EUR/USD: Wave analysis and forecast for 05.02 – 12.02:Uptrend continues.
Estimated pivot point is at the level of 1.1066.
Our opinion: Buy the pair from correction above the level of 1.1066 with the target of 1.1350 – 1.1500.
Alternative scenario: Breakout and consolidation of the price below the level of 1.1066 will allow the pair to continue decline to 1.0806.
Analysis: Presumably, the formation of the third wave 3 of the senior level continues. Locally, it seems that the momentum in the third wave (iii) is being developed. If this assumption is correct, the pair can continue to rise up to 1.1350 – 1.1500. Critical level for this scenario is 1.1066. Breakdown of this level will trigger decline in the pair to 1.0940 - 1.0806.
GBP/USD: Wave analysis and forecast for 05.02 – 12.02: The pair is undergoing correction; probability of decline in the pair remains.
Estimated pivot point is at the level of 1.4888.
Our opinion: Sell the pair below the level of 1.4888 with the target of 1.3950 – 1.3750.
Alternative scenario: Breakout and consolidation of the price above the level of 1.4888 will enable the pair to continue the rise to the level of 1.55.
Analysis: The formation of the downtrend continues in the third wave of the senior level iii of 3. At the moment, it seems that the fourth wave iv of 3 is close to completion. If this assumption is correct, after its completion the pair will continue to decline to 1.4070 – 1.3950. Critical level for this scenario is 1.4888. Breakdown of this level can stop the development of the “bearish” trend.
USD/CHF: Wave analysis and forecast for 05.02 – 12.02:Downtrend prevails.
Estimated pivot point is at the level of 1.0255.
Our opinion: Sell the pair from correction below the level of 1.0255 with the target of 0.9470.
Alternative scenario: Breakout and consolidation of the price above the level of 1.0323 will allow the pair to continue the rise up to the levels of 1.04 – 1.05.
Analysis: The formation of the upward correction has completed as the wave ii of С, within which a double zigzag (w)(x)(y) has been formed. Locally, it seems that the third wave iii of C is being formed, within which one-two first wave of the junior level has developed (i). If this assumption is correct, after the completion of the local correction (ii) the pair will continue to decline to 0.95. Critical level for this scenario is 1.0255.
USD/JPY: Wave analysis and forecast for 05.02 – 12.02: The pair is likely to rise.
Estimated pivot point is at the level of 115.95.
Our opinion: Buy the pair from correction above the level of 115.95 with the target of 121.70 – 124.50 or above.
Alternative scenario: Breakout and consolidation of the price below the level of 115.95 will allow the pair to continue decline to the levels of 114.90 – 114.00.
Analysis: The formation of the wave С of 4 as the large correction has completed. At the moment it is likely that one-two impetus of the junior level as the first wave i of 1 has been formed. Locally, the correction as the second wave is nearing completion. If this assumption is correct, the pair will continue to rise up to 121.70 – 124.50. Critical level for this scenario is 115.95.
USD/СAD: Wave analysis and forecast for 05.02 – 12.02: Rise as part of correction.
Estimated pivot point is at the level of 1.3765.
Our opinion: Buy the pair after consolidation above the level of 1.3765 with the target of 1.41 – 1.4270.
Alternative scenario: Decline can continue up to 1.3280.
Analysis: Presumably, the formation of the downward zigzag has completed in the emerging large “bearish” correction. Locally, it seems that the development of the wave (c) has completed. If this assumption is correct, upward correction in the pair can continue up to 1.41 – 1.4270. As an alternative scenario it is possible that the pair will continue to decline and the wave (c) extension will reach the level of 1.3280.
EUR/USD: Wave analysis and forecast for 22.01 – 29.01:Correction is nearing completion; the pair is likely to grow.
Estimated pivot point is at the level of 1.0710.
Our opinion: Buy the pair from correction above the level of 1.0710 with the target of 1.1150 – 1.1250.
Alternative scenario: Breakout and consolidation of the price below the level of 1.0710 will allow the pair to continue decline to 1.0630.
Analysis: Presumably, the formation of the third wave 3 of the senior level continues. Locally, it seems that the correction as the wave (ii) of iii is nearing completion. If this assumption is correct, in the near future the pair will continue to grow to the levels of 1.1150 – 1.1250 in the third wave (iii). Critical level for this scenario is 1.0710. Breakdown of this level will trigger the decline in the pair to 1.0630.
GBP/USD: Wave analysis and forecast for 22.01 – 29.01: The pair is undergoing correction; the decline in the pair is possible.
Estimated pivot point is at the level of 1.4396.
Our opinion: Sell the pair from correction below the level of 1.4396 with the target of 1.3950 – 1.3750.
Alternative scenario: Breakout and consolidation of the price above the level of 1.4396 will enable the pair to continue the rise to the level of 1.4935.
Analysis: The formation of the downtrend continues in the third wave of the senior level iii of 3. At the moment, it seems that the extension in the third wave (iii) of the junior level is being formed. If this assumption is correct, the pair will continue to decline to the levels of 1.3950 – 1.3750. Critical level for this scenario is 1.4396. Breakdown of this level will allow the pair to go up to 1.4935.
USD/CHF: Wave analysis and forecast for 22.01 – 29.01: The pair is undergoing correction; a chance of decline in the pair remains.
Estimated pivot point is at the level of 1.0323.
Our opinion: Sell the pair from correction below the level of 1.0323, or on the breakdown of the level of 0.9987 with the target of 0.9470.
Alternative scenario: Breakout and consolidation of the price above the level of 1.0322, will allow the pair to continue the rise up to the levels of 1.04 – 1.05.
Analysis: Presumably, upward correction as the wave ii of С continues to develop. Within this wave a double zigzag (w)(x)(y) is being formed. Locally, it seems that the formation of the second zigzag (y) is nearing completion and it is likely that within it a wedge is being develop as a wave c of (y). If this assumption is correct, after the completion of the correction the pair will continue to decline to the level of 0.95 in the third wave.
USD/JPY: Wave analysis and forecast for 22.01 – 29.01:Downtrend continues.
Estimated pivot point is at the level of 118.77.
Our opinion: Sell the pair from correction below the level of 118.77 with the target of 115.00.
Alternative scenario: Breakout and consolidation of the price above the level 118.7742 will enable the pair to continue the rise up to the levels of 119.70 – 120.00.
Analysis: The formation of the wave С of 4 of the senior level continues. The impetus seems to develop in this wave. At the moment, the formation of the third wave iii of C seems to complete, while the local correction as the fourth wave iv of C is developing. If this assumption is correct, after its completion the pair will continue to decline to 115.00 in the fifth wave.
USD/СAD: Wave analysis and forecast for 22.01 – 29.01: The decline in the pair as part of the correction is expected.
Estimated pivot point is at the level of 1.4683.
Our opinion: Sell the pair from correction below the level of 1.4683 with the target of 1.38. In case of breakdown of the level of 1.4683, buy with the target of 1.49.
Alternative scenario: Breakout and consolidation of the price above the level of 1.4683 will enable the pair to continue the rise up to the level of 1.49.
Analysis: The formation of the upward momentum in the fifth wave of the senior level 5 of (3) has completed. Locally, it is likely that the “bearish” correction is being developed, within which the one-two impetus seems to develop in the wave (a). If this assumption is correct and the price does not break down the critical level of 1.4683, the pair can continue to decline to 1.38.
