Wave analysis and forex forecast the euro dollar (EUR / USD) a week 03.07 - 07.07 : Bullish EUR / USD pair stands. The development of a downward correction is expected EUR / USD.
Estimated pivot point is at 1.1117.
Analysis EUR / USD: Within four hour time frame, presumably development upward trend continues as the third wave senior level 3. At this point, apparently, there is a formation of the fifth wave v of 3, within which is formed as an upward momentum wave (i) of v. If the assumption is true, then the short term correction is logical to expect reduction pair to marks 1.1283 - 1.1245, and upon completion of the correction (ii) continued growth. Critical to this scenario is the level of 1.1117.
Our opinion : Short-term sell the pair below 1.1450 with the aim of 1.1283 - 1.1245. Medium-term - expected completion of correction (ii) and to buy the pair with the aim of 1.1550 - 1.1650.
Alternative scenario : A break and consolidation rates EUR / USD below 1.1117 will allow the pair EUR / USD to continue to fall to around 1.0910.
Wave analysis and forecast Forex Pound Dollar (GBP / USD) at 03.07 - 07.07 : Bullish pair GBP / USD in force.
Estimated pivot point is at 1.2906.
Analysis GBP / USD : In the four hour time frame, presumably, formation of the fifth wave 5 senior level. At this point, apparently develops upward momentum as the wave i of 5. If the assumption is true, then a pair of growth continues to around 1.3150. Critical for this scenario could be the level of 1.2906.
Alternative scenario : A break and consolidation of price GBP / USD below 1.2906 will allow the pair GBP / USD continue to decline to around 1.2704.
Our view : Buy the pair GBP / USD on corrections above the level of 1.2906 with the aim of 1.3150. In the case of breakdown of 1.2906 level with the aim to sell 1.2704.
Wave analysis and forex forecast Dollar Franc (USD / CHF) for the week 03.07 - 07.07 : Bearish USD / CHF pair is maintained.
Estimated pivot point is at 0.9675.
Analysis of USD / CHF : In the four hour time frame, presumably, formation of the downward trend in the third wave of three senior level. Locally appear, wave formation v of 3, whereby the third wave develops junior level (iii). If the assumption is true, then the pair will continue to decline marks 0.9500 - 0.9400. Critical to this scenario is the level of 0.9675.
Alternative scenario : A break and consolidation of price USD / CHF above the level of 0.9675 will allow the pair USD / CHF continue to rise to the level of 0.9770.
Our opinion : Sell pair USD / CHF from correction below 0.9675 with the aim of 0.9500 - 0.9400. In the case of breakdown of 0.9675 level with a view to buying 0.9770.
Wave analysis of the forex market and forex forecast the dollar, the yen (USD / JPY) for the week 03.07 - 07.07 : The probability of USD / JPY pair of growth is maintained.
Estimated pivot point is at 110.90.
Analysis USD / JPY: Presumably, formation of the third wave iii within wave C senior level. Locally, apparently develops third wave junior level (iii), in which correction is completed ii of (iii). If the assumption is true, then the pair will continue to grow to the level of 114.36. Critical to this scenario is the level of 110.90.
Alternative scenario: A break and consolidation of price USD / JPY below 110.90 will allow the pair USD / JPY to continue to decline marks 109.90 - 108.80.
Our view: Buy USD / JPY pair of correction higher than 110.90 with a view to 114.36. In the case of the breakdown level of 110.90 with the aim to sell 109.90.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
