Wave analysis and forecast for 29/06/2018 – 06/07/2018

                                                  EUR/USD

The pair EUR/USD is still likely to fall. Estimated pivot point is at a level of 1.1720.

Main scenario: short positions will be relevant from corrections below the level of 1.1720 with a target of 1.1439 – 1.1320.

Alternative scenario: breakout and consolidation above the level of 1.1720 will allow the pair to continue the rise up to the levels of 1.1850 – 1.1990.

Analysis: In the daily time frame, an upward impetus is formed as the first wave of senior level (1) and a downward correction continues forming as wave (2). In the 4-hour time frame, a downward impetus continues forming within the wave A of (2), with a correction wave iv of A completed inside. In the 1-hour time frame, apparently, the fifth wave v of A is forming, with an upward correction of junior level (ii) of v completed and the wave (iii) of v developing inside. If the presumption is correct, the pair will continue to drop to the levels 1.1439 – 1.1320. The level 1.1720 is critical in this scenario.

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                                                                    GBP/USD

The pair GBP/USD is still likely to fall. Estimated pivot point is at a level of 1.3230.

Main scenario: short positions will be relevant below the level of 1.3230 with a target of 1.2926.

Alternative scenario: breakout and consolidation above the level of 1.3230 will allow the pair to continue rising to a level of 1.3477.

Analysis: Supposedly, the first wave of senior level (1) is formed as an impetus within the daily timeframe. A downward correction in the form of the second wave (2) is developing in the 4-hour time-frame, with the wave C of (2) forming within. Apparently, the third wave iii of C of junior level continues developing in the 1-hour time frame. If this assumption is correct, the pair will continue to drop to 1.2926. The level 1.3230 is critical in this scenario.

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                                                                    USD/CHF

Ascending trend for the pair USD/CHF continues. Estimated pivot point is at a level of 0.9853.

Main scenario: long positions will be relevant from corrections above the level of 0.9853 with a target of 1.0057 – 1.0190.

Alternative scenario: breakout and consolidation below the level of 0.9853 will allow the pair to continue declining to the levels at 0.9745 – 0.9668.

Analysis: Supposedly, an ascending impetus continues to form as the first wave of senior level 1 of (3) within the daily time frame. A downward correction in the form of wave iv of 1 has finished in the 4-hour time frame and the wave v of 1 has started forming. Apparently, a downward correction in the form of the wave (ii) of v has finished in the 1-hour time frame, and the third wave (iii) of v is developing at the moment. If the presumption is correct, the pair will continue to rise to levels 1.0057 – 1.0190. The level 0.9853 is critical in this scenario.

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                                                                    USD/JPY

The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 109.35.

Main scenario: long positions will be relevant from corrections above the level of 109.35 with a target of 111.40 – 112.60.

Alternative scenario: breakout and consolidation below the level of 109.35 will allow the pair to continue declining to the levels at 108.81 – 108.00.

Analysis:Supposedly, the wave B of senior level is developing within the daily timeframe, with the wave (C) of B starting to develop inside the wave B. In the 4-hour time frame, a counter-trend impetus is formed as wave1 of (C), a correction wave 2 of (C) is completed and the first wave of junior level i of 3 is formed. A descending correction is completed as the wave ii of 3 in the form of plane (a)(b)(c) and the third wave iii of 3 started developing in the 1-hour frame. If the presumption is correct, the pair will continue to rise to the levels 111.40 – 112.60 and higher. The level 109.35 is critical in this scenario.

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                                                                     USD/CAD

The pair USD/CAD is still likely to grow. Estimated pivot point is at a level of 1.3043.

Main scenario: long positions will be relevant above the level of 1.3043 with a target of 1.3500 – 1.3600 once the correction has finished.

Alternative scenario: Breakout and consolidation below the level of 1.3043 will allow the pair to continue declining to the levels of 1.2850 – 1.2735.

