EUR/USD Wave analysis and forecast of 28.08 – 04.09: The pair is expected to grow.
Estimated pivot point is at a level of 1.0804.
Our opinion: Wait for completion of correction and buy the pair above a level of 1.0804 with a target at about 1.1850 – 1.20.
Alternative scenario: Breakout of the level 1.0804 and consolidation below will allow the pair to continue declining to levels 1.06 – 1.05.
Analysis: Supposedly, the third wave of senior level 3 continues to form. Apparently, the first counter-trend wave of junior wave level i of 3 shaped like a diagonal with the extended fifth wave stopped forming locally. A correction in a form of the wave ii of 3 that reached the level of 50% at 1.1260 started to form. If the presumption is correct, after correction, the pair will continue to grow to the levels 1.1850 – 1.20. The level of 1.0804 is critical in this scenario as the breakout will enable the pair to continue declining to the levels 1.06 - 1.05.
GBP/USD Wave analysis and forecast of 28.08 – 04.09: The pair is expected to decline.
Estimated pivot point is at a level of 1.5819.
Our opinion: Wait for completion of an ascending correction (ii) of C and sell the pair below the level of 1.5819 with a target at about 1.52. Buy the pair with a target of 1.60 – 1.62 in case the level 1.5819 is broken.
Alternative scenario: Breakout and consolidation above the level of 1.5819 will allow the pair to continue the rise up to the levels of 1.60 – 1.62.
Analysis: Supposedly, a correction of senior level continues to form within the wave X, currently shaped like a plane. Apparently, an impetus within the first wave (i) of c has stopped forming, and a short-term growth to a level of 1.56 is expected. If the presumption is correct, after correction, the pair will continue to decline to the level at 1.52. The level of 1.5819, a top of the wave b of X, is critical in this scenario.
USD/CHF Wave analysis and forecast for 28.08 – 04.09: The pair is expected to decline.
Estimated pivot point is at a level of 0.9792.
Our opinion: Sell the pair from corrections below the level of 0.9792 with a target at 
0.9130 – 0.9050. Buy the pair with a target of 1.0 – 1.10 in case the level at 0.9792 is broken.
Alternative scenario: Breakout and consolidation above the level of 0.9792 will allow the pair to continue the rise up to the levels of 1.0 – 1.10.
Analysis: Supposedly, a big bearish correction in a form of the wave 2, within which a plane is expected to form, continues to develop. Apparently, the wave с of 2 is forming locally, with the first wave (i) forming within. If the presumption is correct, the pair will continue to decline to the levels 0.9130 – 0.9050. The local maximum level at 0.9792 is critical in this scenario.
USD/JPY Wave analysis and forecast of 28.08 – 04.09: Bearish correction continues to form.
Estimated pivot point is at a level of 125.30.
Our opinion: Wait for completion of correction and sell the pair below a level of 125.30 with a target at about 115.00 – 114.00.
Alternative scenario: Breakout and consolidation above the level of 125.30 will allow the pair to continue the rise up to the levels of 127.00 – 128.00.
Analysis: Apparently, a big bearish correction in a form of fourth wave (4) continues to develop. Apparently, the first zigzag-shaped wave А of (4) has formed locally, and the wave B is forming now. If the assumption is correct, another wave of decline can be logically expected after correction, to about 115.00 – 114.00. The level of 125.30 is critical in this scenario.
USD/СAD Wave analysis and forecast of for 28.08 – 04.09: Uptrend continues.
Estimated pivot point is at a level of 1.3012.
Our opinion: Buy the pair from corrections above the level of 1.3012 with a target of 1.35 – 1.36.
Alternative scenario: Breakout and consolidation below the level of 1.3012 will allow the pair to continue declining to a level of 1.2660.
