Wave analysis and forecast for 08.07 – 15.07

EUR/USD: Wave analysis and forecast for 08.07 – 15.07: The pair is likely to decline.

Estimated pivot point is at the level of 1.1187.

Our opinion: Sell the pair from correction below the level of 1.1187 with the target of 1.09 – 1.08.

Alternative scenario: Breakout and consolidation of the price above the level of 1.1187 will trigger the rise in the pair up to 1.1424.

Analysis: Presumably, the formation of the downward correction of the senior level continues on 4-hour timeframe. At the moment, it is likely that the local correction of the junior level has completed in the wave ii of (с), which took a shape of a plane. If this assumption is correct, the pair will continue to decline to 1.09 – 1.08 in the wave iii. Critical level for this scenario is 1.1187. Breakout of this level will trigger further rise in the pair.





GBP/USD: Wave analysis and forecast for 08.07 – 15.07: Downtrend continues.

Estimated pivot point is at the level of 1.3055.

Our opinion: Sell the pair from correction below the level of 1.3055 with the target of 1.27. If the price breaks out and consolidates above 1.3055, buy with the target of 1.3630.

Alternative scenario: Decline in the pair below the level of 1.3055 will trigger the rise up to 1.3630 as part of the correction.

Analysis: Presumably, the formation of the first wave 1 of (5), which is taking a shape of a wedge, is nearing completion. Locally, it is likely that the fifth wave of the junior level v of 1 is being formed. If this assumption is correct after the completion of this wave the pair can continue to decline to the level of 1.27. Critical level for this scenario is 1.3055.





USD/CHF: Wave analysis and forecast for 08.07 – 15.07: The pair is likely to decline.

Estimated pivot point is at the level of 0.9838.

Our opinion: Sell the pair from correction below the level of 0. 0.9838 with the target of 0.9510 – 0.93.

Alternative scenario: Breakout and consolidation of the price above the level of 0.9838 may trigger further rise up to 1.0 – 1.0100.

Analysis: Presumably, the formation of the third wave iii of the senior level continues. Currently, it seems that upward correction as the wave (ii) has completed. If this assumption is correct the pair can decline to 0.9510 – 0.93 in the third wave (iii). Critical level for this scenario is 0.9838. Breakout of this level will trigger the rise in price.





USD/JPY: Wave analysis and forecast for 08.07 – 15.07: Downtrend continues.

Estimated pivot point is at the level of 101.47.

Our opinion: Sell the pair from correction below the level of 101.47 with the target of 97.70. In case of breakout of the level of 101.47, buy with the target of 103.38.

Alternative scenario: Breakout and consolidation of the price above the level of 101.47 will trigger further rise up to 103.38.

Analysis: Presumably, the formation of the long-term downtrend continues. It is assumed that within this trend the fifth wave is being developed. At the moment, it seems that the final fifth wave of the junior level (v) is being formed. If this assumption is correct, the pair can go down to the level of 97.70. Critical level for this scenario is 101.47.





USD/CAD: Wave analysis and forecast for 08.07 – 15.07: The pair is likely to rise.

Estimated pivot point is at the level of 1.2876.

Our opinion: Buy the pair from correction above the level of 1.2876 with the target of 1.3175. If the price consolidates below the level of 1.2876, sell with the target of 1.2630.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.2876 will trigger further decline to 1.2630 – 1.25.

Analysis: Presumably, the formation of the upward correction is nearing completion in the wave B of the senior level. At the moment, it seems that the wave с of B is being developed, within which the fifth wave (v) of the diagonal triangle is being formed. If this assumption is correct, the pair may continue to rise to 1.3175. Critical level for this scenario is 1.2876.

Wave analysis and forecast for 29.04 – 06.05

EUR/USD: Wave analysis and forecast for 29.04 – 06.05: Uptrend continues.
Estimated pivot point is at the level of 1.1269.

Our opinion: Buy the pair from correction above the level of 1.169 with the target of 1.16 – 1.17.

Alternative scenario: Breakout and consolidation of the price below the level of 1.1269 will allow the pair to continue to decline to 1.1130 – 1.1040.

Analysis: Presumably, the formation of the correction as the wave (ii) of iii has completed. At the moment it seems that the third wave (iii) is being developed. If this assumption is correct, the pair will continue to rise up to 1.16 – 1.17. Critical level for this scenario is 1.1269. If this level is broken down, the pair will continue to decline to 1.1130.




GBP/USD: Wave analysis and forecast for 29.04 – 06.05: The pair continues to grow.
Estimated pivot point is at the level of 1.4513.

