wave analysis and forecast of 25.09 – 02.10

EUR/USD Wave analysis and forecast of 25.09 – 02.10: “Bearish” correction continues.
Estimated pivot point is at a level of 1.13.

Our opinion: Sell the pair from correction below the level of 1.13 with the target of 1.0930 – 1.09. In case of breakdown of the level of 1.13, buy with the target of 1.17

Alternative scenario: Breakout of the level of 1.13 and consolidation below this level will allow the rise in price up to 1.17.

Analysis: Presumably, the formation of the correction within the second wave 2 of the senior level continues, within which a double zigzag wxy is being formed. Locally, it is likely that the third wave y of 2 is being developed, within which, supposedly, the impetus as the wave (a) of y of 2 has completed. If this assumption is correct, following the upward correction (b) of y, the pair will continue to decline to the levels of 1.0930 - 1.09. Critical level for this scenario is 1.13. Breakout of this level will enable the price to continue to rise up to 1.17 - 1.20.



GBP/USD Wave analysis and forecast of 25.09 – 02.10: Correction is nearing completion.
Estimated pivot point is at a level of 1.5064.

Our opinion: Wait for the completion of the fifth wave (v) and buy the pair at the breakdown of the level of 1.5064 with the target of 1.58 – 1.59.

Alternative scenario: Breakout and consolidation of the price below the level of 1.5064 will enable the pair to continue to decline to 1.49 – 1.48.

Analysis: Presumably, the formation of the senior level correction continues in the wave В of (2), which seems to take a shape of the irregular plane with the developing final wave c of B. Locally, it is likely that the diagonal in the wave с of B is being formed, within which the fifth final wave with the estimated level of 1.5060 is being formed. If this assumption is correct, it is possible that in the near future the price will reverse and start to rise in the wave С of (2).



USD/CHF Wave analysis and forecast for 25.09 – 02.10: The decline in the pair is likely to continue.
Estimated pivot point is at a level of 0.99.

Our opinion: Sell the pair on the breakdown and below the level of 0.9664 with the target of 0.9130.

Alternative scenario: Breakout and consolidation of the price above the level of 0.99 will enable the pair to rise up to 1.0 – 1.10.

Analysis: Presumably, the formation of the wave C continues in the second 2 wave of the senior level. Locally, it seems that the correction as the second wave (ii) of the junior level is nearing completion and within it the wave c of (ii) is being developed. If this assumption is correct and the price does not break down the critical level of 0.99, the pair will continue to decline to the level of 0.9130 within the third wave (iii) of the estimated diagonal in the wave C. Breakdown of the level of 0.9664 will serve as a confirmation of the emerging wave (iii).



USD/JPY Wave analysis and forecast of 25.09 – 02.10: Correction is nearing completion. The pair is likely to decline.
Estimated pivot point is at a level of 121.25.

Our opinion: Sell the pair from correction below the level of 121.25, or at the breakdown of the level of 119.20 with the target of 115.00 – 114.00.

Alternative scenario: Breakout and consolidation of the price above the level of 121.25 can trigger the rise in the up to the levels of 123.00 – 124.00.

Analysis: Presumably, the formation of the triangle within the wave of A of (4) of the estimated zigzag is nearing completion. Locally it is likely that the final wave (e) of b is close to completion. If this assumption is correct, the decline in the pair to the estimated target of 115.00 can resume. Critical level for this scenario is 121.25.



USD/СAD Wave analysis and forecast of for 25.09 – 02.10: Uptrend in the pair has resumed.
Estimated pivot point is at a level of 1.3015.

Our opinion: Buy the pair from correction above the level of 1.3015 with the target of 1.35 – 1.3550.

Alternative scenario: Breakout and consolidation of the price below the level 1.3015 will enable the decline in the pair to 1.29 – 1.28.

Analysis: Presumably, the formation of the upward impetus in the third wave of the senior level (3) continues. Locally it is likely that the development of the as the fourth wave (4) has completed and the fifth wave is being developed, which, judging by the first wave (i), will be formed in the shape of a diagonal. If this assumption is correct, it is likely that the pair will continue to rise up to the levels of 1.35 – 1.3550. Critical level for this scenario is 1.3015. Breakdown of this level will trigger the decline in the pair to the levels of 1.29 – 1.28.