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.
| Start Trading |
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.
| Start Trading |
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.
| Start Trading |
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.
| Start Trading |
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.
| Start Trading |