Our opinion: Buy the pair from correction above the level of 1.4513 with the target of 1.4724 - 1.4800. In case of breakdown of the level of 1.4513 and consolidation of the price below this level, sell with the target of 1.4044.

Alternative scenario: Breakout and consolidation of the price below the level of 1.4513 will enable the pair to continue decline to the level of 1.4044.

Analysis: Presumably, the formation of the upward correction as the fourth wave of the senior level continues. Locally, it seems that the wave с of 4 is being developed, within which an impetus is being formed and the final fifth wave. If this assumption is correct, the pair will continue to rise up to 1.4724 – 1.48.




USD/CHF: Wave analysis and forecast for 29.04 – 06.05: The pair is likely to decline.
Estimated pivot point is at the level of 0.9800.

Our opinion: Buy the pair from correction below the level of 0.9580 with the target of 0.94 – 0.93 or lower.

Alternative scenario: Breakout and consolidation of the price above the level of 0.9800 will allow the pair to continue the rise to 0.99 – 1.00.

Analysis: Presumably, the formation of the upward correction has completed as the second wave ii, which took a shape of the zigzag. Currently, it seems that the third wave iii is being developed. If this assumption is correct the pair will continue to decline in the medium-term downtrend. Critical level for this scenario is 0.9800.




USD/JPY: Wave analysis and forecast for 29.04 – 06.05: The decline in the pair continues.
Estimated pivot point is at the level of 108.70.

Our opinion: Sell the pair from correction below the level of 108.70 with the target of 106.00 – 105.00.

Alternative scenario: Breakout and consolidation of the price above the level of 108.70 will trigger the rise in the pair up to the levels of 110.70 – 112.00.

Analysis: Presumably, the formation of the downward impetus continues in the third wave of the senior level. At the moment it is likely that the fifth wave is being developed (v) of iii, within which an impetus as the fifth wave of the junior level v of (v) is being formed. If this assumption is correct, the pair may continue to decline to 106.00 – 105.00. Critical level for this scenario is 108.70.




USD/CAD: Wave analysis and forecast for 29.04 – 06.05: Downtrend continues.
Estimated pivot point is at the level of 1.2754.

Our opinion: Sell the pair from correction below the level of 1.2754 with the target of 1.2250 – 1.22.

Alternative scenario: Breakdown and consolidation of the price above the level of 1.2754 will enable the pair to continue the rise up to 1.2990 – 1.3220.

Analysis: Presumably, the formation of the downward impetus continues in the wave A. At the moment it seems that the fifth wave is being developed (v) of v of A. If this assumption is correct, and the price does not break out the critical level of 1.2754, the price may decline to 1.2250 – 1.22.

Wave analysis and forecast for 22.04 – 29.04

EUR/USD: Wave analysis and forecast for 22.04 – 29.04: The pair is undergoing correction.
Estimated pivot point is at the level of 1.1397.

Our opinion: In the short-term: sell the pair below the level of 1.1397 with the target of 1.1130. In the medium-term: wait for the completion of the correction and buy in case of the confirming signals. After breakout of the level of 1.1397, sell with the target of 1.15 – 1.16.

Alternative scenario: Breakout and consolidation of the price above the level of 1.1397 will allow the pair to continue the rise up to 1.15 – 1.16.

Analysis: Presumably, the formation of the third wave 3 of the senior level continues, in which the extension is likely to be formed. At the moment, it seems that the wave (i) of iii of 3 has completed and the correction as the wave (ii) is being formed. If this assumption is correct, after the completion of the correction the pair will continue to rise to 1.16 and above. Critical level for this scenario is 1.1397. In case of breakout of this level the pair will continue to rise.




GBP/USD: Wave analysis and forecast for 22.04 – 29.04: The pair is likely to decline.
Estimated pivot point is at the level of 1.4440.

Our opinion: Sell the pair from correction below the level of 1.4440 with the target of 1.4070 – 1.3820.

Alternative scenario: Breakout and consolidation of the price above the level of 1.4440 will enable the pair to continue the rise up to the level of 1.46 – 1.47.

Analysis: Presumably, the formation of the upward correction as the fourth wave of the senior level has completed. Locally, it seems that the wedge has been formed, which supposedly is the wave с of 4. If this assumption is correct, the pair may decline to 1.4074 – 1.3820. Critical level for this scenario is 1.4440. Breakout of this level will trigger the rise in the pair up to 1.46 – 1.47.




USD/CHF: Wave analysis and forecast for 22.04 – 29.04: The pair is likely to grow within correction.
Estimated pivot point is at the level of 0.9580.

Our opinion: Buy the pair from correction above the level of 0.9580 with the target of 0.98 – 1.00.

