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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, March 31, 2018
Friday, March 30, 2018
Wave analysis and forecast for 30.03. 2018 – 06.04. 2018
Estimated pivot point is at a level of 1.2474
Main scenario: short positions will be relevant from corrections below the level of 1.2474 with a target of 1.2135.
Alternative scenario:breakout and consolidation above the level of 1.2474 will allow the pair to continue rising to a level of 1.2650.
Analysis: Supposedly, an ascending impetus continues to form inside the first wave of senior level (1) within the 4-hour time frame. Apparently, a downward correction in the form of the fourth wave iv of 5 is developing now, with the wave c of iv forming within. If this assumption is correct, the pair will go on dropping to the level of 1.2135. The level of 1.2474 is critical in this scenario. Its breakout will allow the pair to continue rising to the level of 1.2650.
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Estimated pivot point is at a level of 1.3960.
Main scenario: long positions will be relevant from corrections above the level of 1.3960 with a target of 1.4350 – 1.4450.
Alternative scenario: breakout and consolidation below the level of 1.3960 will allow the pair to continue declining to a level of 1.3780.
Analysis: supposedly, a downward correction in the form of the fourth wave iv of 5 finished developing inside the first (1) wave of senior level within the 4-hour time frame. Apparently, the fifth wave v of 5 is developing locally, with a downward correction (iv) of v completed within. If the presumption is correct, the pair will logically continue to rise to the levels 1.4350 – 1.4450. The level 1.3960 is critical in this scenario.
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Estimated pivot point is at a level of 0.9428.
Main scenario: long positions will be relevant from corrections above the level of 0.9428 with a target of 0.9710.
Alternative scenario:breakout and consolidation below the level of 0.9428 will allow the pair to continue declining to a level of 0.9180.
Analysis: supposedly, an ascending correction in the form of the wave 2 of (3) of senior level continues developing within the 4-hour time frame. Apparently, the wave c of 2 started forming, with a correction of junior level (ii) of c forming inside. If the presumption is correct, the pair will logically continue to rise to the level of 0.9710 after the correction comes to an end. The level 0.9428 is critical in this scenario.
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Estimated pivot point is at a level of 104.54.
Main scenario: long positions will be relevant from corrections above the level of 104.54 with a target of 103.50.
Alternative scenario:breakout and consolidation below the level of 104.54 will allow the pair to continue declining to a level of 103.50.
Analysis: Supposedly, a descending impetus in the form of the wave C stopped forming as part of the correction (B) of senior level within the 4-hour time frame. Apparently, the first counter-trend wave of junior level (i) is forming now, within the wave C. If the presumption is correct, the pair will continue to rise to levels 109.60 – 110.83. The level 104.54 is critical in this scenario.
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Estimated pivot point is at a level of 1.3009.
Main scenario: short positions will be relevant from corrections below the level of 1.3009 with a target of 1.2690 – 1.2586.
Alternative scenario:breakout and consolidation above the level of 1.3009 will allow the pair to continue rising to a level of 1.3126.
Analysis: Supposedly, the third wave of senior level 3 of (5) continues to develop within the 4-hour time frame. Apparently, the first wave i of 3 has been formed as an impetus and a downward correction is developing now in the form of the wave ii of 3. If the presumption is correct, the pair will continue to drop to the levels 1.2690 – 1.2586. The level 1.3009 is critical in this scenario.
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Friday, March 23, 2018
Wave analysis and forecast for 23.03. 2018 – 30.03. 2018
Estimated pivot point is at a level of 1.2238.
Main scenario: long positions will be relevant from corrections above the level of 1.2238 with a target of 1.2560 – 1.2650.
Alternative scenario:breakout and consolidation below the level of 1.2238 will allow the pair to continue declining to a level of 1.1915.
Analysis: Supposedly, an ascending impetus continues to form inside the first wave of senior level (1) within the 4-hour time frame. Apparently, the fifth wave v of 5 is forming now, with a local correction of junior level (ii) of v completed and the wave (iii) of v starting to develop inside. If the presumption is correct, the pair will continue to rise to levels 1.2560 – 1.2650. The level 1.2238 is critical in this scenario. Its breakout will allow the pair to continue declining to a level of 1.1915.
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Estimated pivot point is at a level of 1.3982.
