The foreign exchange market (forex, FX, or currency market) is a global decentralized market for the trading of currencies. The main participants in this market are the larger international banks. Financial centres around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market determines the relative values of different currencies.
Saturday, January 27, 2018
Friday, January 26, 2018
Wave analysis and forecast for 26.01. 2018 – 02.02. 2018
EUR/USD
GBP/USD
USD/CHF
USD/JPY
USD/CAD
Estimated pivot point is at a level of 1.2265.
Main scenario: long positions will be relevant from corrections above the level of 1.2265 with a target of 1.2600 – 1.2650.
Alternative scenario:Breakout and consolidation below the level of 1.2265 will allow the pair to continue declining to the levels of 1.2070 – 1.1918.
Analysis: Supposedly, the fifth wave 5 continues forming as a diagonal within the first wave 1 of senior level within the 4-hour time frame. Apparently, the final fifth wave v of 5 is developing now, with the wave (c) of v forming within. If the presumption is correct, the pair will continue to rise to levels 1.2600 – 1.2650. The level 1.2265 is critical in this scenario.
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Estimated pivot point is at a level of 1.4085.
Main scenario: long positions will be relevant from corrections above the level of 1.4085 with a target of 1.4400 – 1.4500.
Alternative scenario: breakout and consolidation below the level of 1.4085 will allow the pair to continue declining to a level of 1.3913.
Analysis: The fifth wave 5 of (1) of senior level is supposed to continue forming within the 4-hour time frame. Apparently, the third wave iii of 5 of junior level is forming locally, with an impetus developing inside. If the presumption is correct, the pair will continue to rise to levels 1.4400 – 1.4500. The level 1.4085 is critical in this scenario.
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Estimated pivot point is at a level of 0.9514.
Main scenario: short positions will be relevant from corrections below the level of 0.9514 with a target of 0.9220 and lower.
Alternative scenario:breakout and consolidation above the level of 0.9514 will allow the pair to continue rising to a level of 0.9845.
Analysis: Supposedly, a downward trend within the third wave of senior level (3) continues to develop within the 4-hour time frame. Apparently, the first wave 1 of (3) is forming now, with the wave iii of 1 of junior level developing within. If this assumption is correct, the pair will go on dropping to the level of 0.9220 and lower. The level 0.9514 is critical in this scenario.
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Estimated pivot point is at a level of 109.80.
Main scenario: short positions will be relevant from corrections below the level of 109.80 with a target of 108.20.
Alternative scenario:Breakout and consolidation above the level of 109.80 will allow the pair to continue the rise up to the levels of 111.48 – 113.40.
Analysis: Supposedly, a descending correction in the form of the wave 2 of senior level continues developing within the 4-hour time frame. Apparently, the wave с of 2 is forming now, with the wave (v) of c developing within. If this assumption is correct, the pair will go on dropping to the level of 108.20. The level 109.80 is critical in this scenario.
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Estimated pivot point is at a level of 1.2487.
Main scenario: short positions will be relevant from corrections below the level of 1.2487 with a target of 1.2220.
Alternative scenario:Breakout and consolidation above the level of 1.2487 will allow the pair to continue rising to a level of 1.2600 and higher.
Analysis: Supposedly, a descending correction continues to develop within the 4-hour time frame in a form of the wave 2 of (5). Apparently, the wave c of 2 is forming now, with a local correction of junor level (iv) of c forming inside. If the presumption is correct, the pair will continue to fall to a level of 1.2220 once the correction has been completed. The level 1.2487 is critical in this scenario.
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Friday, January 19, 2018
Wave analysis and forecast for 19.01. 2018 – 26.01. 2018
Estimated pivot point is at a level of 1.2167.
Main scenario: long positions will be relevant from corrections above the level of 1.2167 with a target of 1.2400.
Alternative scenario:Breakout and consolidation below the level of 1.2167 will allow the pair to continue declining to the levels of 1.2070 – 1.1918.
Analysis: Supposedly, the fifth wave 5 continues forming as a diagonal triangle within the first wave 1 of senior level within the 4-hour time frame. Apparently, the final fifth wave v of 5 is developing now, with the wave (c) of v forming within. If this assumption is correct, the pair will go on growing to the level of 1.2400. The level 1.2167 is critical in this scenario.
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Estimated pivot point is at a level of 1.3804
Main scenario: long positions will be relevant from corrections above the level of 1.3804 with a target of 1.4000.
Alternative scenario: Breakout and consolidation below the level of 1.3804 will allow the pair to continue declining to the levels of 1.3650 – 1.3568.