Alternative scenario: Breakout and consolidation of the price below the level of 0.9580 will allow the pair to continue decline to 0.95 – 0.94.

Analysis: Presumably, the formation of the wedge, as the first wave i of C on the daily time-frame, has completed. At the moment upward correction as the wave ii of C is developing, within which the wedge as the wave (a) is being formed. If this assumption is correct, the pair will continue to rise up to 0.98 – 1.0. Critical level for this scenario is 0.9580.




USD/JPY: Wave analysis and forecast for 22.04 – 29.04: The pair is likely to grow.
Estimated pivot point is at the level of 107.80.

Our opinion: Buy the pair from correction above the level of 107.80 with the target of 114.00.

Alternative scenario: Breakout and consolidation of the price below the level of 107.80 will trigger the decline in the pair to the levels of 106.60 – 106.00.

Analysis: Presumably, the formation of the downward impetus has completed in the third wave of the senior level. At the moment it is likely that upward correction of the senior level is being formed as the fourth wave. Supposedly within this wave the first wave of the junior level (a) of iv is being formed. If this assumption is correct, the pair may rise up to 114.00. Ctitical level for this scenario is 107.80.




USD/CAD: Wave analysis and forecast for 22.04 – 29.04: The pair is likely to rise.
Estimated pivot point is at the level of 1.2590.

Our opinion: Buy the pair from correction above the level of 1.2590 with the target of 1.2990 – 1.32.

Alternative scenario: Breakdown and consolidation of the price below the level of1.2590 will enable the pair to continue the decline to 1.25 – 1.24.

Analysis: Presumably, the formation of the downward impetus has completed in the wave A. At the moment it seems that the pair is going to reverse and undergo correction. If this assumption is correct, and the price does not break out the critical level of 1.2590, the pair will continue to rise up to 1.2990 – 1.32.

Wave analysis and forecast for 01.04 – 08.04

EUR/USD: Wave analysis and forecast for 01.04 – 08.04: The pair continues to rise.
Estimated pivot point is at the level of 1.1140.

Our opinion: Buy the pair from correction above the level of 1.1140 with the target of 1.16 – 1.1750.

Alternative scenario: Breakout and consolidation of the price below the level of 1.1140 will allow the pair to continue to decline to 1.1050 – 1.0820.

Analysis: Presumably, the formation of the third wave 3 of the senior level continues, in which the extension may be formed. At the moment, it is likely that the third wave iii of 3 is being formed, in which an impetus may be formed. If this assumption is correct, in the medium-term the pair can rise up to 1.16 – 1.1750. Critical level for this scenario is 1.1140. Breakout of this level may trigger decline in the pair to 1.1050 – 1.0820.






GBP/USD: Wave analysis and forecast for 01.04 – 08.04: The pair is likely to decline.
Estimated pivot point is at the level of 1.4460.

Our opinion: Sell the pair from correction below the level of 1.4460 with the target of 1.36 – 1.34.

Alternative scenario: Breakout and consolidation of the price above the level of 1.4460 will enable the pair to continue the rise up to the level of 1.47.

Analysis: Presumably, the formation of the fifth wave of the senior level continues. Locally, it is likely that the one-two impetus as the first wave i of 5 has developed, and upward correction ii of 5 has completed. If this assumption is correct, the pair may decline to 1.36 – 1.34. Critical level for this scenario is 1.4460.





USD/CHF: Wave analysis and forecast for 01.04 – 08.04:Downtrend continues. Upward correction is possible.
Estimated pivot point is at the level of 0.9660.

Our opinion: In the short-term: buy the pair above the level of 0.9660 with the target of 0.9850. In the medium-term: wait for the completion of the correction and sell the pair with the target of 0.94 – 0.9245.

Alternative scenario: The pair will continue to decline to the levels of 0.95 – 0.94.

Analysis: Presumably, the formation of the downward impetus continues in the third wave iii of C. At the moment it is likely that the third wave of the junior level (iii) of iii is being developed within which the first wave i of (iii) seems to finish and upward correction as the wave ii of (iii) is likely to develop. If this assumption is correct, the pair can rise up to 0.9850. After the completion of the correction the pair may decline to the levels of 0.94 – 0.9245.





USD/JPY: Wave analysis and forecast for 01.04 – 08.04:Downtrend dominates.
Estimated pivot point is at the level of 113.84.

Our opinion: Sell the pair from correction below the level of 113.84 with the targets of 107.00 – 106.60.

Alternative scenario: Breakout and consolidation of the price above the level of 113.84 will trigger rise up to the level of 116.00.

