EUR/USD: Wave analysis and forecast for 01.04 – 08.04: The pair continues to rise.
Estimated pivot point is at the level of 1.1140.
Our opinion: Buy the pair from correction above the level of 1.1140 with the target of 1.16 – 1.1750.
Alternative scenario: Breakout and consolidation of the price below the level of 1.1140 will allow the pair to continue to decline to 1.1050 – 1.0820.
Analysis: Presumably, the formation of the third wave 3 of the senior level continues, in which the extension may be formed. At the moment, it is likely that the third wave iii of 3 is being formed, in which an impetus may be formed. If this assumption is correct, in the medium-term the pair can rise up to 1.16 – 1.1750. Critical level for this scenario is 1.1140. Breakout of this level may trigger decline in the pair to 1.1050 – 1.0820.
GBP/USD: Wave analysis and forecast for 01.04 – 08.04: The pair is likely to decline.
Estimated pivot point is at the level of 1.4460.
Our opinion: Sell the pair from correction below the level of 1.4460 with the target of 1.36 – 1.34.
Alternative scenario: Breakout and consolidation of the price above the level of 1.4460 will enable the pair to continue the rise up to the level of 1.47.
Analysis: Presumably, the formation of the fifth wave of the senior level continues. Locally, it is likely that the one-two impetus as the first wave i of 5 has developed, and upward correction ii of 5 has completed. If this assumption is correct, the pair may decline to 1.36 – 1.34. Critical level for this scenario is 1.4460.
USD/CHF: Wave analysis and forecast for 01.04 – 08.04:Downtrend continues. Upward correction is possible.
Estimated pivot point is at the level of 0.9660.
Our opinion: In the short-term: buy the pair above the level of 0.9660 with the target of 0.9850. In the medium-term: wait for the completion of the correction and sell the pair with the target of 0.94 – 0.9245.
Alternative scenario: The pair will continue to decline to the levels of 0.95 – 0.94.
Analysis: Presumably, the formation of the downward impetus continues in the third wave iii of C. At the moment it is likely that the third wave of the junior level (iii) of iii is being developed within which the first wave i of (iii) seems to finish and upward correction as the wave ii of (iii) is likely to develop. If this assumption is correct, the pair can rise up to 0.9850. After the completion of the correction the pair may decline to the levels of 0.94 – 0.9245.
USD/JPY: Wave analysis and forecast for 01.04 – 08.04:Downtrend dominates.
Estimated pivot point is at the level of 113.84.
Our opinion: Sell the pair from correction below the level of 113.84 with the targets of 107.00 – 106.60.
Alternative scenario: Breakout and consolidation of the price above the level of 113.84 will trigger rise up to the level of 116.00.
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 fifth wave (v) of iii is being formed, within which one-two wave of the junior level i of (v) has been formed and the correction ii of (v) has completed. If this assumption is correct, the pair will continue to decline to 106.60. Critical level for this scenario is 113.84.
USD/СAD: Wave analysis and forecast for 01.04 – 08.04: The pair is likely to grow as part of the correction.
Estimated pivot point is at the level of 1.2850.
Our opinion: Buy the pair from correction above the level of 1.2850 with the target of 1.3290 – 1.37.
Alternative scenario: Breakdown and consolidation of the price below the level of 1.2850 will enable the pair to continue decline to 1.2658 – 1.26.
Analysis: Presumably, the formation of the downward impetus has completed in the wave A. At the moment, it is likely that the “bearish” impetus of the junior level has completed in the fifth wave v of A and the pair is reversing towards correction. If this assumption is correct and the price does not break down the critical level of 1.2850, the pair can rise up to 1.3290 – 1.37.
EUR/USD: Wave analysis and forecast for 25.03 – 01.04: The pair is undergoing correction.
Estimated pivot point is at the level of 1.1340.
Our opinion: Sell the pair from correction below the level of 1.1340 with the target of 1.1050 – 1.0820. In case of breakout of the level of 1.1340 buy with the target of 1.15 – 1.16.
Alternative scenario: Breakout and consolidation of the price above the level of 1.1340 will allow the pair to continue the rise up to 1.15 – 1.16.
Analysis: Presumably, the formation of the fifth wave (v) of i of 3 has completed. Locally it is likely that the correction has begun as the wave ii of 3, within which the first wave (a) of ii os being developed. If this assumption is correct, the pair may continue to decline to 1.1050 – 1.0820. Critical level for this scenario is 1.1340. Breakdown of this level will trigger the rise in the pair to 1.15 – 1.16.
GBP/USD: Wave analysis and forecast for 25.03 – 01.04:Downtrend has resumed.
Estimated pivot point is at the level of 1.4507.
Our opinion: Sell the pair from correction below the level of 1.4507 with the target of 1.36 – 1.34.
Alternative scenario: Breakout and consolidation of the price above the level of 1.4507 will enable the pair to continue the rise up to the level of 1.47.
Analysis: Presumably, the formation of the upward correction as the fourth wave 4 of the senior level, which took the shape of a zigzag, has completed. Locally it seems that the first one-two wave as an impetus (i) has developed. If this assumption is correct after the completion of the correction the pair may decline to the levels of 1.36 – 1.34. Critical level for this scenario is 1.4507.
USD/CHF: Wave analysis and forecast for 25.03 – 01.04: The pair is likely to decline.
Estimated pivot point is at the level of 0.9912.
Our opinion: Sell the pair from correction below the level of 0.9912 with the target of 0.95 – 0.9470.
Alternative scenario: Breakout and consolidation of the price above the level of 0.9912 will allow the pair to continue the rise up to the level of 1.0130 - 1.02.
Analysis: Presumably, the formation of the downward impetus continues in the third wave iii of C. At the moment it is likely that the third wave of the junior level (iii) of iii is being developed, within which local correction as the fourth wave of the junior level iv of (iii) is nearing completion. If this assumption is correct, after the completion of the correction the pair will continue to decline to 0.95. Critical level for this scenario is 0.9912.
USD/JPY: Wave analysis and forecast for 25.03 – 01.04:Correction is nearing completion. The pair is likely to decline.
Estimated pivot point is at the level of 113.84.
Our opinion: Sell the pair from correction below the level of 113.84 with the targets of 107.00 – 106.60.
Alternative scenario: Breakout and consolidation of the price above the level of 113.84 will trigger rise up to the level of 116.00.
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 as the fourth wave (iv) of iii, which has taken a shape of a triangle, has completed. The fifth wave (v) of iii, is being developed, within which one-two wave of the junior level i of (v) has been formed. If this assumption is correct, in the near future the pair will continue to decline 106.60. Critical level for this scenario is 113.84.
USD/СAD: Wave analysis and forecast for 25.03 – 01.04: The pair is likely to grow.
Estimated pivot point is at the level of 1.2914.
Our opinion: Buy the pair from correction above the level of 1.2914 with the target of 1.38.
Alternative scenario: Breakdown and consolidation of the price below the level of 1.2914 will enable the pair to continue decline to 1.2658.
Analysis: Presumably, the formation of the downward impetus has completed in the wave A. At the moment, it is likely that the upward correction is being developed as the wave B, within which the first wave a of B as an impetus is being developed. If this assumption is correct, in the short-term the pair will continue to rise to 1.38 – 1.40. Critical level for this scenario is 1.2914.
