Wave analysis and forecast for 26.02 – 04.03

EUR/USD:Wave analysis and forecast for 26.02 – 04.03 :Uptrend continues.
Estimated pivot point is at the level of 1.0950.

Our opinion: Buy the pair from correction above the level of 1.0950 with the target of 1.15 – 1.16.

Alternative scenario: Breakout and consolidation of the price below the level of 1.0950 will allow the pair to continue decline to 1.06 – 1.05.

Analysis: Presumably, the development of the third wave of the senior level continues. Locally, it seems that the downward correction as the fourth wave (iv) of the junior level has completed. If this assumption is correct, the pair will to rise to 1.1500 – 1.1600 in the fifth wave (v) of iii. Critical level for this scenario is 1.0950. Breakdown of this level will trigger decline in the pair to 1.06 – 1.05.




GBP/USD: Wave analysis and forecast for 26.02 – 04.03:Downtrend continues.
Estimated pivot point is at the level of 1.4213.

Our opinion: Sell the pair from correction below the level of 1.4213 with the targets of 1.3750 – 1.34.

Alternative scenario: Breakout and consolidation of the price above the level of 1.4213 will enable the pair to continue the rise to the levels of 1.4250 – 1.4350.

Analysis: Presumably, “bearish” impetus continues to develop in the third wave of the senior level. At the moment it seems that the fifth wave of the junior is being developed. Within this wave extension of the momentum in the third wave (iii) is being formed. If this assumption is correct, the pair will continue to decline to 1.3950 – 1.3850.





USD/CHF: Wave analysis and forecast for 26.02 – 04.03:Downtrend continues.
Estimated pivot point is at the level of 1.0002.

Our opinion: Sell the pair from correction below the level of 1.0002 with the target of 0.9650 – 0.9470.

Alternative scenario: Breakout and consolidation of the price above the level of 1.0002 will allow the pair to continue the rise up to the level of 1.05.

Analysis: Presumably, the formation of the downward momentum continues in the third wave iii of C. Locally, it is likely that the correction as the second wave of the junior level (ii) of iii has completed. If this assumption is true, the pair can continue to rise up to 0.9650 – 0.9470. Critical level for this scenario is 1.0002.





USD/JPY: Wave analysis and forecast for 26.02 – 04.03: The pair is undergoing correction.
Estimated pivot point is at the level of 111.00.

Our opinion: In the short-term: buy the pair above the level of 111.00 with the target of 114.90. In case of breakdown of the level of 111.00, sell with the target of 106.70.

Alternative scenario: Breakout and consolidation of the price below the level of 111.00 allow the pair to continue decline to the level of 106.70.

Analysis: Presumably the formation of the downward impetus continues in the third wave of the senior level. At the moment it is likely that upward correction is being formed as the fourth wave (iv) of iii, which might take a shape of a plane. If this assumption is correct, in the short-tern the pair can rise up to 114.00 – 114.90.. Critical level for this scenario is 111.00.





USD/СAD: Wave analysis and forecast for 26.02 – 04.03:Downtrend dominates.
Estimated pivot point is at the level of 1.3860.

Our opinion: Sell the pair from correction below the level of 1.3860 with the target of 1.3280 – 1.3054.

Alternative scenario: Breakdown and consolidation of the price above the level of 1.3860 will enable the pair to continue the rise up to 1.40 – 1.41.

Analysis: Presumably, the formation of the double downward zigzag continues in the first wave of the emerging large “bearish” correction. Locally, it seems that the correction as the wave x has completed and momentum in wave (a) of y is developing. If this assumption is correct, the pair can continue to decline to 1.3280 – 1.3054. Critical level for this scenario is 1.3860. Breakdown of this level will trigger the rise in the pair to 1.40 – 1.41.

