Wave analysis and forecast for 18/10/2019 – 25/10/2019

EUR/USD

The pair EUR/USD is still likely to grow. Estimated pivot point is at a level of 1.0991.

Main scenario: long positions will be relevant from corrections above the level of 1.0991 with a target of 1.1210 – 1.1409.

Alternative scenario: Breakout and consolidation below the level of  1.0991 will allow the pair to continue declining to the levels of 1.0879 – 1.0800.

Analysis: Supposedly, a descending correction of senior level in the form of the second wave 2 finished developing on the daily time frame as a zigzag, with wave (С) of 2 formed inside. Supposedly, the third wave 3 is starting to develop on the H4 time frame with the first counter-trend wave of junior level  i of 1 of (1) of 3 forming inside. Apparently, an ascending impetus is forming as wave (iii) of i of 1 on the H1 time frame.  If this assumption is correct, the pair will continue to rise to 1.1210 – 1.1409. The level 1.0991 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 1.2598.

Main scenario: long positions will be relevant from corrections above the level of 1.2598 with a target of 1.3167 – 1.3387.

Alternative scenario: Breakout and consolidation below the level of 1.2598 will allow the pair to continue declining to the levels of 1.2197 – 1.1957.

Analysis: Supposedly, a descending correction of senior level in the form of the second wave (2) finished developing on the daily time frame as a zigzag. On the H4 time frame, wave (3) has started forming, with the first wave 1 of (3) forming inside. On the H1 time frame, apparently, the third wave of junior level iii of 1 of (3) is about to finish forming. If the presumption is correct, after the local correction  iv of 1 has formed, the pair will continue to rise to the levels of 1.3167 – 1.3387. The level 1.2598 is critical in this scenario.

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                                                                    USD/CHF

The pair  USDCHF is likely to fall. Estimated pivot point is at a level of 0.9997.

Main scenario: short positions will be relevant from corrections below the level of 0.9997 with a target of  0.9656 – 0.9556. 

Alternative scenario: breakdown and consolidation above the level of 0.9997 will allow the pair to continue the rise up to the levels of 1.0121 – 1.0230.

Analysis: Supposedly, an ascending correction of senior level finished developing in the form of wave (2) on the daily time frame and wave (3) has started forming. Presumably, the local correction of junior level ii of 1 of (3) has formed on the H4 time frame, with wave (c) of ii formed inside. Apparently, wave iii of 1 of (3) started developing on the H1 time frame, with the first counter-trend wave of junior level  (i) of iii forming inside. If the presumption is correct, the pair will logically drop to the  levels  of 0.9656 – 0.9556. The level of 0.9997 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels 1.0121 – 1.0230.

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                                                                   USD/JPY

The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 107.71.

Main scenario: long positions will be relevant from corrections above the level of 107.71 with a target of 110.50 – 112.32. 

Alternative scenario: Breakout and consolidation below the level of 107.71 will allow the pair to continue declining to the levels of 106.42 – 104.43. 

Analysis: On the daily time frame, supposedly, a large correction has been completed in the form of wave (B) of senior level and wave (С) is starting to form. On the H4 time-frame, apparently, the first wave i of 1 of (С) has formed and correction ii of 1 has finished developing. Apparently, the third wave iii of 1 started developing on the H1 time frame, with a counter-trend impulse formed inside as the first wave of junior level  (i) of iii. If the presumption is correct, after correction (ii) of iii, the pair will continue to rise to the levels of 110.50 – 112.32. The level 107.71 is critical in this scenario.

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                                                                    USD/CAD

The USD/CAD pair is under correction, still likely to grow. Estimated pivot point is at a level of 1.3012.

Main scenario: long positions will be relevant from corrections above the level of 1.3012 with a target of 1.3450 – 1.3564. 

Alternative scenario: Breakout and consolidation below the level of 1.3012 will allow the pair to continue declining to the levels of 1.2849 – 1.2656.

Analysis: On the D1 time frame, supposedly, a descending correction finished developing in the form of the second wave of senior level (2) and wave (3) has started forming. The first wave of junior level i of 1 of (3) has formed and the local correction ii of 1 of (3) is about to finish developing on the H4 time frame. Apparently, a descending impulse is developing in the form of wave (c) of ii on the H1 time frame. If the presumption is correct, the pair may be expected to start rising to the levels of 1.3450 – 1.3564 once the impulse ends forming. The level  1.3012 is critical in this scenario.

