Estimated pivot point is at a level of 1.1080.
Our opinion: Buy the pair from corrections above the level of 1.1080 with a target of 1.1850 – 1.20.
Alternative scenario: Breakout of the level 1.1080 and consolidation below will allow the pair to continue declining to levels 1.10 – 1.09 as part of the second wave.
Analysis: Supposedly, a bearish correction in a form of the second wave ii has stopped forming within the third wave 3 of senior level. Apparently, the first counter-trend wave f junior level (i) of iii of 3 is forming locally. If this assumption is correct, the pair will continue to grow to 1.1850 – 1.20. The level of 1.1080 is critical in this scenario as the breakout will enable the pair to continue declining as part of the second wave ii of 3 to the levels 1.10 – 1.09.
GBP/USD Wave analysis and forecast of 11.09 – 18.09: The pair is expected to grow.
Estimated pivot point is at a level of 1.5160.
Our opinion: Buy the pair from corrections above the level of 1.5160 with a target of 1.5822 – 1.59.
Alternative scenario: Breakout and consolidation below the level of 1.5160 will allow the pair to continue declining to the levels of 1.50 – 1.49.
Analysis: Supposedly, a big correction of senior level stopped forming within the wave X, currently shaped like a plane. Apparently, the first wave is forming locally, with an impetus expected to develop to 1.58 within. The level of 1.5160 is critical in this scenario.
USD/CHF Wave analysis and forecast for 11.09 – 18.09: The pair is expected to decline.
Estimated pivot point is at a level of 0.9820.
Our opinion: Sell the pair from corrections below the level of 0.9820 with a target at . Buy the pair with the target of 1.0 – 1.10 in case the level at 0.9820 is broken.
Alternative scenario: Breakout and consolidation above the level of 0.9820 will allow the pair to continue the rise up to the levels of 1.0 – 1.10.
Analysis: Supposedly, the wave C continues to form within the second wave (2) of senior level. Apparently, a correction in a form of the zigzag-shaped second wave (ii) of junior level is completed. If the assumption is correct, the pair will continue to drop to as part of the third wave (iii) of an expected diagonal in the wave C. The local maximum level of 0.9820 is critical in this scenario.
USD/JPY Wave analysis and forecast of 11.09 – 18.09: Correction is going on, pair still may fall.
Estimated pivot point is at a level of 125.25.
Our opinion: Sell the pair below the level of 125.25 with a target at 115.00 – 114.00.
Alternative scenario: Breakout and consolidation above the level of 125.25 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 wave A of (4) is forming locally, with an ascending correction in a form of wave b of A developing within. If the assumption is correct, once the wave (c) of b is completed, the pair would reverse at about 123.00 and continue dropping as part of wave c of A to the levels at 115.00 – 114.00. The level 125.25 is critical in this scenario.
USD/СAD Wave analysis and forecast of for 11.09 – 18.09: The pair is expected to fall due to correction.
Estimated pivot point is at a level of 1.3320.
Our opinion: Sell the pair from corrections below the level of 1.3320 with a target at 1.2935.
Alternative scenario: Breakout and consolidation above the level of 1.3320 will allow the pair to continue rising to a level of 1.35.
Analysis: Supposedly, the formation of an ascending impetus within the third wave of senior level (3) is completed. Apparently, the pair is reversing at the moment. If the assumption is correct, the pair will logically continue to drop to a level of 1.2935. The level of 1.3320 is critical in this scenario as the breakout will make the pair continue rising to about 1.35.
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