Main scenario: long positions will be relevant from corrections above the level of 1.3982 with a target of 1.4350 – 1.4450.
Alternative scenario: breakout and consolidation below the level of 1.3982 will allow the pair to continue declining to a level of 1.3710.
Analysis: supposedly, a downward correction in the form of the fourth wave iv of 5 finished developing inside the first (1) wave of senior level within the 4-hour time frame. Apparently, the fifth wave v of 5 is developing locally, with the wave (iii) of v forming within. If the presumption is correct, the pair will logically continue to rise to the levels 1.4350 – 1.4450. The level 1.3982 is critical in this scenario.
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Estimated pivot point is at a level of 0.9569.
Main scenario: short positions will be relevant from corrections below the level of 0.9569 with a target of 0.9335 – 0.9180.
Alternative scenario:breakout and consolidation above the level of 0.9569 will allow the pair to continue rising to a level of 0.9710.
Analysis: supposedly, an ascending correction in the form of the wave 2 of (3) of senior level has stopped developing within the 4-hour time frame. Apparently, the third wave 3 of (3) started forming now, with the first wave of junior level (i) forming inside. If the presumption is correct, the pair will logically drop to the levels 0.9335 – 0.9180. The level 0.9569 is critical in this scenario.
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Estimated pivot point is at a level of 106.62.
Main scenario: short positions will be relevant from corrections below the level of 106.62 with a target of 103.50.
Alternative scenario:breakout and consolidation above the level of 106.62 will allow the pair to continue the rise up to the levels of 108.65 – 109.60.
Analysis: Supposedly, a descending impetus in the form of the wave C continues forming as part of the correction (B) of senior level within the 4-hour time frame. Apparently, the fifth wave v of C is developing now, with the wave (iii) of v of junior level nearing completion within. If the presumption is correct, the pair will continue to fall to the level of 103.50 once the correction (iv) has been completed. The level 106.62 is critical in this scenario.
Estimated pivot point is at a level of 1.3124
Main scenario: short positions will be relevant from corrections below the level of 1.3124 with a target of 1.2690 – 1.2586.
Alternative scenario:breakout and consolidation above the level of 1.3124 will allow the pair to continue rising to a level of 1.3300.
Analysis: Supposedly, the third wave of senior level 3 of (5) continues to develop within the 4-hour time frame. Apparently, the first wave i of 3 has been formed as an impetus and a downward correction is developing now in the form of the wave ii of 3. If the presumption is correct, the pair will continue to drop to the levels 1.2690 – 1.2586. The level 1.3124 is critical in this scenario.
Friday, March 16, 2018
Wave analysis and forecast for 16.03. 2018 – 23.03. 2018
EUR/USD
GBP/USD
USD/CHF
USD/JPY
USD/CAD
Estimated pivot point is at a level of 1.2152.
Main scenario: long positions will be relevant from corrections above the level of 1.2152 with a target of 1.2650.
Alternative scenario:breakout and consolidation below the level of 1.2152 will allow the pair to continue declining to a level of 1.1915.
Analysis: Supposedly, an ascending impetus continues to form inside the first wave of senior level (1) within the 4-hour time frame. Apparently, the fifth wave v of 5 is forming now, with a local correction of junior level (ii) of v nearing completion inside. If the presumption is correct, the pair will continue to rise to the level of 1.2650 once the correction has been completed. The level 1.2152 is critical in this scenario. Its breakout will allow the pair to continue declining to a level of 1.1915.
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Estimated pivot point is at a level of 1.3708.
Main scenario: long positions will be relevant from corrections above the level of 1.3708 with a target of 1.4280 – 1.4350.
Alternative scenario: breakout and consolidation below the level of 1.3708 will allow the pair to continue declining to a level of 1.3530
Analysis: supposedly, a downward correction in the form of the fourth wave iv of 5 finished developing inside the first (1) wave of senior level within the 4-hour time frame. Apparently, the first wave of junior level (i) of v of 5 is developing locally. If the presumption is correct, the pair may be expected to continue growing to the levels of 1.4280 – 1.4350. The level 1.3708 is critical in this scenario.
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Estimated pivot point is at a level of 0.9421.
Main scenario: long positions will be relevant from corrections above the level of 0.9421 with a target of 0.9612 – 0.9710.