Analysis: Supposedly, the formation of an ascending impetus within the third wave of senior level (3) is nearing completion. Apparently, the fifth wave of junior level v of 5 of (3) is forming locally. If the presumption is correct, the pair will logically continue to rise to a level of 1.35. The level of 1.3012 is critical in this scenario as the breakout will make the pair decline to about 1.2660.Supposedly, the formation of an ascending impetus within the third wave of senior level (3) is nearing completion. Apparently, the fifth wave of junior level v of 5 of (3) is forming locally. If the presumption is correct, the pair will logically continue to rise to a level of 1.35. The level of 1.3012 is critical in this scenario as the breakout will make the pair decline to about 1.2660.
EUR/USD Wave analysis and forecast of 21.08 – 28.08: Probability of the decline as part of the correction.
Estimated pivot point is at a level of 1.0840.
Our opinion: Wait for the completion of the correction and buy the pair above the level of 1.0840 with the target of 1.1800, in case of the confirmation signals.
Alternative scenario: Breakout of the level of 1.0840 and consolidation below this level will trigger further decrease in price up to 1.07.
Analysis: Presumably, the third wave of the senior level 3 is being formed. Locally, it is likely that the first i of 3, which currently has shape of a diagonal, has completed. If this assumption is correct, following the local correction, the pair will continue to rise to 1.1800. Critical level for this scenario is 1.0840. Breakout of this level will enable the price to go down to 1.07. It is not recommended to sell in the current situation as the formation of the wave extension is possible.
GBP/USD Wave analysis and forecast of 21.08 – 28.08: Growth in the pair in likely to continue.
Estimated pivot point is at a level of 1.5555.
Our opinion: Buy the pair from correction above the level of 1.5555 with the target of 1.58 – 1.60.
Alternative scenario: Breakout and consolidation of the price below the level of 1.5555 will allow the pair to continue to decline to the level of 1.53 – 1.54.
Analysis: Presumably, the large correction has completed in the wave B, which took a shape of a triangle and the wave C started to develop. Locally, it is likely that the first wave i of C is being formed, within which probably the third wave of the junior level (iii) is being developed. If this assumption is correct and the price does not break down the critical level of 1.5555, the pair can continue to rise up to 1.58 – 1.60.
USD/CHF Wave analysis and forecast for 21.08 – 28.08: The pair is likely to decline.
Estimated pivot point is at a level of 0.9792.
Our opinion: Sell the pair from correction below the level of 0.9792 with the target of 0.9430 – 0.9130. In case of breakdown of the level of 0.9792, buy with the target of 1.0 – 1.10.
Alternative scenario: Breakout and consolidation of the price above the level of 0.9792 will enable the pair to rise up to 1.0 – 1.10.
Analysis: Presumably, the formation of the large “bearish” correction continues as the wave 2, within which a plane is expected to be formed. Locally, it seems that the wave с of 2 is being formed, within which the one-two impetus as the wave (i) is being developed. If this assumption is correct, the pair will continue to decline to the levels of 0.9430 – 0.9130. Critical level for this scenario is the local high of 0.9792.
USD/JPY Wave analysis and forecast of 21.08 – 28.08: Formation of the “bearish” correction.
Estimated pivot point is at a level of 124.56.
Our opinion: Sell the pair from correction below the level of 124.56 with the target of 121.50 – 121.00. In case of breakout of the level of 124.56, buy with the target of 127.55.
Alternative scenario: Breakout and consolidation of the price above the level of 124.56 will allow the pair to continue growth up to 127.55.
Analysis: It is likely that the formation of the third wave (3) of the senior level has completed on the daily timeframe. Locally, it seems that the large “bearish” correction as the fourth wave (4) with the target level of 117.00 has started, within which the one-two impetus is being formed as the first wave. If this assumption is correct and the price does not breakdown the critical level of 124.56, the pair will continue to decline to 121.50 – 121.00. In the critical level is broken down, the pair will rise up to 127.55.
USD/СAD Wave analysis and forecast of for 21.08 – 28.08: Formation of the local correction.
Estimated pivot point is at a level of 1.3180.
Our opinion: In the short-term: sell the pair from correction below the level of 1.3180 with the target of 1.2785. In the medium-term: wait for the completion of the correction and buy the pair in case of the one-two one-toe impetus and confirming signals, with the target of 1.35 – 1.36.
