EUR/USD: Wave analysis and forecast for 11.03 – 18.03:Uptrend continues.
Estimated pivot point is at the level of 1.0820.
Our opinion: Buy the pair from correction above the level of 1.0820 with the target of 1.15 – 1.16.
Alternative scenario: Breakout and consolidation of the price below the level of 1.0820 will allow the pair to continue decline to 1.07 – 1.06.
Analysis: Presumably, the formation of the fifth wave (v) of I continues. Locally it is likely that the third wave of the junior level iii of (v) has formed as a momentum and correction is being formed as the fourth wave iv. If this assumption is correct, after completion of the correction the pair can go up to 1.1500 in the fifth wave v of (v). Critical level for this scenario is 1.0820.
GBP/USD: Wave analysis and forecast for 11.03 – 18.03: The pair is undergoing correction. The rise in the pair is possible.
Estimated pivot point is at the level of 1.4115.
Our opinion: Sell the pair from correction above the level of 1.4115 with the targets of 1.45 – 1.4690.
Alternative scenario: Breakout and consolidation of the price below the level of 1.4115 will enable the pair to continue decline to the level of 1.3835.
Analysis: Presumably, the formation of the downward impetus has completed in the third wave 3 of the senior level. At the moment it seems that upward correction is being developed as the fourth wave, within which a zigzag abc is being developed. If this assumption is correct, the pair will continue to rise up to 1.45 – 1.46.
USD/CHF: Wave analysis and forecast for 11.03 – 18.03:Downtrend continues.
Estimated pivot point is at the level of 1.0089.
Our opinion: Sell the pair from correction below the level of 1.0089 with the target of 0.95.
Alternative scenario: Breakout and consolidation of the price above the level of 1.0089 will allow the pair to continue the rise up to the level of 1.05.
Analysis: Presumably, the formation of the downward momentum continues in the third wave iii of C. At the moment it is likely that upward correction has completed as the second wave of the junior level (ii) of iii and one-two wave i of (iii) of the junior level is developing. If this assumption is correct, after the completion of the local correction ii, the pair will continue to decline to 0.95 within the third wave (iii). Critical level for this scenario is 1.0089.
USD/JPY: Wave analysis and forecast for 11.03 – 18.03: The pair is likely to decline.
Estimated pivot point is at the level of 114.55.
Our opinion: Sell the pair from correction below the level of 114.55 with the targets of 108.00 – 107.00.
Alternative scenario: Breakout and consolidation of the price above the level of 114.55 allow the pair to continue the rise up to the levels of 120.00 – 122.00.
Analysis: Presumably the formation of the downward impetus continues in the third wave of the senior level. At the moment it is likely that the upward correction has completed as the fourth wave (iv) of iii, which is likely to take a shape of a double triple wxy and the fifth wave (v) is being developed. If this assumption is correct, the pair will continue to decline to 108.00 – 107.00. Critical level for this scenario is 114.55.
USD/СAD: Wave analysis and forecast for 11.03 – 18.03:Downtrend dominates.
Estimated pivot point is at the level of 1.3450.
Our opinion: Sell the pair from correction below the level of 1.3450 with the targets of 1.3054.
Alternative scenario: Breakdown and consolidation of the price above the level of 1.3450 will enable the pair to continue the rise up to 1.3850 – 1.3950.
Analysis: Presumably, the formation of the downward zigzag continues in the first wave of the large “bearish” correction. Locally, it seems that the wave is being formed from a zigzag as an impetus, within which the fifth wave (v) of c. iii is being formed. If this assumption is true, the pair will continue to decline to 1.3054. Critical level for this scenario is 1.3450.
EUR/USD:Wave analysis and forecast for 26.02 – 04.03 :Uptrend continues.
Estimated pivot point is at the level of 1.0950.
Our opinion: Buy the pair from correction above the level of 1.0950 with the target of 1.15 – 1.16.
Alternative scenario: Breakout and consolidation of the price below the level of 1.0950 will allow the pair to continue decline to 1.06 – 1.05.
Analysis: Presumably, the development of the third wave of the senior level continues. Locally, it seems that the downward correction as the fourth wave (iv) of the junior level has completed. If this assumption is correct, the pair will to rise to 1.1500 – 1.1600 in the fifth wave (v) of iii. Critical level for this scenario is 1.0950. Breakdown of this level will trigger decline in the pair to 1.06 – 1.05.
GBP/USD: Wave analysis and forecast for 26.02 – 04.03:Downtrend continues.
Estimated pivot point is at the level of 1.4213.
Our opinion: Sell the pair from correction below the level of 1.4213 with the targets of 1.3750 – 1.34.
Alternative scenario: Breakout and consolidation of the price above the level of 1.4213 will enable the pair to continue the rise to the levels of 1.4250 – 1.4350.
Analysis: Presumably, “bearish” impetus continues to develop in the third wave of the senior level. At the moment it seems that the fifth wave of the junior is being developed. Within this wave extension of the momentum in the third wave (iii) is being formed. If this assumption is correct, the pair will continue to decline to 1.3950 – 1.3850.
USD/CHF: Wave analysis and forecast for 26.02 – 04.03:Downtrend continues.
Estimated pivot point is at the level of 1.0002.
Our opinion: Sell the pair from correction below the level of 1.0002 with the target of 0.9650 – 0.9470.
Alternative scenario: Breakout and consolidation of the price above the level of 1.0002 will allow the pair to continue the rise up to the level of 1.05.
Analysis: Presumably, the formation of the downward momentum continues in the third wave iii of C. Locally, it is likely that the correction as the second wave of the junior level (ii) of iii has completed. If this assumption is true, the pair can continue to rise up to 0.9650 – 0.9470. Critical level for this scenario is 1.0002.
USD/JPY: Wave analysis and forecast for 26.02 – 04.03: The pair is undergoing correction.
Estimated pivot point is at the level of 111.00.
Our opinion: In the short-term: buy the pair above the level of 111.00 with the target of 114.90. In case of breakdown of the level of 111.00, sell with the target of 106.70.
Alternative scenario: Breakout and consolidation of the price below the level of 111.00 allow the pair to continue decline to the level of 106.70.
Analysis: Presumably the formation of the downward impetus continues in the third wave of the senior level. At the moment it is likely that upward correction is being formed as the fourth wave (iv) of iii, which might take a shape of a plane. If this assumption is correct, in the short-tern the pair can rise up to 114.00 – 114.90.. Critical level for this scenario is 111.00.
USD/СAD: Wave analysis and forecast for 26.02 – 04.03:Downtrend dominates.
Estimated pivot point is at the level of 1.3860.
Our opinion: Sell the pair from correction below the level of 1.3860 with the target of 1.3280 – 1.3054.
Alternative scenario: Breakdown and consolidation of the price above the level of 1.3860 will enable the pair to continue the rise up to 1.40 – 1.41.
Analysis: Presumably, the formation of the double downward zigzag continues in the first wave of the emerging large “bearish” correction. Locally, it seems that the correction as the wave x has completed and momentum in wave (a) of y is developing. If this assumption is correct, the pair can continue to decline to 1.3280 – 1.3054. Critical level for this scenario is 1.3860. Breakdown of this level will trigger the rise in the pair to 1.40 – 1.41.
