wave analysis and forecast for 27.11 – 04.12

EUR/USD Wave analysis and forecast for 27.11 – 04.12: The pair is likely to grow.
Estimated pivot point is at a level of 1.0557.

Our opinion: Buy the pair from correction above the level of 1.0557 with the target of 1.12 – 1.15.

Alternative scenario: Breakout and consolidation of the pair below the level of 1.0557 will enable the pair to continue decline to the levels of 1.05 – 1.0450.

Analysis: Presumably, the formation of the “bearish” impetus has completed in the wave c of 2. Locally, it seems that the fifth wave (v), which took a shape of a wedge, has completed and one-two wave of the junior level is being formed. If this assumption is correct, and the price does not break down the critical level of 1.0557, the pair can rise in the third wave of the senior level.



GBP/USD Wave analysis and forecast for 27.11 – 04.12: The pair is likely to rise.
Estimated pivot point is at a level of 1.5134.

Our opinion: Buy the pair on the breakdown and above the level of 1.5134 with the target of 1.54 – 1.55.

Alternative scenario: Breakout and consolidation of the price below the level of 1.5021 will trigger the decline of the pair to the levels of 1.4950 – 1.4900.

Analysis: Presumably, the formation of the large “bearish” correction has completed in the wave B of 2, while the wave C of the senior level is being developed. Locally, it is likely that one-two impetus of the junior level (i) has been formed and the correction as the wave (ii) has completed at the moment, taking a shape of a plane abc. If this assumption is correct and the price does not break down the critical level of 1.5020, the pair can rise up to the levels of 1.5420 – 1.5520. Breakdown of the level of 1.5134 will be a confirmation of the reversal and the beginning of the rise in the pair.



USD/CHF Wave analysis and forecast for 27.11 – 04.12: Uptrend is nearing completion. The pair is likely to decline.
Estimated pivot point is at a level of 1.0139.

Our opinion: Sell the pair below the level of 1.0139 with the target of 0.98 – 0.95.

Alternative scenario: Breakout and consolidation of the price above the level of 1.0139 will trigger the decline in the pair to the levels of 0.98 – 0.95.

Analysis: The formation of the upward impetus in the wave (c) of y of В is nearing completion. Locally, it is likely that the fifth wave of the junior level v of (c) is being developed, within which the extension is being formed that can take a shape of a wedge. If this assumption is correct, in the near future the pair can reverse and start to decline. In this situation it is risky to buy a pair, however it makes sense to sell the pair below the level of 1.0139. Breakdown of this level will confirm that the reversal has formed and, therefore, the pair can decline.



USD/JPY Wave analysis and forecast for 27.11 – 04.12: The pair is likely to decline.
Estimated pivot point is at a level of 123.74.

Our opinion: Sell the pair from correction below the level of 123.74 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 123.74 will enable the pair to continue the rise up to 124.50.

Analysis: Presumably, the formation of the upward correction as the wave B has completed in the fourth wave (4). At the moment, it is possible that the wave C of the senior level is being developed, within which one-two impetus (i) is being formed. Critical level for this scenario is 123.25.



USD/СAD Wave analysis and forecast for 27.11 – 04.12: The pair is likely to decline.
Estimated pivot point is at a level of 1.3438.

Our opinion: Sell the pair from correction below the level of 1.3438 with the target of 1.30 - 1.28.

Alternative scenario: Breakout and consolidation of the price above the level of 1.3438 will enable the pair to continue the rise up to the levels of 1.35 - 1.3550.

Analysis: Presumably, the formation of the double zigzag wxy has completed in the wave B of 4. Locally, it seems that the reversal is being formed, as well as the one-two wave i of the junior level. If this assumption is correct and the price does not break down the critical level of 1.3438, the pair can decline to the levels of 1.30 - 1.28 in the wave С of 4.