Alternative scenario: Breakout and consolidation of the price above the level of 1.3180 will allow the pair to continue growth up to 1.35 – 1.36.
Analysis: Presumably, the formation of the third wave of the senior level iii of 5 has completed. Locally, it seems the correction as the fourth wave iv is being formed and within which the first wave (a) has been formed as a diagonal and the correction in the wave (b). If this assumption is correct, in the short-term, the pair can continue to decline to 1.2785 within the wave (с). Critical level for this scenario is 1.3180. Breakdown of this level will enable the pair to continue growth.
EUR/USD Wave analysis and forecast of 14.08 – 21.08: It is likely that the pair will continue to rise; locally the pair is in correction.
Estimated pivot point is at a level of 1.0840.
Our opinion: Buy the pair from correction above the level of 1.0840 with the target of 1.13 – 1.1435.
Alternative scenario: Breakout of the level of 1.0840 and consolidation below this level will trigger further decrease in price up to 1.07.
Analysis: Presumably, the third wave of the senior level 3 is being formed. Locally, it is likely that the first i of 3 is being formed, which might take a shape of a diagonal. If this assumption is correct, after a minor correction, the pair will continue to rise up to 1.13 – 1.14. Critical level for this scenario is 1.0840. Breakout of this level will enable the price to go down to 1.07.
GBP/USD Wave analysis and forecast of 14.08 – 21.08: The pair is likely to grow.
Estimated pivot point is at a level of 1.5420.
Our opinion: Buy the pair from correction above the level of 1.5420 with the target of 1.58 – 1.60.
Alternative scenario: Breakout and consolidation of the price below the level of 1.5420 will allow the pair to continue to decline to the level of 1.52.
Analysis: The pair is traded in the narrowing range, which is probably a corrective triangle in the wave B and the large upward correction. Locally, it seems that the one-two, one-two impetus of the junior level has been formed as the wave (i). If this assumption is correct, after the completion of the correction (ii), the pair will continue to rise up to 1.57 – 1.58. Critical level for this scenario is 1.5420. 
USD/CHF Wave analysis and forecast for 14.08 – 21.08: Uptrend continues ; locally, the pair is undergoing correction.
Estimated pivot point is at a level of 0.99.
Our opinion: Buy the pair from correction below the level of 0.99 with the target of 0.96. In case of breakdown of the level of 0.99, buy the pair with the target of 1.0 – 1.0100.
Alternative scenario: Breakout and consolidation of the price above the level of 0.99 will enable the pair to continue the rise up to 1.0 – 1.0100.
Analysis: Presumably, the formation of the third wave of the junior level iii of 3 has completed. Locally it is likely that the correction as the fourth wave is being developed to the level of 0.96 – 0.9540, within which one-two one-two impetus (a) has been formed. If this assumption is correct, after the completion of the small correction (b) the pair can continue to decline. Critical level for this scenario is the local highs of 0.99.
USD/JPY Wave analysis and forecast of 14.08 – 21.08: Uptrend continues.
Estimated pivot point is at a level of 123.00.
Our opinion: Buy the pair from correction above the level of 123.00 with the target of 127.50.
Alternative scenario: Breakout and consolidation of the price below the level of 123.00 will allow the pair to continue to decline to the level of 120.36.
Analysis: Presumably, the formation of the third wave (iii) continues; within this wave the first wave has been formed and at the moment the local correction as the wave ii of (iii) is also being formed. If this assumption is correct and the price does not break down the critical level of 123.00, then, after the completion of the correction the pair will continue to rise to the level of 127.50. In case of breakdown of the critical level, the pair will decline to the level of 120.36.
USD/СAD Wave analysis and forecast of for 14.08 – 21.08: Formation of the local correction.
Estimated pivot point is at a level of 1.3205.
Our opinion: In the short-term: sell the pair from correction below the level of 1.3205 with the target of 1.2785. In the medium-term: wait for the completion of the correction and buy the pair in case of the one-two one-toe impetus and confirming signals, with the target of 1.35 – 1.36.
