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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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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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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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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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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