wave analysis and forecast for 13.11 – 20.11

EUR/USD Wave analysis and forecast for 13.11 – 20.11: The pair is likely to grow.
Estimated pivot point is at a level of 1.0668.

Our opinion: Buy the pair above the level of 1.0668 with the target of 1.15.

Alternative scenario: Breakout and consolidation of the pair below the level of 1.0668 will enable the pair to continue decline to the levels of 1.06 – 1.0550.

Analysis: Presumably, the formation of the correction has completed as the wave 2 of the senior level, which took a shape of a double zigzag wxy. Locally, it seems that the formation of the zigzag in the wave y of 2 has completed, while one-two impetus (i) of the junior level is being developed in the wave 3. If this assumption is correct and the price does not break down the critical level of 1.0668, the pair can grow up to the level of 1.15.



GBP/USD Wave analysis and forecast for 13.11 – 20.11: 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 1.5021with the target of 1.56 – 1.58.

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 the wave c of B has completed and one-two impetus (i) of the junior level is being formed in the wave С of 2. If this assumption is correct and the price does not break down the critical level of 1.5021, the pair will continue to rise up to 1.55 – 1.56.



USD/CHF Wave analysis and forecast for 13.11 – 20.11: In the medium-term the pair is likely to decline.
Estimated pivot point is at a level of 1.0090.

Our opinion: Sell the pair below the level of 1.0090 with the target of 0.97 – 0.95.

Alternative scenario: Breakout and consolidation of the price above the level of 1.0090 will enable the pair to continue the rise p to 1.0200.

Analysis: Presumably, the formation of the double zigzag is nearing completion in the wave B. Locally, it is likely that the formation of the upward impetus in the wave (с) of y of B ahs completed. If this assumption is correct, the pair is likely to drop in the wave С оf 2.



USD/JPY Wave analysis and forecast for 13.11 – 20.11: The pair is likely to decline.
Estimated pivot point is at a level of 123.45.

Our opinion: Sell the pair below the level of 123.45 with the target of 120.24. In case of breakdown of the level of 123.45 buy the pair with the target of 124.50.

Alternative scenario: Breakout and consolidation of the price above the level of 123.45 will enable the pair to continue the rise up to the levels of 124.50.

Analysis: Presumably, the formation of the double zigzag wxy has completed in the wave B. At the moment, it seems that the one-two wave of the junior level is being formed in the wave C of 4. If this assumption is correct and the price does not break down the critical level of 123.45, the pair can drop to the level of 120.24.



USD/СAD Wave analysis and forecast for 13.11 – 20.11: The rise in the pair is nearing completion. The pair is going to decline in the meadium-term.
Estimated pivot point is at a level of 1.3219.

Our opinion: Sell the pair after breakdown and consolidation below the level of 1.3219 with the target of 1.30 - 1.2710.

Alternative scenario: Breakout and consolidation of the price below the level of 1.3219 will enable the pair to continue decline to 1.30 - 1.2710.

Analysis: Presumably, the formation of the upward correction is nearing completion in the wave b of А of 4, which has a shape of a zigzag. Locally it seems that the impetus in the wave(c) of b is nearing completion. If his assumption is correct, after breakdown of the level of 1.3219 the pair will begin to decline in the wave c of A. Critical level for this scenario is 1.3454. Breakdown of this level will trigger the rise in the pair to the levels of 1.3550 – 1.3600 within the long-term uptrend.