EUR/USD Wave analysis and forecast for 18.12 – 25.12: The pair is undergoing correction. In the medium-term the rise in the pair may continue.
Estimated pivot point is at a level of 1.0520.
Our opinion: Buy the pair from correction above the level of 1.0520 with the target of 1.15 – 1.20.
Alternative scenario: Breakout and consolidation of the price below the level of 1.0520 will enable the pair to continue to decline to the levels of 1.0450 – 1.04.
Analysis: The formation of the one-two wave i of 3, which has taken a shape of a wedge, has completed. Currently, it is likely that the local correction is being formed as the wave ii of 3. If this assumption is correct and the price does not breakdown the critical level of 1.0520, after the completion of the correction the pair will continue to rise up to the levels of 1.15 – 1.20.
GBP/USD Wave analysis and forecast for 18.12 – 25.12: The pair continues to decline.
Estimated pivot point is at a level of 1.5236.
Our opinion: Buy the pair from the correction after breakdown of the level of 1.5236 with the target of 1.57 – 1.59.
Alternative scenario: Breakout and consolidation of the price above the level of 1.5236 will trigger the rise in the pair to the levels of 1.57 – 1.59.
Analysis: Presumably, the formation of the “bearish” correction as the wave B of the senior level is ongoing. At the moment, the decline in the pair is ongoing in triples, which offers a probability of the development of the final diagonal triangle in the wave c of B. If this assumption is correct, in the near future the pair can reverse and begin to rise to the level of 1.5236. Breakdown of this level will confirm the reversal and a chance of the uptrend in the uptrend in the medium term.
USD/CHF Wave analysis and forecast for 18.12 – 25.12: Probability of decline in the pair remains.
Estimated pivot point is at a level of 1.0329.
Our opinion: Sell the pair from correction below the level of 1.0329 with the target of 0.95.
Alternative scenario: Breakout and consolidation of the price above the level of 1.0329 will trigger the rise in the pair to the levels of 1.04 – 1.05.
Analysis: Presumably, the formation of the downward momentum as the one-two first wave i of C, has completed. Locally, it seems that the upward correction ii of C is being formed. If this assumption is correct, the decline in the pair is likely to continue. Critical level for this scenario is 1.0329. Breakdown of this level will cause the rise in the pair up to 1.04 – 1.0440.
USD/JPY Wave analysis and forecast for 18.12 – 25.12: The pair is likely to decline.
Estimated pivot point is at a level of 123.55.
Our opinion: Sell the pair from correction below the level of 123.55 with the target of 118.00 – 116.00. In case of breakdown of the level of 123.47 buy with the target of 124.50.
Alternative scenario: Breakout and consolidation of the price above the level of 123.55 will enable the pair to continue the rise up to the level of 124.50.
Analysis: Presumably, the formation of the first one-two wave I has completed in the wave C of the senior level. At the moment, it is likely that the local correction is being formed as the wave ii. If this assumption is correct, after the completion of the correction the pair will continue to decline to the levels of 118.00 – 116.00. Critical level for this scenario is 123.55. Breakdown of this level will enable continuation of the uptrend.
USD/СAD Wave analysis and forecast for 18.12 – 25.12: The pair continues to rise.
Estimated pivot point is at a level of 1.3669.
Our opinion: Buy the pair from correction above the level of 1.3669 with the target of 1.42.
Alternative scenario: Breakout and consolidation of the price below the level of 1.3669 will enable the pair to continue decline to the levels of 1.32 - 1.28, as part of the correction of the senior level.
Analysis: Presumably, the formation of the upward momentum continues in the fifth wave of the senior level 5 of (3) on the daily timeframe. Locally, it is likely that the momentum of the junior level is being formed in the fifth wave v of 5. If this assumption is correct, the pair will continue to rise up to 1.42. Critical level for this scenario is 1.3669. 
EUR/USD Wave analysis and forecast for 11.12 – 18.12: The pair is likely to grow.
Estimated pivot point is at a level of 1.0520.
Our opinion: Buy the pair from correction above the level of 1.0520 with the target of 1.15 – 1.20.
Alternative scenario: Breakout and consolidation of the price below the level of 1.0520 will trigger the decline in the pair to the levels of 1.0450 – 1.04.
Analysis: The formation of the “bearish” correction as the wave 2 has completed. At the moment, it is likely that the third wave 3 is being developed, in which the first wave i of 3 is being formed. If this assumption is correct and the price does not break down the critical level of 1.0520, the pair will continue to rise up to the levels of 1.15 – 1.20.
GBP/USD Wave analysis and forecast for 11.12 – 18.12: The pair is likely to rise.
Estimated pivot point is at a level of 1.4950.
Our opinion: Buy the pair from the correction above the level of 1.4950 with the target of 1.5330 – 1.55.
Alternative scenario: Breakout and consolidation of the price below the level of 1.4950 will trigger the decline in the pair to 1.4800 – 1.4750.
Analysis: Presumably, the formation of the large “bearish” correction has completed in the wave B of 2, and the wave C of the senior level is being developed. Locally, it is likely that one-two wedge as the wave (i) is being developed. If this assumption is correct and the price does not break down the critical level of 1.4950, the pair can continue to rise to the levels of 1.5330 – 1.55.