Analysis: Supposedly, the first wave of senior level 1 of (5) continues to develop within the daily time frame in the form of a wedge. The fifth wave v of 1 is developing in the 4-hour timeframe. Apparently, the third wave of junior level (iii) of v continues forming now in the 1-hour time frame, with a local correction (iv) of iii developing inside. If the presumption is correct, the pair will logically resume dropping to the levels 1.3500 – 1.3600. The level 1.3043 is critical in this scenario.

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Wave analysis and forecast for 22/06/2018 – 29/06/2018

                                                     EUR/USD

The pair EUR/USD is still likely to fall. Estimated pivot point is at a level of 1.1848.

Main scenario: short positions will be relevant from corrections below the level of 1.1848 with a target of 1.1320 – 1.1176.

Alternative scenario: breakout and consolidation above the level of 1.1848 will allow the pair to continue the rise up to the levels of 1.1991 – 1.2111.

Analysis: In the daily time frame, an upward impetus is formed as the first wave of senior level (1) and a downward correction continues forming as wave (2). In the 4-hour time frame, a downward impetus continues forming within the wave A of (2), with a correction wave iv of A completed inside. In the 1-hour time frame, apparently, the fifth wave v of A is forming, with an upward correction of junior level (ii) of v nearing completion inside. If the presumption is correct, the pair will continue to drop to the levels 1.1320 – 1.1176. The level 1.1848 is critical in this scenario.

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                                                                    GBP/USD

The pair GBP/USD is still likely to fall. Estimated pivot point is at a level of 1.3476.

Main scenario: short positions will be relevant below the level of 1.3476 with a target of 1.3040 – 1.2926.

Alternative scenario: breakout and consolidation above the level of 1.3476 will allow the pair to continue rising to a level of 1.3645.

Analysis: Supposedly, the first wave of senior level (1) is formed as an impetus within the daily timeframe. A downward correction in the form of the second wave (2) is developing in the 4-hour time-frame, with the wave C of (2) forming within. In the 1-hour time frame, apparently, a bearish impetus has been formed as the first wave of junior level i of C and an ascending correction ii of C is developing now. If the presumption is correct, the pair will logically fall to 1.3040 – 1.2926 once the correction is competed. The level 1.3476 is critical in this scenario.

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                                                                     USD/CHF

Ascending trend for the pair USD/CHF continues. Estimated pivot point is at a level of 0.9787.

Main scenario: long positions will be relevant from corrections above the level of 0.9787 with a target of 1.0057 – 1.0190.

Alternative scenario: breakout and consolidation below the level of 0.9787 will allow the pair to continue declining to the levels at 0.9745 – 0.9668.

Analysis: Supposedly, an ascending impetus continues to form as the first wave of senior level 1 of (3) within the daily time frame. A downward correction in the form of wave iv of 1 has finished in the 4-hour time frame and the wave v of 1 has started forming. Apparently, the first wave of junior level (i) of v has been formed in the 1-hour time frame and a downward correction is developing in the form of the wave (ii) of v. If the presumption is correct, the pair will logically resume rising to the levels 1.0057 – 1.0190 once the correction is completed. The level 0.9787 is critical in this scenario.

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                                                                     USD/JPY

The USD/JPY pair is under correction, still likely to fall. Estimated pivot point is at a level of 110.75.

Main scenario: short positions will be relevant from corrections below the level of 110.75 with a target of 109.21 – 108.81.

Alternative scenario: Breakout and consolidation above the level of 110.75 will allow the pair to continue rising to a level of 111.40 and higher.

Analysis: Supposedly, the wave B of senior level is developing within the daily timeframe, with the wave (C) of B starting to develop inside. In the 4-hour time frame, a counter-trend impetus is formed as wave 1 of (C), a correction wave 2 of (C) is completed and the first wave of junior level i of 3 is formed. A downward correction is developing as wave ii of 3 in the form of plane (a)(b)(c). If this presumption is correct, the pair will continue to fall to 109.20 – 108.80. The level 110.75 is critical in this scenario.

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                                                                    USD/CAD

The pair USD/CAD is likely to fall under correction. Estimated pivot point is at a level of 1.3340.

