Wave forex forecast for the week 28.11 - 02.12.2016: EUR / USD - forward growth!
Estimated pivot point is at 1.0511.
Our view : Buy a pair of correction above 1.0511 level with the aim of 1.0693 - 1.0812. In case of breakdown of 1.0511 level, with the aim to sell the 1.04 - 1.0343.
Alternative scenario : A break and consolidation below the price level of 1.0511 will allow the pair to continue to decline to marks 1.04 - 1.0343.
Analysis EUR / USD : As part of the daily time frame, most likely, a long-term downward trend of pair will proceed. At the moment, there is a suspected senior-level development of the fifth wave (5), in which finished third wave of junior level iii of (5). Locally, presumably, begins the formation of the ascending correction iv of (5), and if the assumption is true, it is logical to expect the pair to levels of 1.0693 - 1.0812. Critical to this scenario is the level of 1.0511.
GBP / USD wave analysis and forecast at 28.11 - 02.12 :. It is expected the pair
Estimated pivot point is at 1.2311.
Our view : Buy a pair of correction above 1.2311 level with the aim of 1.2680 - 1.2763. In case of breakdown of 1.2311 level, with the aim to sell 1.2077.
Alternative scenario : A break and consolidation below the price level of 1.2311 will allow the pair to continue to decline to around 1.2077. Analysis GBP / USD : Presumably, formation Ascending priate correction in wave 4 as the fourth senior level. At the moment, apparently completed correction as wave b of 4 and formed filar momentum within wave c of 4. If the assumption is true, then the pair will continue to rise marks 1.2680 - 1.2763. Critical to this scenario is the level of 1.2311.
USD / CHF wave analysis and forecast at 28.11 - 02.12 :. The uptrend in force
. Estimated pivot point is at 1.0083
Our view .: Buy the pair above the level of 1.0083 with the aim of 1.0238
Alternative scenario : A break and consolidation rates below the level of 1.0083 will allow the pair continue to decrease to the level of 0.9984.
Analysis : Presumably, formation of upward correction senior level as wave 2. Locally, most likely, the development of the upward momentum continues as the wave c of 2 in which completed the third wave, and is formed as a fourth correction wave (iv). If the assumption is true, after its completion the pair will continue to around 1.0238. Critical to this scenario is the level of 1.0083.
USD / JPY wave analysis and forecast at 28.11 - 02.12 :. Are expected to decrease in the correction
Estimated pivot point is at 113.88.
Our opinion : Sell the pair from correction below the level of 113.88 with the aim of 110.18.
Alternative scenario : A break and consolidation of prices above the level of 113.88 It will allow the pair to continue to grow to marks 115.14 - 116.80.
Analysis : Presumably, formation of the ascending correction (B) the senior level. Locally, apparently completed the development of the third wave iii of A and starts a decrease in the correction in the fourth wave. If the assumption is true, then the pair will continue to decline to around 110.18 critical for this scenario is the level of 113.18.
USD / CAD wave analysis and forecast at 28.11 - 02.12 : The probability of the growth is maintained.
Estimated pivot point is at 1.3377.
Our view : Buy a pair of correction above 1.3377 level with the aim of 1.3673. In case of breakdown and fixing prices below the level of 1.3377, sell with the aim of 1.3255.
Alternative scenario : A break and consolidation rates below the level of 1.3377 will allow the pair to continue to decline to around 1.3255.
Analysis USD / the product range CAD : Presumably, formation of long-term correction as a wave in the senior level which has the form of a triple Three wxyxz. Locally, apparently nearing completion development of wave (c) of z, in which is formed the fifth wave of the final diagonal triangle. If the assumption is true, it is logical to expect growth of pair level 1.3673 area. Critical to this scenario is the level of 1.3377.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
:
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