Our opinion: Buy the pair from correction above the level of 1.0605 with the target of 1.12 – 1.15.
Alternative scenario: Breakout and consolidation of the pair below the level of 1.0605 the pair to continue decline to the levels of 1.0550 – 1.05.
Analysis: Presumably, the formation of the “bearish” correction has completed as the wave 2 of the senior level, which now takes a shape of a plane with extended impetus in the wave c of 2. Locally it seems that a small one-two impetus has been formed. If this assumption is correct, the pair is likely to rise up to 1.11 – 1.12 or higher. Critical level for this scenario is 1.0605.
GBP/USD Wave analysis and forecast for 20.11 – 27.11: The pair is likely to rise.
Estimated pivot point is at a level of 1.5021.
Our opinion: Buy the pair from correction above the level of 1.5021 with the target of 1.54 – 1.55.
Alternative scenario: Breakout and consolidation of the price below the level of 1.5021 will enable the pair to continue decline to 1.4950 – 1.4900.
Analysis: Presumably, the formation of the large “bearish” correction has completed in the wave B of 2. Locally, it is likely that one-two first wave of the junior level (i) is being formed. If this assumption is correct, the pair will continue to rise up to the levels of 1.54 – 1.55.
USD/CHF Wave analysis and forecast for 20.11 – 27.11: The rise in the pair has completed. The pair is likely to decline.
Estimated pivot point is at a level of 1.0216.
Our opinion: Sell the pair below the level of 1.0216 with the target of 0.98 – 0.95.
Alternative scenario: Breakout and consolidation of the price above the level of 1.0216 will enable the pair to continue the rise p to 1.0300.
Analysis: Presumably, the formation of the double zigzag wxy has completed in the wave B. Locally it seems that the formation of the upward impetus has completed in the wave (с) of y of B, while the development of the one-two wave (i) of the junior level has began. If this assumption is correct and the price does not break down the critical level of 1.0216, the pair can decline to the levels of 0.95 – 0.9245 in the wave С оf 2.
USD/JPY Wave analysis and forecast for 20.11 – 27.11: The pair is likely to decline.
Estimated pivot point is at a level of 123.80.
Our opinion: Sell the pair from correction below the level of 123.80 with the target of 121.30 – 118.00. In case of breakdown of the level of 123.80, buy the pair with the target of 124.50.
Alternative scenario: Breakout and consolidation of the price above the level of 123.80 enable the pair to continue the rise up to the levels of 124.50.
Analysis: Presumably, the formation of the upward correction as the wave B has completed in the fourth wave c of B, within which we can observe completed impetus and developed one-two impetus as the wave i of (i). If this assumption is correct and the price does not break down the critical level of 123.80, the pair will continue to decline to the levels of 121.30 – 118.00.
USD/СAD Wave analysis and forecast for 20.11 – 27.11: The pair is likely to decline.
Estimated pivot point is at a level of 1.3370.
Our opinion: Sell the pair from correction below the level of 1.3370 with the target of 1.30 - 1.28.
Alternative scenario: Breakout and consolidation of the price above the level of 1.3370 will enable the pair to continue the rise up to the levels of 1.3450 - 1.35.
Analysis: Presumably, the formation of the upward trend has completed in the wave b of A, which now has a shape of a zigzag. Locally, it is likely that the one-two wave (i) is being formed. If this assumption is correct and the price does not break down the critical level of 1.3370, it is possible that the pair will go down to 1.30 – 1.28 in the wave с of A.
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