EUR/USD Wave analysis and forecast of 07.08 – 14.08: The pair is undergoing correction; the price is likely to rise.
Estimated pivot point is at a level of 1.0840.
Our opinion: Buy the pair from correction above the level of 1.0840 with the target of 1.1220 – 1.1435.
Alternative scenario: Breakout of the level of 1.0840 and consolidation below this level will trigger further decrease in price up to 1.07.
Analysis: Presumably, the third wave of the senior level 3 is being formed. Locally, it is likely that the first (i) and the second waves (ii) of the junior level have been formed. If this assumption is correct, the pair can continue to rise up to 1.12 – 1.14. Critical level for this scenario is 1.0840. Breakout of this level will enable the price to go down to 1.07.
GBP/USD Wave analysis and forecast of 07.08 – 14.08: The pair is likely to decline.
Estimated pivot point is at a level of 1.5640.
Our opinion: Sell the pair from correction below the level of 1.56400 with the target of 1.53 – 1.52. In case of breakdown of the level of 1.5640, buy the pair with the target of 1.58 – 1.60.
Alternative scenario: Breakout and consolidation of the price above the level of 1.5640 will allow the rise in the pair up to 1.58 – 1.60.
Analysis: Due to the continued flat, a scenario of the rise in the pair is temporary cancelled. It is likely that at the moment the pair is in the wave X, and the wave С of X is being developed. Locally it seems that a few one-two waves have been formed. If this assumption is confirmed, the pair will continue to go down to 1.54 – 1.52. Critical level for this scenario is 1.5640. 
USD/CHF Wave analysis and forecast for 07.08 – 14.08: Uptrend continues; local correction is possible.
Estimated pivot point is at a level of 0.9747.
Our opinion: Buy the pair from the correction above the level of 0.9747 with the target of 0.99. In case of breakdown of the level of 0.9747, sell the pair with the target of 0.9540.
Alternative scenario: Breakout and consolidation of the price below the level of 0.9519 will enable the pair to continue to decline to 0.93.
Analysis: Presumably, the formation of the third wave of the senior level 3 continues. It is likely that within this wave the third wave (iii) of 3 of the junior level is nearing completion. If this assumption is correct, the pair will continue to rise to 0.99 and from this level the “bearish” correction may begin. Critical level for this scenario is 0.9747.
USD/JPY Wave analysis and forecast of 07.08 – 14.08: Uptrend continues.
Estimated pivot point is at a level of 124.50.
Our opinion: Buy the pair from correction above the level of 124.50 with the target of 126.50.
Alternative scenario: Breakout and consolidation of the price below the level of 124.50 will make the pair continue to decline to 123.50 – 123.00.
Analysis: Presumably, the formation of the local correction as the wave (ii), which has reached the corrective level of 38%, has completed. Locally, it seems that the third wave (iii) is being formed, within which the third wave of the junior level iii of (iii) is being developed. If this assumption is correct and the price does not break down the critical level of 124.50, the pair will continue to rise up to 126.50. If the critical level is broken down, the pair will continue to decline to 123.50 – 123.00.
USD/СAD Wave analysis and forecast of for 07.08 – 14.08: Uptrend continues.
Estimated pivot point is at a level of 1.2857.
Our opinion: Wait for the completion of the correction and buy the pair above the level of 1.2857 with the target of 1.34.
Alternative scenario: Breakout and consolidation of the price below the level of 1.2857 will enable the pair to continue to decline to 1.2545.
Analysis: Presumably, the third wave of the senior level iii of 5 is still being formed, while within it the extension of the impetus is being developed. Locally, it is likely that the third wave of the junior level (iii) has completed and the correction as the wave (iv) is being developed. If this assumption is correct, after the completion of the correction the pair will continue to rise to the level of 1.34. Critical level for this scenario is 1.2857.
EUR/USD Wave analysis and forecast of 31.07 – 07.08: The pair is undergoing correction. The price is likely t grow.
Estimated pivot point is at a level of 1.0805.
Our opinion: Buy the pair from correction above the level of 1.0805 with the target of 1.1220 – 1.1435.
Alternative scenario: Breakout of the level of 1.0805 and consolidation below this level will trigger furtherи decrease in price up to 1.07.
Analysis: The formation of the first one-two wave (i) in the shape of the diagonal has completed in the assumed third wave of the senior level. Locally it is likely that the downward correction as the wave (ii) has completed. In case this assumption is confirmed and the price does not break down the critical level of 1.08, the price can continue to rise up to 1.12 – 1.14. Breakdown of the critical level will enable the price to continue to decline to 1.07.
GBP/USD Wave analysis and forecast of 31.07 – 07.08: The pair is likely to grow.
Estimated pivot point is at a level of 1.5460.
Our opinion: Buy the pair above the level of 1.5460 with the target of 1.58 – 1.61.
Alternative scenario: Breakout and consolidation of the price below the level of 1.5460 will allow the decline in the pair to continue to 1.50.
Analysis: Presumably, wave С of 2 continues to develop in the upward “bullish” correction of the senior level. At the moment, it is likely that the third wave iii of C is being developed, within which the corrective wave (ii) has completed and the third wave of the junior level (iii) started to develop. If this assumption is correct and the price does not break down the critical level of 1.5460, the pair will continue to grow to 1.63 in the third wave. 
USD/CHF Wave analysis and forecast for 31.07 – 07.08: Uptrend continues; local correction is possible.
Estimated pivot point is at a level of 0.9519.
Our opinion: Buy the pair from the correction above the level of 0.9519 with the target of 0.9840. In case of breakdown of the level of 0.9519 sell the pair with the target of 0.93.
Alternative scenario: Breakout and consolidation of the price below the level of 0.9519 will enable the pair to continue to decline to 0.93.
Analysis: Presumably, the formation of the third wave of the senior level 3 continues. Within this wave the third wave (iii) of 3 of the junior level has completed. Locally it seems that the decline has started within the correction as the fourth wave (iv) of iii. After the completion of the correction the rise in the pair is expected to continue. Critical level for this scenario is 0.951.
USD/JPY Wave analysis and forecast of 31.07 – 07.08: Local correction is being formed.
Estimated pivot point is at a level of 122.97.
Our opinion: Buy the pair from correction above the level of 122.97 with the target of 126.50.
Alternative scenario: Breakout and consolidation of the price below the level of 122.97 will enable the pair to continue decline to 121.90 as part of correction.
Analysis: Presumably, the formation of the local correction as the wave (ii), which has reached the corrective level of 38%, has completed. Locally, it seems that the third wave (iii) is being formed. If this assumption is correct and the price does not break down the critical level of 122.97, the pair will continue to rise up to 126.50. In case of breakdown of the critical level, the correction will continue to 50 – 62%.
USD/СAD Wave analysis and forecast of for 31.07 – 07.08: Uptrend continues.
Estimated pivot point is at a level of 1.3105.
Our opinion: In the short-term: sell the pair from the correction below the level of 1.3105 with the target of 1.27. In the medium-term: wait for the completion of the correction and buy the pair with the target of 1.33.
Alternative scenario: Breakout and consolidation of the price above the level of 1.3105 will enable the pair to continue the rise up to 1.33.
Analysis: Presumably, the formation of the third wave iii of 5 of the senior level, within which the impetus has formed, came to completion. Locally, it is likely that the “bearish” correction is being formed, within which a zigzag (a)(b)(c) can develop. If this assumption is correct, and the price does not break down the critical level of 1.3105, the pair will continue to decline to 1.27.