Main scenario: short positions will be relevant from corrections below the level of 1.3340 with a target of 1.3108 – 1.3036.

Alternative scenario: breakout and consolidation above the level of 1.3340 will allow the pair to continue rising to a level of 1.3500.

Analysis: Supposedly, the first wave of senior level 1 of (5) continues to develop within the daily time frame in the form of a wedge. The fifth wave v of 1 is developing in the 4-hour timeframe. Apparently, the third wave of junior level (iii) of v is formed in the 1-hour time frame. If this assumption is correct, we may expect that the pair will go down as part of the fourth wave (iv) of v to the levels 1.3108 – 1.3036 under correction. The level 1.3340 is critical in this scenario.

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Wave analysis and forecast for 15/06/2018 – 22/06/2018

                                                 EUR/USD

The pair EUR/USD is still likely to grow. Estimated pivot point is at a level of 1.1508.

Main scenario: long positions will be relevant from corrections above the level of 1.1508 with a target of 1.1884.

Alternative scenario: Breakout and consolidation below the level of 1.1508 will allow the pair to continue declining to the levels of 1.1438 – 1.1176.

Analysis: Supposedly, the wave A of (2) of senior level continues forming within the daily time frame. Apparently, the third wave of junior level iii of A of junior level has been formed and an upward correction is developing now in the form of the wave iv of A, with the wave (b) of iv completed inside, supposedly. If this assumption is correct, the pair will go on growing to the level of 1.1884. The level 1.1508 is critical in this scenario.

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                                                                    GBP/USD

The pair GBP/USD is still likely to grow. Estimated pivot point is at a level of 1.3202.

Main scenario: long positions will be relevant above the level of 1.3202 with a target of 1.3480.

Alternative scenario: breakout and consolidation below the level of 1.3202 will allow the pair to continue declining to a level of 1.2926.

Analysis: Supposedly, a descending correction of senior level in the form of the wave (2) continues to develop within the daily frame. Apparently,the wave А of (2) has been formed locally and an ascending correction is developing in the form f the wave B of (2), with the wave a of B formed as a wedge and the wave b of B completed inside. If the presumption is correct, the pair may be expected to rise to the level of 1.3480. The level 1.3202 is critical in this scenario.

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                                                                    USD/CHF

Ascending trend for the pair USD/CHF continues. Estimated pivot point is at a level of 0.9824.

Main scenario: long positions will be relevant from corrections above the level of 0.9824 with a target of 1.0057.

Alternative scenario: breakout and consolidation below the level of 0.9824 will allow the pair to continue declining to the levels at 0.9668 – 0.9432.

Analysis: Supposedly, an ascending impetus continues to form as the first wave of senior level 1 of (3) within the daily time frame. Apparently, the downward correction iv of 1 has finished locally and the wave v of 1 has started forming. If the presumption is correct, the pair will logically continue to rise to a level of 1.0057. The level 0.9824 is critical in this scenario.

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                                                                    USD/JPY

The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 109.89.

Main scenario: long positions will be relevant from corrections above the level of 109.89 with a target of 111.40.

Alternative scenario: breakout and consolidation below the level of 109.89 will allow the pair to continue declining to the levels at 109.18 – 108.37.

Analysis: Supposedly, an ascending impetus has been formed within the 4-hour time frame as the first wave of senior level 1 of (C) and a local correction 2 of (C) has come to an end. Apparently, the wave 3 of (C) started forming now, with the first wave of junior level i of 3 forming inside. If the presumption is correct, the pair will logically continue to rise to a level of 111.40. The level 109.89 is critical in this scenario.

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                                                                    USD/CAD

Ascending trend for the pair USD/CAD continues. Estimated pivot point is at a level of 1.2946.

Main scenario: long positions will be relevant from corrections above the level of 1.2946 with a target of 1.3300.

Alternative scenario: breakout and consolidation below the level of 1.2946 will allow the pair to continue declining to a level of 1.2525.