Wave analysis and forecast for 19.02 – 26.02

EUR/USD: Wave analysis and forecast for 19.02 – 26.02:Uptrend continues. Estimated pivot point is at the level of 1.0970. Our opinion: Buy the pair from correction above the level of 1.0970 with the target of 1.15 – 1.16. Alternative scenario: Breakout and consolidation of the price below the level of 1.0970 will allow the pair to continue decline to 1.0806. Analysis: Presumably, the development of the third wave of the senior level continues. Locally, it seems that the correction as the fourth wave (iv) of the junior level has completed. If this assumption is correct, the pair will continue to rise to 1.1500 – 1.1600 in the fifth wave (v) of iii. Critical level for this scenario is 1.0970. Breakdown of this level will trigger decline in the pair to 1.08 or further down. GBP/USD: Wave analysis and forecast for 19.02 – 26.02:Downtrend continues. Estimated pivot point is at the level of 1.4580. Our opinion: Sell the pair below the level of 1.4580 with the target of 1.3950. Alternative scenario: Breakout and consolidation of the price above the level of 1.4580 enable the pair to continue the rise to the levels of 1.50 - 1.55. Analysis: Presumably, “bearish” impetus continues to develop in the third wave of the senior level. At the moment it seems that the formation of the fourth wave iv of 3 has completed and the fifth wave is being developed, within this wave the third wave (iii) of the junior level is evolving. If this assumption is correct, the pair will continue to decline to 1.3950. Critical level for this scenario is 1.4580. USD/CHF: Wave analysis and forecast for 19.02 – 26.02:Downtrend continues. Estimated pivot point is at the level of 1.0254. Our opinion: Sell the pair from correction below the level of 1.0254 with the target of 0.9470. Alternative scenario: Breakout and consolidation of the price above the level of1.0254 will allow the pair to continue the rise up to the level of 1.05. Analysis: Presumably, the formation of the downward momentum continues in the third wave iii of C. Locally, it is likely that the first wave of the junior level (i) of iii has completed and upward correction (which has a shape of a zigzag), as the wave (ii) is nearing completion. If this assumption is correct, after the completion of the correction, the pair can continue to rise up to 0.95. Critical level for this scenario is 1.0254. USD/JPY: Wave analysis and forecast for 19.02 – 26.02:Downtrend prevails. Estimated pivot point is at the level of 116.40. Our opinion: Sell the pair below the level of 116.40 with the target of 108.50 – 107.00. Alternative scenario: Breakout and consolidation of the price above the level of 116.40 allow the pair to continue the rise to the level of 121.50 or higher up. Analysis: Presumably, long-term “bullish” impetus has completed on the weekly timeframe. Currently, it seems that the “bearish” correction can reach the levels of 100.00 – 95.00. Locally it is likely that the first corrective wave is being formed, within which impetus in the third wave of the junior level is developing. If this assumption is correct, the pair will continue to decline to 108.50 – 107.00. Critical level for this scenario is 116.40. USD/СAD: Wave analysis and forecast for 19.02 – 26.02: The pair is undergoing correction. Estimated pivot point is at the level of 1.3650. Our opinion: In the short-term: buy the pair above the level of 1.3650 with the target of 1.41 – 1.4270. In the medium-term: wait for the completion of the correction and sell with the target of 1.3280. Alternative scenario: Breakdown and consolidation of the price below the level of 1.3650 will enable the pair to continue decline to 1.3280. Analysis: Presumably, the formation of the downward zigzag has completed in the emerging large “bearish” correction. Locally, it seems that upward correction as the wave b is developing. If this assumption is correct, the pair can rise up to 1.41 – 1.43 in the wave (с) of b. Critical level for this scenario is 1.3650. Breakdown of this level will trigger the decline in the pair to 1.3280.

Wave analysis and forecast for 12.02 – 19.02

EUR/USD: Wave analysis and forecast for 12.02 – 19.02:Uptrend continues.
Estimated pivot point is at the level of 1.0970.

Our opinion: Buy the pair from correction above the level of 1.0970 with the target of 1.15 – 1.16.

Alternative scenario: Breakout and consolidation of the price below the level of 1.0970 will allow the pair to continue decline to 1.0806.

Analysis: Presumably, the development of the third wave of the senior level continues. Locally, it seems that the impetus in the third wave (iii) of iii of the junior level has completed. If this assumption is correct, after the completion f the correction the pair will continue to rise to 1.1500 – 1.16. Critical level for this scenario is 1.0970. Breakdown of this level will trigger decline in the pair to 1.08 or further down.




GBP/USD: Wave analysis and forecast for 12.02 – 19.02:Downtrend continues.
Estimated pivot point is at the level of 1.4670.

Our opinion: Sell the pair below the level of 1.4670 with the target of 1.3950.

Alternative scenario: Breakout and consolidation of the price above the level of 1.4670 will enable the pair to continue the rise to the level of 1.55.

Analysis: Presumably, the formation of the local correction as the wave iv of 3 has completed as part of the “bearish” impetus. At the moment, it seems that the fifth wave is being developed. If this assumption is correct, the pair will continue to decline to 1.3950. Critical level for this scenario is 1.4670.





USD/CHF: Wave analysis and forecast for 12.02 – 19.02:Downtrend continues.
Estimated pivot point is at the level of 0.9818.

Our opinion: Sell the pair from correction below the level of 0.9818 with the target of 0.9470.

Alternative scenario: Breakout and consolidation of the price above the level of 0.9818 will allow the pair to continue the rise up to the levels of 0.9980 – 1.0250.

Analysis: The formation of the downward impetus continues in the third wave iii of C. Locally, it seems that slam correction in the fourth wave (iv) has completed and the fifth wave is developing. If this assumption is correct, the pair will continue to decline to 0.95 within the developing impetus. Critical level for this scenario is 0.9818.





USD/JPY: Wave analysis and forecast for 12.02 – 19.02:Downtrend prevails.
Estimated pivot point is at the level of 115.10.