Analysis: The fifth wave 5 of (1) of senior level is supposed to continue forming within the 4-hour time frame. Apparently, the wave v of 5 of junior level is forming locally, with the wave (v) of v developing inside. If this assumption is correct, the pair will go on growing to the level of 1.4000. The level 1.3804 is critical in this scenario.
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Estimated pivot point is at a level of 0.9665.
Main scenario: short positions will be relevant from corrections below the level of 0.9665 with a target of 0.9500 – 0.9417.
Alternative scenario:Breakdown and consolidation above the level of 0.9665 will allow the pair to continue the rise up to the levels of 0.9840 – 0.9983.
Analysis: Supposedly, a descending correction of senior level in the form of the wave B continues to form within the 4-hour time frame. Apparently, the wave (c) of ii is developing at the moment, with the wave (v) of c forming inside. If the presumption is correct, the pair will continue to drop to the levels 0.9500 – 0.9417. The level 0.9665 is critical in this scenario.
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Estimated pivot point is at a level of 111.50.
Main scenario: short positions will be relevant from corrections below the level of 111.50 with a target of 110.14 – 109.68.
Alternative scenario:breakout and consolidation above the level of 111.50 will allow the pair to continue rising to a level of 113.40.
Analysis: Supposedly, a descending correction in the form of the wave 2 of senior level continues developing within the 4-hour time frame. Apparently, the wave с of 2 is forming now, with the wave (v) of c developing within. If the presumption is correct, the pair will continue to drop to the levels 110.14 – 109.68. The level 111.50 is critical in this scenario.
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Estimated pivot point is at a level of 1.2353.
Main scenario: long positions will be relevant from corrections above the level of 1.2353 with a target of 1.2920.
Alternative scenario:breakout and consolidation below the level of 1.2353 will allow the pair to continue declining to a level of 1.2057.
Analysis: Supposedly, a correction stopped developing within the 4-hour time frame, reaching a retracement level of 62% in the form of the wave 2 of (5) of senior level currently shaped like a plane. Apparently, the third wave 3 of senior level started forming now, with the first wave of junior level (i) developed and the correction (ii) completed inside. If the presumption is correct, the pair will logically continue to rise to a level of 1.2920. The level of 1.2353 is critical in this scenario as the breakout will enable the pair to continue declining to the level of 1.2057.
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Friday, January 12, 2018
Wave analysis and forecast for 12.01. 2018 – 19.01. 2018
EUR/USD
GBP/USD
USD/CHF
USD/JPY
USD/CAD
Estimated pivot point is at a level of 1.1917.
Main scenario: long positions will be relevant from corrections above the level of 1.1917 with a target of 1.2230 – 1.2300.
Alternative scenario:Breakout and consolidation below the level of 1.1917 will allow the pair to continue declining to the levels of 1.1718 – 1.1556.
Analysis: Supposedly, the fifth wave 5 continues forming as a diagonal triangle within the first wave 1 of senior level within the 4-hour time frame. Apparently, a downward correction in a form of wave iv of 5 has finished locally and the final fifth wave v of 5 has started forming. If the presumption is correct, the pair will continue to rise to levels 1.2230 – 1.2300. The level 1.1917 is critical in this scenario.
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Estimated pivot point is at a level of 1.3457.
Main scenario: long positions will be relevant from corrections above the level of 1.3457 with a target of 1.3657 – 1.3700.
Alternative scenario: Breakout and consolidation below the level of 1.3457 will allow the pair to continue declining to the levels of 1.3327 – 1.3298.
Analysis: The fifth wave 5 of (1) of senior level is supposed to continue forming within the 4-hour time frame. Apparently, the wave v of 5 of junior level is forming locally, with a correction in the form of the wave (iv) of v finished inside If the presumption is correct, the pair will continue to rise to the levels 1.3657 – 1.3700 within the wave (v) of v. The level 1.3457 is critical in this scenario.
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Estimated pivot point is at a level of 0.9843.
Main scenario: short positions will be relevant below the level of 0.9843 with a target of 0.9655.
Alternative scenario:Breakdown and consolidation above the level of 0.9843 will allow the pair to continue the rise up to the levels of 0.9915 – 0.9983.
Analysis: Supposedly, a descending correction of senior level in the form of the wave B continues to form within the 4-hour time frame. Apparently, the wave (c) of ii is developing at the moment, with the wave (v) of c forming inside. If this assumption is correct, the pair will go on dropping to the level of 0.9655. The level 0.9843 is critical in this scenario.
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Estimated pivot point is at a level of 111.87.