Analysis: Supposedly, the first wave of senior level 1 of (5) continues to develop within the daily time frame in the form of a wedge. Apparently, the fifth wave of junior level v of 1 is forming now, with the wave (iii) of v formed inside. If the presumption is correct, the pair will continue to rise to the level of 1.3300 once the correction (iv) has been completed. The level 1.2946 is critical in this scenario.

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Wave analysis and forecast for 08/06/2018 – 15/06/2018

                                                     EUR/USD

The pair EUR/USD is still likely to grow. Estimated pivot point is at a level of 1.1650.

Main scenario: long positions will be relevant from corrections above the level of 1.1650 with a target of 1.1994.

Alternative scenario:Breakout and consolidation below the level of 1.1650 will allow the pair to continue declining to the levels of 1.1518 – 1.1435.

Analysis: Supposedly, the wave A of (2) of senior level continues forming within the daily time frame. Apparently, the third wave of junior level iii of A of junior level has been formed and an upward correction is developing now in the form of the wave iv of A, with the wave (a) of iv forming inside. If this assumption is correct, the pair will go on growing to the level of 1.1994. The level 1.1650 is critical in this scenario.

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                                                                    GBP/USD

The pair GBP/USD is still likely to grow. Estimated pivot point is at a level of 1.3202.

Main scenario: long positions will be relevant from corrections above the level of 1.3202 with a target of 1.3645.

Alternative scenario: breakout and consolidation below the level of 1.3202 will allow the pair to continue declining to a level of 1.3100.

Analysis: Supposedly, a descending correction of senior level in the form of the wave (2) continues to develop within the daily frame. Apparently,the wave А of (2) has been formed locally and an ascending correction is developing in the form f the wave B of (2), with the wave a of B formed inside as a wedge. If the presumption is correct, the pair will logically rise to the level of 1.3645 after the correction b of B  comes to an end. The level 1.3202 is critical in this scenario.

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                                                                    USD/CHF

The pair USD/CHF is expected to grow. Estimated pivot point is at a level of  0.9749.

Main scenario: long positions will be relevant above the level of 0.9749 with a target of  0.9985 – 1.0057.

Alternative scenario:breakout and consolidation below the level of 0.9749 will allow the pair to continue declining to the levels at 0.9668 – 0.9432.

Analysis: Supposedly, an ascending impetus continues to form as the first wave of senior level 1 of (3) within the daily time frame. Apparently, a downward correction iv of 1 finishes forming now, with the wave (c) of iv formed within. If the presumption is correct, the pair will logically rise to the  levels 0.9985 – 1.0057. The level  0.9749 is critical in this scenario.

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                                                                     USD/JPY

The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 108.11.

Main scenario: long positions will be relevant from corrections above the level of 108.11 with a target of 111.40.

Alternative scenario: Breakout and consolidation below the level of 108.11 will allow the pair to continue declining to a level of 107.22.

Analysis: Supposedly, an ascending impetus has been formed within the 4-hour time frame as the first wave of senior level 1 of (C). Apparently, a descending correction finished forming now as the second wave 2 of (C), and the wave 3 of (C) started forming, with a counter-trend impetus of junior level (i) of i of 3 formed within. If the presumption is correct, the pair will logically continue to rise to a level of 111.40. The level 108.11 is critical in this scenario.

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                                                                    USD/CAD

The pair USD/CAD is still likely to grow. Estimated pivot point is at a level of 1.2847.

Main scenario: long positions will be relevant from corrections above the level of 1.2847 with a target of 1.3300 – 1.3400.

Alternative scenario:breakout and consolidation below the level of 1.2847 will allow the pair to continue declining to a level of 1.2525.

Analysis: Supposedly, the first wave of senior level 1 of (5) continues to develop within the daily time frame in the form of a wedge. Apparently, the fifth wave of junior level v of 1 is forming now, with the wave  (iii) of v forming inside. If the presumption is correct, the pair will continue to rise to levels 1.3300 – 1.3400. The level 1.2847 is critical in this scenario.

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