Wave analysis of the euro, the dollar and forex forecast for the week 30.01 - 03.02 : expected decrease in pair EUR / USD.
Estimated pivot point is at 1.0770.
Our opinion: Sell EUR / USD pair from correction below 1.0770 with the aim of 1.0450 - 1.0350.
Alternative scenario: A break and consolidation above the price level of 1.0770 will allow the pair EUR / USD to continue to grow to marks 1.0800 - 1.0856.
Analysis : Presumably, formation of an upward correction in the fourth wave 4 senior level, which took the form of an irregular plane. Locally, apparently formed filar downward momentum as the first wave of junior level (i), and if the assumption is true, it is logical to expect decrease in pair to marks 1.0450 - 1.0350. Critical to this scenario is the level of 1.0770.
Wave analysis and forecast rate GBP / USD on the week 30.01 - 03.02.2017 : expected decrease in pair GBP / USD.
Estimated pivot point is at 1.2667.
Our opinion : Selling a pair GBP / USD correction from below the level of 1.2667 with the aim of 1.2248 - 1.1984.
Alternative scenario : A break and consolidation above the price level of 1.2667 will allow the pair GBP / USD continue to rise to marks 1.28 - 1.29.
Analysis GBP / USD : Presumably, formation of the fifth wave 5 senior level. Locally, apparently, it formed the first wave in the form of a wedge i of 5 and completed the development of an upward correction in wave ii of 5 in which frameworks the Zigzag (a) (b) (c). If the assumption is true, it is logical to expect decrease in pair to 1.2248 marks - 1.
Forex Wave analysis and forecast exchange rate USD / CHF for the week 30.01 - 02.03.2017 : expected growth of the pair USD / CHF.
Estimated pivot point is at 0.9960.
Our view: Buy the pair USD / CHF on the correction above 0.9960 level with the aim of 1.0200 - 1.0320.
Alternative scenario: A break and consolidation below the price level of 0.9960 will allow the pair USD / CHF continue to decline to around 0.9850.
Analysis of USD / CHF: Presumably, formation of a downward correction as a wave 2, which currently has a zigzag shape with a diagonal in wave c of 2. Locally, apparently, completed the formation of the fifth wave (v) of c, and if the assumption truly it is logical to expect the resumption of growth of the pair to 1.0200 marks - 1.0320.
Wave analysis of the USD / JPY and forex forecast for the week 30.01 - 03.02.2017 : Bearish USD / JPY pair in force.
Estimated pivot point is at 116.21.
Our opinion : Sell USD / JPY pair from correction below the level of 116.21 with the aim of 112.45 - 111.58.
Alternative scenario : A break and consolidation above the price level of 116.21 will allow the pair USD / JPY to continue to grow to the level of 118.42.
Analysis USD / JPY The : Presumably, the wave formation (C), in which the first wave is formed. Locally, apparently formed as an upward correction wave ii, whereby the wave (s) developed. If the assumption is true, after the correction is logical to expect decrease in pair to marks 112.45 - 111.58.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