Alternative scenario: Breakout and consolidation of the price above the level of 1.3205 will allow the pair to continue to rise up to1.35 – 1.36.
Analysis: Presumably, the formation of the third wave of the senior level iii of 5 has completed. Locally, it seems that the development of the correction as the fourth wave iv is ongoing and within this wave the first wave (a) has been formed as a diagonal. If this assumption is correct, then, following the local correction in the wave (b), the pair will continue to decline to the level of 1.2785. Critical level for this scenario is 1.3205. Breakdown of this level will enable the pair to continue the rise.
EUR/USD Wave analysis and forecast of 07.08 – 14.08: The pair is undergoing correction; the price is likely to rise.
Estimated pivot point is at a level of 1.0840.
Our opinion: Buy the pair from correction above the level of 1.0840 with the target of 1.1220 – 1.1435.
Alternative scenario: Breakout of the level of 1.0840 and consolidation below this level will trigger further decrease in price up to 1.07.
Analysis: Presumably, the third wave of the senior level 3 is being formed. Locally, it is likely that the first (i) and the second waves (ii) of the junior level have been formed. If this assumption is correct, the pair can continue to rise up to 1.12 – 1.14. Critical level for this scenario is 1.0840. Breakout of this level will enable the price to go down to 1.07.
GBP/USD Wave analysis and forecast of 07.08 – 14.08: The pair is likely to decline.
Estimated pivot point is at a level of 1.5640.
Our opinion: Sell the pair from correction below the level of 1.56400 with the target of 1.53 – 1.52. In case of breakdown of the level of 1.5640, buy the pair with the target of 1.58 – 1.60.
Alternative scenario: Breakout and consolidation of the price above the level of 1.5640 will allow the rise in the pair up to 1.58 – 1.60.
Analysis: Due to the continued flat, a scenario of the rise in the pair is temporary cancelled. It is likely that at the moment the pair is in the wave X, and the wave С of X is being developed. Locally it seems that a few one-two waves have been formed. If this assumption is confirmed, the pair will continue to go down to 1.54 – 1.52. Critical level for this scenario is 1.5640. 
USD/CHF Wave analysis and forecast for 07.08 – 14.08: Uptrend continues; local correction is possible.
Estimated pivot point is at a level of 0.9747.
Our opinion: Buy the pair from the correction above the level of 0.9747 with the target of 0.99. In case of breakdown of the level of 0.9747, sell the pair with the target of 0.9540.
Alternative scenario: Breakout and consolidation of the price below the level of 0.9519 will enable the pair to continue to decline to 0.93.
Analysis: Presumably, the formation of the third wave of the senior level 3 continues. It is likely that within this wave the third wave (iii) of 3 of the junior level is nearing completion. If this assumption is correct, the pair will continue to rise to 0.99 and from this level the “bearish” correction may begin. Critical level for this scenario is 0.9747.
USD/JPY Wave analysis and forecast of 07.08 – 14.08: Uptrend continues.
Estimated pivot point is at a level of 124.50.
Our opinion: Buy the pair from correction above the level of 124.50 with the target of 126.50.
Alternative scenario: Breakout and consolidation of the price below the level of 124.50 will make the pair continue to decline to 123.50 – 123.00.
Analysis: Presumably, the formation of the local correction as the wave (ii), which has reached the corrective level of 38%, has completed. Locally, it seems that the third wave (iii) is being formed, within which the third wave of the junior level iii of (iii) is being developed. If this assumption is correct and the price does not break down the critical level of 124.50, the pair will continue to rise up to 126.50. If the critical level is broken down, the pair will continue to decline to 123.50 – 123.00.
USD/СAD Wave analysis and forecast of for 07.08 – 14.08: Uptrend continues.
Estimated pivot point is at a level of 1.2857.
Our opinion: Wait for the completion of the correction and buy the pair above the level of 1.2857 with the target of 1.34.
Alternative scenario: Breakout and consolidation of the price below the level of 1.2857 will enable the pair to continue to decline to 1.2545.