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Wave analysis and forecast for 27/09/2019 – 04/10/2019

EUR/USD

The pair EUR/USD is still likely to fall. Estimated pivot point is at a level of 1.1074.

Main scenario: short positions will be relevant from corrections below the level of 1.1074 with a target of 1.0850 – 1.0800.

Alternative scenario: breakout and consolidation above the level of 1.1074 will allow the pair to continue the rise up to the levels of 1.1250 – 1.1414.

Analysis: Supposedly, a descending correction of senior level in the form of the second wave 2 continued developing on the daily time frame as a zigzag with a diagonal triangle located in wave (С) of 2. Supposedly, the fifth wave 5 of (C) continues forming on the H4 time frame, with wave c of 5 forming inside. Apparently, the fifth wave of junior level  (v) of c of 5 is forming on the H1 time frame, with wave  iii of (v) developing inside. If the presumption is correct, the pair will continue to drop to the levels of 1.0850 – 1.0800. The level 1.1074 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 1.2197.

Main scenario: long positions will be relevant from corrections above the level of 1.2197 with a target of 1.2704 – 1.2867.

Alternative scenario: Breakout and consolidation below the level of 1.2197 will allow the pair to continue declining to the levels of  1.1957 – 1.1580.

Analysis: Supposedly, a descending correction of senior level in the form of the second wave (2) finished developing on the daily time frame in the form of a zigzag. Wave C of (2) stopped developing on the H4 time frame and wave (3) is starting to develop at the moment. Apparently, the first wave of junior level i of 1 of (3) has formed on the H1 time frame and a local correction is nearing completion in the form of wave ii of 1. If the presumption is correct, after correction, the pair will continue to rise to the levels 1.2704 – 1.2867. The level 1.2197 is critical in this scenario.

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                                                                    USD/CHF

The pair  USDCHF is still likely to fall. Estimated pivot point is at a level of 0.9985.

Main scenario: short positions will be relevant from corrections below the level of 0.9985 with a target of  0.9656 – 0.9556. 

Alternative scenario: breakdown and consolidation above the level of 0.9985 will allow the pair to continue the rise up to the levels of 1.0025 – 1.0121.

Analysis: Supposedly, an ascending correction of senior level in the form of wave (2) finished developing on the daily time frame and wave (3) started forming. The first wave 1 of (3) is forming on the H4 time frame, with the local correction of junior level  ii of 1 developed as a part of it. Apparently, wave iii of 1 is starting to develop on the H1 time frame, with correction ii of (i) of iii nearing completion inside. If the presumption is correct, the pair will continue to drop to the levels 0.9656 – 0.9556. The level of 0.9985 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels 1.0025 – 1.0121.

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                                                                   USD/JPY

The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of  106.93.

Main scenario: long positions will be relevant from corrections above the level of  106.93 with a target of 109.35 – 112.32. 

Alternative scenario: Breakout and consolidation below the level of  106.93 will allow the pair to continue declining to the levels of 105.71 – 104.43. 

Analysis: On the daily time frame, supposedly, a large correction has stopped forming in the form of wave (B) of senior level and wave (С) is starting to form. Presumably, the first wave of junior level  i of 1 of (C) is developing on the H4 time frame, with wave (iii) of i formed inside. Apparently, a local correction has finished developing in the form of wave (iv) of i and wave (v) of i started developing on the H1 time frame. If the presumption is correct, the pair will continue to rise to the levels of 109.35 – 112.32. The level  106.93 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 1.3131.

Main scenario: long positions will be relevant from corrections above the level of 1.3131 with a target of 1.3384 – 1.3564. 

Alternative scenario: Breakout and consolidation below the level of 1.3131 will allow the pair to continue declining to the levels of 1.3014 – 1.2900.

Analysis: Supposedly, a descending correction finished developing on the D1 time frame in the form of the second wave of senior level (2) and wave (3) started forming. The first wave of junior level i of 1 of (3) and the local correction ii of 1 of (3) have formed on the H4 time frame. Apparently, the third wave  iii of 1 started developing on the H1 time frame, with the first wave (i) of iii formed and the correction (ii) of iii completed inside. If the presumption is correct, the pair will continue to rise to the levels 1.3384 – 1.3564. The level 1.3131 is critical in this scenario.

