave of the junior level (iii) is being formed. If this assumption is correct and the price does not break down the critical level of 0.7640 the pair can continue to rise up to 0.7930 – 0.8160.
AUDUSD H4

AUDUSD Daily

USD/JPY Wave analysis and forecast of 19.06 – 26.06: The pair is likely to decline.
Estimated pivot point is at a level of 124.45.

Our opinion: Sell the pair from correction below the level of 124.45 with the target of 120.35 - 119.00.

Alternative scenario: Breakout and consolidation of the price above the level of 124.45 will enable the pair to continue the rise up to 126.00 – 127.00.

Analysis: Presumably, the formation of the “bullish” correction as the fifth wave (ii) has completed. Locally, it is likely that the third wave (iii) is being developed within the estimated “bearish” impetus with the expected target level of 120.35. If this assumption is correct and the price does not break down the critical level of 124.45, the pair is likely to decline to 120.35 – 119.00.
USDJPY H1

USDJPY H4

USD/СAD Wave analysis and forecast of for 19.06 – 26.06: The pair is likely to grow.
Estimated pivot point is at a level of 1.2360.

Our opinion: Buy the pair at the break down of the level of 1.2360 with the target of 1.30.

Alternative scenario: Breakout and consolidation of the price below the level of 1.19 will enable the decline in the pair to 1.18 – 1.17.

Analysis: Presumably, the formation of the “bearish” correction as the second wave ii continues, taking a shape of the zigzag. Locally, it is likely that the correction as the wave (b) has completed and the wave (c) of ii is being formed. If this assumption is correct after the completion of the correction the pair cam resume growth up to 1.3060. Critical level for this scenario is 1.19. Breakdown of this level will enable the pair to continue decline to 1.18 – 1.17.
USDCAD H1

USDCAD H4

Friday, June 12, 2015

wave analysis and forecast of 11.06 – 19.06

EUR/USD Wave analysis and forecast of 11.06 – 19.06: Uptrend continues. Locally, the pair is undergoing correction.
Estimated pivot point is at a level of 1.0810.

Our opinion: Wait for the completion of the correction and buy the pair above the level of 1.1000 with the targets of 1.16 – 1.17.

Alternative scenario: Breakout of the level of 1.0810 and consolidation below this level will enable the decline in price to 1.07 – 1.06.

Analysis: Presumably, the fifth wave continues to develop in the one-two wedge. At the moment, it seems that the first wave of the junior level (i) of v has completed. Locally, the “bearish” correction as the wave (ii) of v is ongoing to the levels of 1.11 – 1.10. If this assumption is correct, and the price does not break down the critical level of 1.0810, after the completion of the correction the pair can continue to rise to the levels of 1.16 – 1.17 in the fifth wave. 
EURUSD H1

EURUSD H4

GBP/USD Wave analysis and forecast of 11.06 – 19.06: The pair is likely to grow.
Estimated pivot point is at a level of 1.5250.

Our opinion: Buy the pair from correction above the level of 1.5250 with the target of 1.57 – 1.59.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.5250 will enable the pair to continue decline to 1.50 – 1.49.

Analysis: Presumably, the formation of the “bearish” correction in the wave B, which has a shape of the zigzag, has completed. At the moment, it is assumed that first one-two wave of the junior level i of C of 2 is being developed, within which the impetus can develop. If this assumption is correct and the price will not break down the critical level of1.5250, the price can grow up to the levels of 1.57 – 1.59.
GPBUSD H1

GPBUSD H4

AUD/USD Wave analysis and forecast of 11.06 – 19.06: The pair is likely to grow.
Estimated pivot point is at a level of 0.7594.
Our opinion: Buy the pair from correction above the level of 0.7594 with the target of 0.7930 – 0.8160.

Alternative scenario: Breakout and consolidation of the price below the level of 0.7594 enable the pair to continue the decline to 0.74 – 0.73 within long-term bearish trend.

Analysis: Presumably, the third wave of the senior level 3 is being formed. Locally, it seems that the first wave i of 3 is being formed, within which the third wave of the junior level (iii) of i of 3 is being formed. If this assumption is correct and the price does not break down the critical level of 0.7594, the pair can continue to grow up to 0.7930 – 0.8160.
AUDUSD H1

AUDUSD H4

USD/JPY Wave analysis and forecast of 11.06 – 19.06: The pair is likely to decline.
Estimated pivot point is at a level of 125.87.

Our opinion: Sell the pair from correction below the level of 125.87 with the target of 119.00 - 118.00.

Alternative scenario: Breakout and consolidation of the price above the level of 125.87 will enable the pair to continue the rise up to 127.00 – 128.00.

Analysis: Presumably, the formation of the bullish impetus in the fifth wave has completed. Locally, it is likely that the reversal has been formed and one-two impetus is being developed in the first wave of the junior level (i). If this assumption is correct and the price does not break down the critical level of 125.87, the pair will continue to decline to 119.00 – 118.00.
USDJPY H1

USDJPY H4

USD/СAD Wave analysis and forecast of for 11.06 – 19.06: Correction has completed the pair is likely to grow.
Estimated pivot point is at a level of 1.2190.