Alternative scenario:breakout and consolidation below the level of 0.0.9421 will allow the pair to continue declining to a level of 0.9335.
Analysis: Supposedly, an ascending correction of senior level continues to develop within the 4-hour time frame in the form of the wave 2 of (3) currently shaped like a double zigzag wxy. Apparently, the wave y of 2 is now developing locally. If this assumption is correct, the pair will continue to rise to the levels 0.9612 – 0.9710. The level 0.9421 is critical in this scenario.
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Estimated pivot point is at a level of 105.40.
Main scenario: long positions will be relevant from corrections above the level of 105.40 with a target of 108.65 – 109.60.
Alternative scenario:breakout and consolidation below the level of 105.40 will allow the pair to continue declining to the levels of 104.50 – 103.50.
Analysis: Supposedly, a descending correction of senior level in a form of the wave B finished forming within the 4-hour time frame. Apparently, the wave С starts forming now, with the first wave of junior level (i) developed and the local correction (ii) completed inside. If the presumption is correct, the pair will continue to rise to the levels 108.65 – 109.60. The level 105.40 is critical in this scenario.
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Estimated pivot point is at a level of 1.2800.
Main scenario: long positions will be relevant from corrections above the level of 1.2800 with a target of 1.3131 – 1.3300.
Alternative scenario:breakout and consolidation below the level of 1.2800 will allow the pair to continue declining to a level of 1.2614.
Analysis: Supposedly, the third wave of senior level 3 of (5) continues to develop within the 4-hour time frame. Apparently, the third wave iii of 3 is forming now as an impetus, with the wave (v) of iii forming within. If the presumption is correct, the pair will continue to rise to levels 1.3131 – 1.3300. The level 1.2800 may be critical in this scenario.
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Friday, March 9, 2018
Wave analysis and forecast for 09.03. 2018 – 16.03. 2018
Estimated pivot point is at a level of 1.2152.
Main scenario: long positions will be relevant from corrections above the level of 1.2152 with a target of 1.2650.
Alternative scenario: breakout and consolidation above the level of 1.2152 will allow the pair to continue falling to a level of 1.1915.
Analysis: Supposedly, an ascending impetus continues to form inside the first wave of senior level (1) within the 4-hour time frame. Apparently, the downward correction iv of 5 of (1) has finished and the first wave of junior level (i) has been formed within the wave v of 5. If the presumption is correct, the pair will continue to rise to the level of 1.2650 once the correction (ii) has been completed. The level 1.2152 is critical in this scenario. Its breakout will allow the pair to continue declining to the level of 1.1915.
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Estimated pivot point is at a level of 1.3930.
Main scenario: short positions will be relevant from corrections below the level of 1.3930 with a target of 1.3680 – 1.3530.
Alternative scenario: breakout and consolidation above the level of 1.3930 will allow the pair to continue the rise up to the levels of 1.4146 – 1.4280.
Analysis: supposedly, a downward correction in the form of the fourth wave iv of 5 continues developing inside the first (1) wave of senior level within the 4-hour time frame. Apparently, the final wave (c) of iv is forming locally. If the assumption is correct, the pair will drop logically to the levels 1.3680 – 1.3530. The level 1.3930 is critical in this scenario.
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Estimated pivot point is at a level of 0.9356.
Main scenario: long positions will be relevant from corrections above the level of 0.9356 with a target of 0.9612 – 0.9710.
Alternative scenario: breakout and consolidation below the level of 0.0.9356 will allow the pair to continue declining to a level of 0.9270.
Analysis: Supposedly, an upward correction of senior level in the form of the wave 2 of (3) continues to develop within the 4-hour time frame. Apparently, the correction is currently shaped as the double zigzag wxy, with the wave y of 2 forming inside. If the presumption is correct, the pair will continue to rise to the levels 0.9612 – 0.9710. The level 0.9356 is critical in this scenario.
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Estimated pivot point is at a level of 105.40.
Main scenario: long positions will be relevant from corrections above the level of 105.40 with a target of 108.65 – 109.60.
Alternative scenario: breakout and consolidation below the level of 105.40 will allow the pair to continue declining to the levels of 104.50 – 103.50.