USD/CHF Wave analysis and forecast for 11.12 – 18.12: A chance of decline in the pair remains.
Estimated pivot point is at a level of 1.0329.
Our opinion: Sell the pair from correction below the level of 1.0329 with the target of 0.95.
Alternative scenario: Breakout and consolidation of the price above the level of 1.0329 will enable the rise in the pair to the levels of 1.04 – 1.05.
Analysis: Presumably, the correction as the wave 2 is being formed on the daily timeframe, which is likely to take shape of the irregular plane. At the moment, it is likely that one-two impetus of the junior level (i) has been formed in the wave С of 2. If this assumption is correct and the price does not break down the critical level of 1.0329, after the completion of the local correction the pair will continue to decline to the level of 0.95.
USD/JPY Wave analysis and forecast for 11.12 – 18.12: The pair is likely to decline.
Estimated pivot point is at a level of 123.47.
Our opinion: Sell the pair from correction below the level of 123.47 with the target of 120.00 – 117.00. In case of breakdown of the level of 123.47 buy the pair with the target of 124.50.
Alternative scenario: Breakout and consolidation of the price above the level of 123.47 will enable the pair to continue the rise up to the level of 124.50.
Analysis: Presumably, the formation of the upward impetus in the wave c of B of 4 has completed. At the moment, it seems that the wave C of the senior level is being formed, within which one-two impetus is likely to be developed. If this assumption is correct and the price does not break down the critical level of 123.47, the pair will continue to fall to the levels of 120.00 – 117.00.
USD/СAD Wave analysis and forecast for 11.12 – 18.12: Uptrend continues.
Estimated pivot point is at a level of 1.3437.
Our opinion: Buy the pair from correction above the level of 1.3437 with the target of 1.38 – 1.39.
Alternative scenario: Breakout and consolidation of the price below the level of 1.3437 will enable the pair to continue decline to the levels of 1.30 - 1.28 within the correction of the senior level.
Analysis: Presumably, the formation of the upward momentum continues in the fifth wave of the senior level within the daily timeframe. Locally, it is likely that the “bullish” momentum as the fifth wave v of 5 of the junior level is being formed, with the target level of 1.3878. If this assumption is correct and the price does not break down the critical level of 1.3437, the pair will continue to rise. 
EUR/USD Wave analysis and forecast for 
04.12 – 11.12: The pair is likely to grow.
Estimated pivot point is at a level of 1.0520.
Our opinion: Buy the pair from correction above the level of 1.0520 with the target of 1.12 – 1.15.
Alternative scenario: Breakout and consolidation of the price below the level of 1.0520 will enable the pair to continue to decline to the levels of 1.0450 – 1.04.
Analysis: Presumably, the formation of the “bearish” impetus in the wave c of 2 has completed. 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 (i) has been formed as an impetus. If this assumption is correct, after the completion of the correction (ii), it makes sense to expect that the pair will continue to grow to the levels of 1.12 – 1.14. Critical level for this scenario is 1.0520.
GBP/USD Wave analysis and forecast for 04.12 – 11.12: The pair is likely to rise.
Estimated pivot point is at a level of 1.4890.
Our opinion: Buy the pair from the correction above the level of 1.4890 with the target of 1.5330 – 1.54.
Alternative scenario: Breakout and consolidation of the price below the level of 1.4890 trigger the decline of the pair to the levels of 1.4800 – 1.4750.
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 developing. Locally, it is likely that one-two impetus of the junior level (i) has formed and the correction as the wave (ii) is developing at the moment. If this assumption is correct and the price does not break down the critical level of 1.4890, after the completion of the correction the pair is likely to continue the rise up to the levels of 1.5330 – 1.54.
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 04.12 – 11.12: The pair is likely to decline.
Estimated pivot point is at a level of 123.65.
Our opinion: Sell the pair from correction below the level of 123.65 with the target of 122.00 – 121.00. In case of breakdown of the level of 123.65, buy the pair with the target of 124.50.
Alternative scenario: Breakout and consolidation of the price above the level of 123.65 will enable the pair to continue the rise up to 124.50.
Analysis: Presumably, the formation of the upward correction in the wave c of B of 4 has completed. At the moment, it seems that the wave C of the senior level is developing, in which one-two impetus is being formed (i). If this assumption is correct and the price does not break down the critical level of 123.65, the pair will continue to decline to the level of 121.00.
USD/СAD Wave analysis and forecast for 04.12 – 11.12: The pair is likely to decline.
Estimated pivot point is at a level of 1.3407.
Our opinion: Sell the pair from correction below the level of 1.3407 with the target of 1.30 - 1.28.
Alternative scenario: Breakout and consolidation of the price above the level of 1.3407 will enable the pair to continue the rise up to the levels of 1.3480 - 1.35.
Analysis: Presumably, the formation of the double zigzag wxy has completed in the wave B of 4. Locally, it is likely that one-two wave (i) of the junior level has developed, as well as the correction to it (ii). If this assumption is correct and the price does not break down the critical level of 1.3407, the pair can decline to the levels of 1.30 - 1.28 in the wave С of 4. 