Our opinion: Buy the pair from correction above the level of 1.2190 with the target of 1.2560 – 1.28.

Alternative scenario: Breakout and consolidation of the price below the level of 1.2190 will enable the pair to continue the decline to 1.21 – 1.20.

Analysis: Presumably, the formation of the “bearish” correction as the second wave has completed. Locally, the reversal seems to be developed. If this assumption is correct, it is possible that the pair will grow to 1.2560 – 1.28 in the third wave. Critical level for this scenario is 1.2190. Breakdown of this level will enable the pair to continue the decline to 1.21 – 1.20.
USDCAD H1

USDCAD H4

Friday, June 5, 2015

wave analysis and forecast of 05.06 – 12.06

EUR/USD Wave analysis and forecast of 05.06 – 12.06: Uptrend dominates.
Estimated pivot point is at a level of 1.0810.

Our opinion: Buy the pair above the level of 1.1000 with the target of 1.15 – 1.16.

Alternative scenario: Breakout of the level of 1.1166 and consolidation below this level will enable the price the decline to 1.10.

Analysis: Presumably, the fifth wave is being developed in the one-two wedge. At the moment, it seems that the fourth wave of the junior level (iv) has completed. If this assumption is correct, and the price does not break down the critical level of 1.1166, the pair will continue to rise to the level of 1.15 in the fifth wave. In case of the decline in the pair below the 1.1166, correction will deepen to 1.10, and in this case the final diagonal triangle can develop in the fifth wave. Critical level for both options is 1.0810, the level of completion of the fourth wave of the senior level.
EURUSD H1

EURUSD H4

Alternative scenario:EURUSD H4

GBP/USD Wave analysis and forecast of 05.06 – 12.06: The pair is likely to grow.
Estimated pivot point is at a level of 1.5167.

Our opinion: Buy the pair above the level of 1.5167 with the target of 1.57 – 1.58.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.5167 will enable the pair to continue decline to 1.5044.

Analysis: Presumably, the formation of the “bearish” correction in the wave B, which has a shape of the zigzag, has completed. At the moment, it is assumed that the reversal has formed and the first one-two wave of the junior level i of C of 2 is being developed. If this assumption is correct and the price will not break down the critical level of 1.5167, the pair can go up to 1.57 – 1.58.
GPBUSD H1

GPBUSD H4

AUD/USD Wave analysis and forecast of 05.06 – 12.06: The pair is likely to grow.
Estimated pivot point is at a level of 0.7590.
Our opinion: Buy the pair above the level of 0.7590 with the target of 0.7930 – 0.8160.

Alternative scenario: Breakout and consolidation of the price below the level of 0.7590 will enable the pair to continue decline to 0.74 – 0.73 in the long-term bearish trend.

Analysis: The Australian dollar has started to strengthen. Presumably the formation of the “bearish” correction as the wave 2, which has a shape of the irregular plane with the extended wave с of 2, has completed. At the moment the price has rebounded upward from the level of 0.7590, and it looks like the one-two impetus of the junior level (i) has been formed. If this assumption is correct and the price does not break down the critical level of 0.7590, after the completion of the correction the pair can continue to rise up to 0.7930 – 0.8160.
AUDUSD H1

AUDUSD H4

USD/JPY Wave analysis and forecast of 05.06 – 12.06: The pair is likely to decline.
Estimated pivot point is at a level of 125.00.

Our opinion: Sell the pair below the level of 125.00 with the target of 122.00 - 118.00.

Alternative scenario: Breakout and consolidation of the price above the level of 125.00 will enable the pair to continue the rise up to 126.00.

Analysis: Presumably, the formation of the bullish impetus in the fifth wave has completed. The pair is likely to decline and might reach correction. Locally, it is likely that one-two “bearish” impetus has been formed. If this assumption is correct, the pair will continue to decline to 122.00 – 118.00. Critical level for this scenario is 125.00. 
USDJPY H1

USDJPY H4

USD/СAD Wave analysis and forecast of for 05.06 – 12.06: Uptrend continues.
Estimated pivot point is at a level of 1.2561.

Our opinion: In the short-term: sell the pair below the level of 1.2561 with the target of 1.2240. In the medium-term: wait for the completion of the correction and buy the pair with the target of 1.2840.

Alternative scenario: Breakout and consolidation of the price above the level of 1.2561 will enable the pair to continue the rise up to 1.2840.

Analysis: Presumably, the formation of the “bullish” impetus in the first wave within the fifth senior level has completed. Locally, it seems that the “bearish” correction as the second wave is being developed, within which the pair can go up to 1.2240. Critical level for this scenario is 1.2561. Breakdown of this level will enable the pair to continue the rise up to 1.2843.
USDCAD H1

USDCAD H4