Our opinion: Sell the pair from correction below the level of 115.10 with the target of 108.50. In case of breakdown and consolidation of the price above the level of 115.10, buy the pair with the target of 121.70.

Alternative scenario: Breakout and consolidation of the price above the level of 115.10 allow the pair to continue the rise to the levels of 121.70 – 124.50.

Analysis: The wave С of 4 is being formed within the large correction. At the moment, it is likely that the final fifth wave v of C is developing, within which “bearish” impetus is being formed. If this assumption is correct, the pair will continue to decline to 108.50. Critical level for this scenario is 115.10.





USD/СAD: Wave analysis and forecast for 12.02 – 19.02: The pair is undergoing correction.
Estimated pivot point is at the level of 1.3636.

Our opinion: In the short-term: buy the pair above the level of 1.3636 with the target of 1.41 – 1.4270. In the medium-term: wait for the completion of the correction and sell with the target of 1.3280.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.3636 will enable the pair to continue decline to 1.3280.

Analysis: Presumably, the formation of the downward zigzag has completed in the emerging large “bearish” correction. Locally, it seems that upward correction as the wave b is developing. If this assumption is correct, the pair can rise up to 1.41 – 1.43. Critical level for this scenario is 1.3636. Breakdown of this level will trigger the decline in the pair to 1.3280.

Wave analysis and forecast for 05.02 – 12.02

EUR/USD: Wave analysis and forecast for 05.02 – 12.02:Uptrend continues.
Estimated pivot point is at the level of 1.1066.

Our opinion: Buy the pair from correction above the level of 1.1066 with the target of 1.1350 – 1.1500.

Alternative scenario: Breakout and consolidation of the price below the level of 1.1066 will allow the pair to continue decline to 1.0806.

Analysis: Presumably, the formation of the third wave 3 of the senior level continues. Locally, it seems that the momentum in the third wave (iii) is being developed. If this assumption is correct, the pair can continue to rise up to 1.1350 – 1.1500. Critical level for this scenario is 1.1066. Breakdown of this level will trigger decline in the pair to 1.0940 - 1.0806.




GBP/USD: Wave analysis and forecast for 05.02 – 12.02: The pair is undergoing correction; probability of decline in the pair remains.
Estimated pivot point is at the level of 1.4888.

Our opinion: Sell the pair below the level of 1.4888 with the target of 1.3950 – 1.3750.

Alternative scenario: Breakout and consolidation of the price above the level of 1.4888 will enable the pair to continue the rise to the level of 1.55.

Analysis: The formation of the downtrend continues in the third wave of the senior level iii of 3. At the moment, it seems that the fourth wave iv of 3 is close to completion. If this assumption is correct, after its completion the pair will continue to decline to 1.4070 – 1.3950. Critical level for this scenario is 1.4888. Breakdown of this level can stop the development of the “bearish” trend.





USD/CHF: Wave analysis and forecast for 05.02 – 12.02:Downtrend prevails.
Estimated pivot point is at the level of 1.0255.

Our opinion: Sell the pair from correction below the level of 1.0255 with the target of 0.9470.

Alternative scenario: Breakout and consolidation of the price above the level of 1.0323 will allow the pair to continue the rise up to the levels of 1.04 – 1.05.

Analysis: The formation of the upward correction has completed as the wave ii of С, within which a double zigzag (w)(x)(y) has been formed. Locally, it seems that the third wave iii of C is being formed, within which one-two first wave of the junior level has developed (i). If this assumption is correct, after the completion of the local correction (ii) the pair will continue to decline to 0.95. Critical level for this scenario is 1.0255.





USD/JPY: Wave analysis and forecast for 05.02 – 12.02: The pair is likely to rise.
Estimated pivot point is at the level of 115.95.

Our opinion: Buy the pair from correction above the level of 115.95 with the target of 121.70 – 124.50 or above.

Alternative scenario: Breakout and consolidation of the price below the level of 115.95 will allow the pair to continue decline to the levels of 114.90 – 114.00.

Analysis: The formation of the wave С of 4 as the large correction has completed. At the moment it is likely that one-two impetus of the junior level as the first wave i of 1 has been formed. Locally, the correction as the second wave is nearing completion. If this assumption is correct, the pair will continue to rise up to 121.70 – 124.50. Critical level for this scenario is 115.95.





USD/СAD: Wave analysis and forecast for 05.02 – 12.02: Rise as part of correction.
Estimated pivot point is at the level of 1.3765.

Our opinion: Buy the pair after consolidation above the level of 1.3765 with the target of 1.41 – 1.4270.

Alternative scenario: Decline can continue up to 1.3280.

Analysis: Presumably, the formation of the downward zigzag has completed in the emerging large “bearish” correction. Locally, it seems that the development of the wave (c) has completed. If this assumption is correct, upward correction in the pair can continue up to 1.41 – 1.4270. As an alternative scenario it is possible that the pair will continue to decline and the wave (c) extension will reach the level of 1.3280.