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wave analysis and forecast for 20/09/2019 – 27/09/2019

 EUR/USD

The pair EUR/USD is still likely to grow. Estimated pivot point is at a level of 1.0991.

Main scenario: long positions will be relevant from corrections above the level of 1.0991 with a target of 1.1163 – 1.1249.

Alternative scenario: Breakout and consolidation below the level of 1.0922 will allow the pair to continue declining to the levels of 1.0924 – 1.0850.

Analysis: Supposedly, a descending correction of senior level in the form of the second wave 2 finished developing on the daily time frame as a zigzag with a diagonal triangle located in wave (С) of 2. Supposedly, the fifth wave 5 of (C) finished forming on the H4 time frame, with wave c of 5 formed inside. Apparently, wave 3 has started forming on the H1 time frame, with counter-trend impulse of junior level i of 1 of (1) of 3 formed, correction  ii of 1 of (1) completed and wave iii of 1 starting to develop inside. If the presumption is correct, the pair will continue to rise to the levels 1.1163 – 1.1249. The level 1.0991 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 1.2388.

Main scenario: long positions will be relevant from corrections above the level of 1.2388 with a target of 1.2704 – 1.2867.

Alternative scenario: Breakout and consolidation below the level of 1.2388 will allow the pair to continue declining to the levels of 1.2215 – 1.1960.

Analysis: Supposedly, a descending correction of senior level in the form of the second wave (2) finished developing on the daily time frame in the form of a zigzag. Wave C of (2) stopped developing on the H4 time frame and wave (3) is starting to develop at the moment. Apparently, the first wave of junior level  i of 1 of (3) is developing on the H1 time frame, with wave (iii) of i developing inside. If the presumption is correct, the pair will continue to rise to the levels 1.2704 – 1.2867. The level 1.2388 is critical in this scenario.

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                                                                   USD/CHF

The pair USD/CHF is still likely to fall. Estimated pivot point is at a level of 1.0022.

Main scenario: short positions will be relevant from corrections below the level of 1.0022 with a target of  0.9656 – 0.9556. 

Alternative scenario: breakdown and consolidation above the level of 1.0022 will allow the pair to continue the rise up to the levels of 1.0121 – 1.0228.

Analysis: Supposedly, an ascending correction of senior level in the form of wave (2) finished developing on the daily time frame and wave (3) started forming. The first wave 1 of (3) is forming on the H4 time frame, with a local correction of junior level  ii of 1 developed as a part of it. On the H1 time frame, apparently, wave (с) of ii  has formed and wave iii of 1 is starting to develop at the moment. If the presumption is correct, the pair will continue to drop to the levels 0.9656 – 0.9556. The level of 1.0022 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels 1.0121 – 1.0228.

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                                                                   USD/JPY

The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 106.77.

Main scenario: long positions will be relevant from corrections above the level of 106.77 with a target of 109.35 – 112.32. 

Alternative scenario: Breakout and consolidation below the level of 106.77 will allow the pair to continue declining to the levels of 105.71 – 104.43. 

Analysis: Supposedly, a large correction has stopped forming on the daily time frame  in the form of wave (B) of senior level and wave (С) is starting to form. Presumably, the first wave of junior level  i of 1 of (C) is developing on the H4 time frame, with wave (iii) of i formed inside. Apparently, a local correction is developing on the H1 time frame in the form of wave (iv) of i.  If the presumption is correct, the pair may be expected to rise to the levels of 109.35 – 112.32 once the correction is completed. The level 106.77 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 1.3210.

Main scenario: long positions will be relevant from corrections above the level of 1.3210 with a target of 1.3384 – 1.3564. 

Alternative scenario: Breakout and consolidation below the level of 1.3210 will allow the pair to continue declining to the levels of 1.3127 – 1.3014.

Analysis: Supposedly, a descending correction finished developing on the D1 time frame in the form of the second wave of senior level (2) and wave (3) started forming. The first wave of junior level i of 1 of (3) and local correction ii of 1 of (3) have formed on the H4 time frame. Apparently, the third wave iii of 1 started developing on the H1 time frame, with wave (i) of iii forming inside. If the presumption is correct, the pair will continue to rise to the levels 1.3384 – 1.3564. The level 1.3210 is critical in this scenario.