Analysis: Presumably, the third wave of the senior level iii of 5 is still being formed, while within it the extension of the impetus is being developed. Locally, it is likely that the third wave of the junior level (iii) has completed and the correction as the wave (iv) is being developed. If this assumption is correct, after the completion of the correction the pair will continue to rise to the level of 1.34. Critical level for this scenario is 1.2857.
EUR/USD Wave analysis and forecast of 31.07 – 07.08: The pair is undergoing correction. The price is likely t grow.
Estimated pivot point is at a level of 1.0805.
Our opinion: Buy the pair from correction above the level of 1.0805 with the target of 1.1220 – 1.1435.
Alternative scenario: Breakout of the level of 1.0805 and consolidation below this level will trigger furtherи decrease in price up to 1.07.
Analysis: The formation of the first one-two wave (i) in the shape of the diagonal has completed in the assumed third wave of the senior level. Locally it is likely that the downward correction as the wave (ii) has completed. In case this assumption is confirmed and the price does not break down the critical level of 1.08, the price can continue to rise up to 1.12 – 1.14. Breakdown of the critical level will enable the price to continue to decline to 1.07.
GBP/USD Wave analysis and forecast of 31.07 – 07.08: The pair is likely to grow.
Estimated pivot point is at a level of 1.5460.
Our opinion: Buy the pair above the level of 1.5460 with the target of 1.58 – 1.61.
Alternative scenario: Breakout and consolidation of the price below the level of 1.5460 will allow the decline in the pair to continue to 1.50.
Analysis: Presumably, wave С of 2 continues to develop in the upward “bullish” correction of the senior level. At the moment, it is likely that the third wave iii of C is being developed, within which the corrective wave (ii) has completed and the third wave of the junior level (iii) started to develop. If this assumption is correct and the price does not break down the critical level of 1.5460, the pair will continue to grow to 1.63 in the third wave. 
USD/CHF Wave analysis and forecast for 31.07 – 07.08: Uptrend continues; local correction is possible.
Estimated pivot point is at a level of 0.9519.
Our opinion: Buy the pair from the correction above the level of 0.9519 with the target of 0.9840. In case of breakdown of the level of 0.9519 sell the pair with the target of 0.93.
Alternative scenario: Breakout and consolidation of the price below the level of 0.9519 will enable the pair to continue to decline to 0.93.
Analysis: Presumably, the formation of the third wave of the senior level 3 continues. Within this wave the third wave (iii) of 3 of the junior level has completed. Locally it seems that the decline has started within the correction as the fourth wave (iv) of iii. After the completion of the correction the rise in the pair is expected to continue. Critical level for this scenario is 0.951.
USD/JPY Wave analysis and forecast of 31.07 – 07.08: Local correction is being formed.
Estimated pivot point is at a level of 122.97.
Our opinion: Buy the pair from correction above the level of 122.97 with the target of 126.50.
Alternative scenario: Breakout and consolidation of the price below the level of 122.97 will enable the pair to continue decline to 121.90 as part of correction.
Analysis: Presumably, the formation of the local correction as the wave (ii), which has reached the corrective level of 38%, has completed. Locally, it seems that the third wave (iii) is being formed. If this assumption is correct and the price does not break down the critical level of 122.97, the pair will continue to rise up to 126.50. In case of breakdown of the critical level, the correction will continue to 50 – 62%.
USD/СAD Wave analysis and forecast of for 31.07 – 07.08: Uptrend continues.
Estimated pivot point is at a level of 1.3105.
Our opinion: In the short-term: sell the pair from the correction below the level of 1.3105 with the target of 1.27. In the medium-term: wait for the completion of the correction and buy the pair with the target of 1.33.
Alternative scenario: Breakout and consolidation of the price above the level of 1.3105 will enable the pair to continue the rise up to 1.33.
Analysis: Presumably, the formation of the third wave iii of 5 of the senior level, within which the impetus has formed, came to completion. Locally, it is likely that the “bearish” correction is being formed, within which a zigzag (a)(b)(c) can develop. If this assumption is correct, and the price does not break down the critical level of 1.3105, the pair will continue to decline to 1.27.