Analysis: Presumably the formation of the downward impetus continues in the third wave of the senior level. At the moment it is likely that the fifth wave (v) of iii is being formed, within which one-two wave of the junior level i of (v) has been formed and the correction ii of (v) has completed. If this assumption is correct, the pair will continue to decline to 106.60. Critical level for this scenario is 113.84.





USD/СAD: Wave analysis and forecast for 01.04 – 08.04: The pair is likely to grow as part of the correction.
Estimated pivot point is at the level of 1.2850.

Our opinion: Buy the pair from correction above the level of 1.2850 with the target of 1.3290 – 1.37.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.2850 will enable the pair to continue decline to 1.2658 – 1.26.

Analysis: Presumably, the formation of the downward impetus has completed in the wave A. At the moment, it is likely that the “bearish” impetus of the junior level has completed in the fifth wave v of A and the pair is reversing towards correction. If this assumption is correct and the price does not break down the critical level of 1.2850, the pair can rise up to 1.3290 – 1.37.

Wave analysis and forecast for 25.03 – 01.04

EUR/USD: Wave analysis and forecast for 25.03 – 01.04: The pair is undergoing correction.
Estimated pivot point is at the level of 1.1340.

Our opinion: Sell the pair from correction below the level of 1.1340 with the target of 1.1050 – 1.0820. In case of breakout of the level of 1.1340 buy with the target of 1.15 – 1.16.

Alternative scenario: Breakout and consolidation of the price above the level of 1.1340 will allow the pair to continue the rise up to 1.15 – 1.16.

Analysis: Presumably, the formation of the fifth wave (v) of i of 3 has completed. Locally it is likely that the correction has begun as the wave ii of 3, within which the first wave (a) of ii os being developed. If this assumption is correct, the pair may continue to decline to 1.1050 – 1.0820. Critical level for this scenario is 1.1340. Breakdown of this level will trigger the rise in the pair to 1.15 – 1.16.




GBP/USD: Wave analysis and forecast for 25.03 – 01.04:Downtrend has resumed.
Estimated pivot point is at the level of 1.4507.

Our opinion: Sell the pair from correction below the level of 1.4507 with the target of 1.36 – 1.34.

Alternative scenario: Breakout and consolidation of the price above the level of 1.4507 will enable the pair to continue the rise up to the level of 1.47.

Analysis: Presumably, the formation of the upward correction as the fourth wave 4 of the senior level, which took the shape of a zigzag, has completed. Locally it seems that the first one-two wave as an impetus (i) has developed. If this assumption is correct after the completion of the correction the pair may decline to the levels of 1.36 – 1.34. Critical level for this scenario is 1.4507.





USD/CHF: Wave analysis and forecast for 25.03 – 01.04: The pair is likely to decline.
Estimated pivot point is at the level of 0.9912.

Our opinion: Sell the pair from correction below the level of 0.9912 with the target of 0.95 – 0.9470.

Alternative scenario: Breakout and consolidation of the price above the level of 0.9912 will allow the pair to continue the rise up to the level of 1.0130 - 1.02.

Analysis: Presumably, the formation of the downward impetus continues in the third wave iii of C. At the moment it is likely that the third wave of the junior level (iii) of iii is being developed, within which local correction as the fourth wave of the junior level iv of (iii) is nearing completion. If this assumption is correct, after the completion of the correction the pair will continue to decline to 0.95. Critical level for this scenario is 0.9912.





USD/JPY: Wave analysis and forecast for 25.03 – 01.04:Correction is nearing completion. The pair is likely to decline.
Estimated pivot point is at the level of 113.84.

Our opinion: Sell the pair from correction below the level of 113.84 with the targets of 107.00 – 106.60.

Alternative scenario: Breakout and consolidation of the price above the level of 113.84 will trigger rise up to the level of 116.00.

Analysis: Presumably the formation of the downward impetus continues in the third wave of the senior level. At the moment it is likely that the upward correction as the fourth wave (iv) of iii, which has taken a shape of a triangle, has completed. The fifth wave (v) of iii, is being developed, within which one-two wave of the junior level i of (v) has been formed. If this assumption is correct, in the near future the pair will continue to decline 106.60. Critical level for this scenario is 113.84.





USD/СAD: Wave analysis and forecast for 25.03 – 01.04: The pair is likely to grow.
Estimated pivot point is at the level of 1.2914.

Our opinion: Buy the pair from correction above the level of 1.2914 with the target of 1.38.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.2914 will enable the pair to continue decline to 1.2658.

Analysis: Presumably, the formation of the downward impetus has completed in the wave A. At the moment, it is likely that the upward correction is being developed as the wave B, within which the first wave a of B as an impetus is being developed. If this assumption is correct, in the short-term the pair will continue to rise to 1.38 – 1.40. Critical level for this scenario is 1.2914.