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Wave analysis and forecast for 14/06/2019 – 21/06/2019

EUR/USD

Correction is completed, the pair EUR/USD is likely to grow. Estimated pivot point is at a level of 1.1106.

Main scenario: long positions will be relevant from corrections above the level of 1.1106 with a target of 1.1447 – 1.1570.

Alternative scenario: Breakout and consolidation below the level of 1.1106 will allow the pair to continue declining to the levels of 1.1020 – 1.0950.

Analysis: Supposedly, a descending correction of senior level in the form of the second wave 2 finished developing on the daily frame in the form of a zigzag whose diagonal is located inside the wave (С) of 2. Supposedly, the third wave started developing on the H4 time frame with the first counter-trend wave of junior level  i of 1 of (1) of 3 formed inside. Apparently, the local correction is developing in the form of wave  ii of 1 on the H1 time frame.  If this assumption is correct, the pair will continue to rise to the levels 1.1447 – 1.1570 once the correction’s over. The level 1.1106 is critical in this scenario.

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                                                                   GBP/USD

Correction is completed, the pair GBP/USD is likely to continue growing. Estimated pivot point is at a level of 1.2550.

Main scenario: long positions will be relevant from corrections above the level of 1.2550 with a target of 1.3178 – 1.3377.

Alternative scenario: Breakout and consolidation below the level of 1.2550 will allow the pair to continue declining to the levels of 1.2241 – 1.2101.

Analysis: Supposedly, a descending correction of senior level in the form of the second wave (2) finished developing on the daily frame in the form of a zigzag and the wave (3) started developing. On the H4 time frame, supposedly, the first counter-trend wave 1 of (3) has formed and a descending correction of junior level 2 of (3) has developed. Apparently, the wave 3 of (3) starts developing on the H1 time frame, with the first wave i of 3 forming inside. If the presumption is correct, the pair will logically rise to the  levels 1.3178 – 1.3377. The level 1.2550 is critical in this scenario.

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                                                                   USD/CHF

Correction is completed, the pair USD/CHF is likely to continue growing. Estimated pivot point is at a level of 0.9858.

Main scenario: long positions will be relevant from corrections above the level of  0.9858 with a target of 1.0241 – 1.0400. 

Alternative scenario: breakout and consolidation below the level of 0.9858 will allow the pair to continue declining to the levels at 0.9715 – 0.9556.

Analysis: Supposedly, the third wave of senior level 3 of (3) continues to form on the daily time frame. On the H4 time frame, supposedly the first wave i of 3 of (3) has formed as a wedge and a descending correction has supposedly finished developing in the form of the wave  ii of 3 of (3). Apparently, the wave  iii of 3 started developing on the H1 time frame, with the wave of junior level (i) of iii forming inside. If the presumption is correct, the pair will logically rise to the  levels 1.0241 – 1.0400. The level 0.9858 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 108.80.

Main scenario: short positions will be relevant from corrections below the level of 108.80 with a target of 107.51. 

Alternative scenario: breakout and consolidation above the level of 108.80 will allow the pair to continue the rise up to the levels of 110.67 – 112.40. 

Analysis: Supposedly, the wave of senior level (C) of B continues developing on the daily time frame, with the wave 3 of (C) forming inside. On H4 timeframe, presumably there’s a descending correction ii of 3 forming in the form of a zigzag, with the wave  (c) of ii developing inside. Apparently, the fourth wave of junior level iv of (c) has formed on the H1 time frame. If this assumption is correct, the pair will continue to drop to 107.51 inside the wave v of (c). The level 108.80 is critical in this scenario.

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                                                                   USD/CAD

Correction is completed, the pair USD/CAD is likely to grow. Estimated pivot point is at a level of 1.3237.

Main scenario: long positions will be relevant from corrections above the level of 1.3237 with a target of 1.3431 – 1.3567. 

Alternative scenario: Breakout and consolidation below the level of 1.3237 will allow the pair to continue declining to the levels of  1.3109 – 1.3065.

Analysis: Supposedly, an ascending trend continues to form as the third wave of senior level 3 of (5) on the daily time frame. On the H4 time-frame, the first wave of junior level  i of 3 has formed and the downward correction ii of 3 finished developing. Apparently, the wave iii of 3 started developing on the H1 time frame.  If this assumption is correct, the pair will continue to rise to  1.3431 – 1.3567. The level 1.3237 is critical in this scenario.

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