Analysis: Supposedly, a descending correction of senior level in a form of the wave B finished forming within the 4-hour time frame. Apparently, the wave (C) starts forming now, with the first wave of junior level (i) forming inside. If the presumption is correct, the pair will continue to rise to the levels 108.65 – 109.60. The level 105.40 is critical in this scenario.
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Estimated pivot point is at a level of 1.2852.
Main scenario: long positions will be relevant from corrections above the level of 1.2852 with a target of 1.3131.
Alternative scenario: breakout and consolidation below the level of 1.2852 will allow the pair to continue declining to the levels of 1.2808 – 1.2763.
Analysis: Supposedly, the third wave of senior level 3 of (5) continues to develop within the 4-hour time frame. Apparently, the third wave iii of 3 is forming now in the form of an impetus, with the wave (iii) of iii of junior level finished and the local correction (iv) of iii developing within. If the presumption is correct, the pair will logically continue to rise to the level of 1.3131. The level 1.2852 may be critical in this scenario.
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Saturday, March 3, 2018
Wave analysis and forecast for 02.03. 2018 – 09.03. 2018
Estimated pivot point is at a level of 1.2350.
Main scenario: short positions will be relevant from corrections below the level of 1.2350 with a target of 1.2050.
Alternative scenario:breakout and consolidation above the level of 1.2350 will allow the pair to continue rising to a level of 1.2555.
Analysis: The first wave 1 of senior level is supposed to have finished forming within the 4-hour time frame. Supposedly, a downward correction 2 is forming at the moment. Apparently, the wave A of 2 is developing at the moment, with the ascending correction iv of A nearing completion inside. If the assumption is correct, the pair will continue falling to the level of 1.2050. The level of 1.2350 is critical in this scenario. Its breakout will allow the pair to continue rising to a level of 1.2555.
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Estimated pivot point is at a level of 1.4076.
Main scenario: short positions will be relevant from corrections below the level of 1.4076 with a target of 1.3580 – 1.3400.
Alternative scenario: breakout and consolidation above the level of 1.4076 will allow the pair to continue rising to a level of 1.4343.
Analysis: An ascending trend in the framework of the first wave (1) of senior level is supposed to have finished developing within the 4-hour time frame. A downward correction in the form of the wave (2) has supposedly started forming. Apparently, the third wave of junior level iii of A is developing locally. If the presumption is correct, the pair may be expected to continue dropping to the levels of 1.3580 – 1.3400. The level 1.4076 is critical in this scenario.
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Estimated pivot point is at a level of 0.9324.
Main scenario: long positions will be relevant from corrections above the level of 0.9324 with a target of 0.9510 – 0.9612.
Alternative scenario:breakout and consolidation below the level of 0.0.9324 will allow the pair to continue declining to a level of 0.9186.
Analysis: Supposedly, the first wave of senior level 1 of (3) finished developing within the 4-hour time frame. Apparently, an ascending correction is forming now as the wave 2 of (3), with the wave a of 2 forming within. If the presumption is correct, the pair will continue to rise to the levels 0.9510 – 0.9612. The level 0.9324 is critical in this scenario.
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Estimated pivot point is at a level of 107.72.
Main scenario: short positions will be relevant from corrections below the level of 107.72 with a target of 104.50 – 103.50.
Alternative scenario:breakout and consolidation above the level of 107.72 will allow the pair to continue the rise up to the levels of 108.65 – 109.60.
Analysis: Supposedly, a descending correction of senior level in a form of the wave B continues to form within the 4-hour time frame. Apparently, a descending impetus in the wave C of (B) is developing at the moment, with the fifth wave v of C forming inside. If the assumption is correct, the pair will continue falling to the levels of 104.50 – 103.50. The level 107.72 is critical in this scenario.
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Estimated pivot point is at a level of 1.2757.
Main scenario: long positions will be relevant from corrections above the level of 1.2757 with a target of 1.3020 – 1.3131.
Alternative scenario:breakout and consolidation below the level of 1.2757 will allow the pair to continue declining to a level of 1.2617.
Analysis: Supposedly, the third wave of senior level 3 of (5) continues to develop within the 4-hour time frame. Apparently, the third wave iii of 3 is forming now, with the wave (iii) of iii of junior level developing within. If the presumption is correct, the pair will logically continue to rise to the levels 1.3020 – 1.3131. The level 1.2757 may be critical in this scenario.
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