EUR/USD: Wave analysis and forecast for 29.04 – 06.05: Uptrend continues.
Estimated pivot point is at the level of 1.1269.
Our opinion: Buy the pair from correction above the level of 1.169 with the target of 1.16 – 1.17.
Alternative scenario: Breakout and consolidation of the price below the level of 1.1269 will allow the pair to continue to decline to 1.1130 – 1.1040.
Analysis: Presumably, the formation of the correction as the wave (ii) of iii has completed. At the moment it seems that the third wave (iii) is being developed. If this assumption is correct, the pair will continue to rise up to 1.16 – 1.17. Critical level for this scenario is 1.1269. If this level is broken down, the pair will continue to decline to 1.1130.
GBP/USD: Wave analysis and forecast for 29.04 – 06.05: The pair continues to grow.
Estimated pivot point is at the level of 1.4513.
Our opinion: Buy the pair from correction above the level of 1.4513 with the target of 1.4724 - 1.4800. In case of breakdown of the level of 1.4513 and consolidation of the price below this level, sell with the target of 1.4044.
Alternative scenario: Breakout and consolidation of the price below the level of 1.4513 will enable the pair to continue decline to the level of 1.4044.
Analysis: Presumably, the formation of the upward correction as the fourth wave of the senior level continues. Locally, it seems that the wave с of 4 is being developed, within which an impetus is being formed and the final fifth wave. If this assumption is correct, the pair will continue to rise up to 1.4724 – 1.48.
USD/CHF: Wave analysis and forecast for 29.04 – 06.05: The pair is likely to decline.
Estimated pivot point is at the level of 0.9800.
Our opinion: Buy the pair from correction below the level of 0.9580 with the target of 0.94 – 0.93 or lower.
Alternative scenario: Breakout and consolidation of the price above the level of 0.9800 will allow the pair to continue the rise to 0.99 – 1.00.
Analysis: Presumably, the formation of the upward correction has completed as the second wave ii, which took a shape of the zigzag. Currently, it seems that the third wave iii is being developed. If this assumption is correct the pair will continue to decline in the medium-term downtrend. Critical level for this scenario is 0.9800.
USD/JPY: Wave analysis and forecast for 29.04 – 06.05: The decline in the pair continues.
Estimated pivot point is at the level of 108.70.
Our opinion: Sell the pair from correction below the level of 108.70 with the target of 106.00 – 105.00.
Alternative scenario: Breakout and consolidation of the price above the level of 108.70 will trigger the rise in the pair up to the levels of 110.70 – 112.00.
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 is being developed (v) of iii, within which an impetus as the fifth wave of the junior level v of (v) is being formed. If this assumption is correct, the pair may continue to decline to 106.00 – 105.00. Critical level for this scenario is 108.70.
USD/CAD: Wave analysis and forecast for 29.04 – 06.05: Downtrend continues.
Estimated pivot point is at the level of 1.2754.
Our opinion: Sell the pair from correction below the level of 1.2754 with the target of 1.2250 – 1.22.
Alternative scenario: Breakdown and consolidation of the price above the level of 1.2754 will enable the pair to continue the rise up to 1.2990 – 1.3220.
Analysis: Presumably, the formation of the downward impetus continues in the wave A. At the moment it seems that the fifth wave is being developed (v) of v of A. If this assumption is correct, and the price does not break out the critical level of 1.2754, the price may decline to 1.2250 – 1.22.
EUR/USD: Wave analysis and forecast for 22.04 – 29.04: The pair is undergoing correction.
Estimated pivot point is at the level of 1.1397.
Our opinion: In the short-term: sell the pair below the level of 1.1397 with the target of 1.1130. In the medium-term: wait for the completion of the correction and buy in case of the confirming signals. After breakout of the level of 1.1397, sell with the target of 1.15 – 1.16.
Alternative scenario: Breakout and consolidation of the price above the level of 1.1397 will allow the pair to continue the rise up to 1.15 – 1.16.
Analysis: Presumably, the formation of the third wave 3 of the senior level continues, in which the extension is likely to be formed. At the moment, it seems that the wave (i) of iii of 3 has completed and the correction as the wave (ii) is being formed. If this assumption is correct, after the completion of the correction the pair will continue to rise to 1.16 and above. Critical level for this scenario is 1.1397. In case of breakout of this level the pair will continue to rise.
GBP/USD: Wave analysis and forecast for 22.04 – 29.04: The pair is likely to decline.
Estimated pivot point is at the level of 1.4440.
Our opinion: Sell the pair from correction below the level of 1.4440 with the target of 1.4070 – 1.3820.
Alternative scenario: Breakout and consolidation of the price above the level of 1.4440 will enable the pair to continue the rise up to the level of 1.46 – 1.47.
Analysis: Presumably, the formation of the upward correction as the fourth wave of the senior level has completed. Locally, it seems that the wedge has been formed, which supposedly is the wave с of 4. If this assumption is correct, the pair may decline to 1.4074 – 1.3820. Critical level for this scenario is 1.4440. Breakout of this level will trigger the rise in the pair up to 1.46 – 1.47.
USD/CHF: Wave analysis and forecast for 22.04 – 29.04: The pair is likely to grow within correction.
Estimated pivot point is at the level of 0.9580.
Our opinion: Buy the pair from correction above the level of 0.9580 with the target of 0.98 – 1.00.
Alternative scenario: Breakout and consolidation of the price below the level of 0.9580 will allow the pair to continue decline to 0.95 – 0.94.
Analysis: Presumably, the formation of the wedge, as the first wave i of C on the daily time-frame, has completed. At the moment upward correction as the wave ii of C is developing, within which the wedge as the wave (a) is being formed. If this assumption is correct, the pair will continue to rise up to 0.98 – 1.0. Critical level for this scenario is 0.9580.
USD/JPY: Wave analysis and forecast for 22.04 – 29.04: The pair is likely to grow.
Estimated pivot point is at the level of 107.80.
Our opinion: Buy the pair from correction above the level of 107.80 with the target of 114.00.
Alternative scenario: Breakout and consolidation of the price below the level of 107.80 will trigger the decline in the pair to the levels of 106.60 – 106.00.
Analysis: Presumably, the formation of the downward impetus has completed in the third wave of the senior level. At the moment it is likely that upward correction of the senior level is being formed as the fourth wave. Supposedly within this wave the first wave of the junior level (a) of iv is being formed. If this assumption is correct, the pair may rise up to 114.00. Ctitical level for this scenario is 107.80.
USD/CAD: Wave analysis and forecast for 22.04 – 29.04: The pair is likely to rise.
Estimated pivot point is at the level of 1.2590.
Our opinion: Buy the pair from correction above the level of 1.2590 with the target of 1.2990 – 1.32.
Alternative scenario: Breakdown and consolidation of the price below the level of1.2590 will enable the pair to continue the decline to 1.25 – 1.24.
Analysis: Presumably, the formation of the downward impetus has completed in the wave A. At the moment it seems that the pair is going to reverse and undergo correction. If this assumption is correct, and the price does not break out the critical level of 1.2590, the pair will continue to rise up to 1.2990 – 1.32.