Main scenario: short positions will be relevant from corrections below the level of 111.87 with a target of 110.13.
Alternative scenario:breakout and consolidation above the level of 111.87 will allow the pair to continue rising to a level of 113.40.
Analysis: Supposedly, a descending correction in the form of the wave 2 of senior level continues developing within the 4-hour time frame. Apparently, the wave c of 2 is now developing locally. If this assumption is correct, the pair will continue to drop to 110.13. The level 111.87 may be critical in this scenario.
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Estimated pivot point is at a level of 1.2353.
Main scenario: long positions will be relevant from corrections above the level of 1.2353 with a target of 1.2920.
Alternative scenario:breakout and consolidation below the level of 1.2353 will allow the pair to continue declining to a level of 1.2057.
Analysis: Supposedly, a correction stopped developing within the 4-hour time frame, reaching a retracement level of 62% in the form of the wave 2 of (5) of senior level currently shaped like a plane. Apparently, the third wave 3 of senior level started forming now, with a counter-trend impetus of junior level developing inside. If the presumption is correct, the pair will logically continue to rise to a level of 1.2920. The level of 1.2353 is critical in this scenario as the breakout will enable the pair to continue declining to the level of 1.2057.
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Friday, January 5, 2018
Wave analysis and forecast for 05.01. 2018 – 12.01. 2018
EUR/USD
GBP/USD
USD/CHF
USD/JPY
USD/CAD
Estimated pivot point is at a level of 1.2090.
Main scenario: short positions will be relevant from corrections below the level of 1.2090 with a target of 1.1947 – 1.1903.
Alternative scenario: breakout and consolidation above level 1.2090 will allow the pair to continue rise to the level of 1.2230.
Analysis: supposedly, the fifth wave 5 in the form of diagonal triangle continues forming inside the first wave 1 of senior level within 4-hour timeframe. Apparently, the third wave iii of 5 has completed forming and wave iv of 5 is starting to form. If the presumption is correct, the pair will continue to drop to the levels of 1.1947 – 1.1903. The level 1.2090 is critical in this scenario.
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GBP/USD
Estimated pivot point is at a level of 1.3494.
Main scenario: long positions will be relevant from corrections above the level of 1.3494 with a target of 1.3657 – 1.3700.
Alternative scenario: breakout and consolidation below level 1.3494 will allow the pair to continue drop to the level of 1.3296.
Analysis: supposedly, the fifth wave 5 of (1) of senior level continues developing within 4-hour timeframe. Apparently, the wave v of 5 of junior level is forming locally, the pair is likely to continue rise to the levels of 1.3657 – 1.3700 inside. If the presumption is correct, the pair the pair will continue to drop to the levels of 1.3657 – 1.3700 inside The level 1.3494. is critical in this scenario.
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Estimated pivot point is at a level of 0.9800.
Main scenario: short positions will be relevant below level 0.9800 with a target of 0.9610.
Alternative scenario: breakout and consolidation above level 0.9800 will allow the pair to continue rising to the level of 0.9915.
Analysis: supposedly a descending correction in the form of wave (B) of senior level continues developing within 4-hour timeframe. Apparently, bullish momentum continues developing is in the form of wave (c) of ii, wave (v) of c started formation inside. If the presumption is correct, the pair may continue declining to the levels 0.9655 – 0.9610. The level 0.9800 is critical in this scenario.
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Estimated pivot point is at a level of 112.03.
Main scenario: long positions will be relevant from corrections above the level of 112.03 with a target of 114.73.
Alternative scenario: breakout and consolidation below level 112.03 will allow the pair to continue drop to the level of 1.3296.
Analysis: supposedly, wave (С) of senior level continues developing within 4-hour timeframe. Wave 3 of C started forming inside it. Apparently, the descending correction in the form ii of 3 has completed, and wave iii of 3 has started forming. If the presumption is correct, the pair will continue rising to the level of 114.73. The level 112.03 is critical in this scenario.
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Estimated pivot point is at a level of 1.2465.
Main scenario: long positions will be relevant from corrections above the level of 1.2465 with a target of 1.2792 – 1.2920
Alternative scenario: breakout and consolidation below level 0.9800 will allow the pair to continue declining to the level of 1.2390.
Analysis: supposedly, the correction has completed within 4-hour timeframe in the form of wave (2) of 5 of senior level, currently shaped like a plane, and reached the correctional level of 50%. Apparently, the price is starting to reverse. If the presumption is correct, it is reasonable to expect the pair rise to the levels of 1.2792 – 1.2920. The level 1.2390 is critical in this scenario. The pair will continue declining, having outbroken this level.
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