EUR / USD Forex Wave analysis and forecast for 03.09 - 07.10.2016: . The probability of decrease in pair saved
Estimated pivot point is at 1.1250.
Our opinion : Sell the pair from correction below 1.1250 with the aim of 1.1014.
Alternative scenario : A break and consolidation above prices level of 1.1250 will allow the pair to continue to grow to the level of 1.1427.
Analysis of the euro : Presumably, formation of wave c of 2 senior. Locally, apparently, there is a development of the third wave (iii), under which started the development of the third junior iii of (iii). If the assumption is true, then the pair will continue to decline to around 1.1014. Critical to this scenario is the level of 1.1250.
GBP / USD wave analysis and forecast of the dollar the pound for the week 03.10 - 10.07.2016 :. Downtrend in force
Estimated pivot point is at 1.3057. Our opinion : Sell the pair from correction below 1.3057 with a view to 1.2 8.Alternative scenario : A break and fixing prices above the level of 1.3057 will allow the pair to continue to grow to marks of 1.32 - 1.34. Analysis : Presumably, formation of the third wave of three senior level. Locally, apparently growing bearish momentum, in which the correction was completed development as a fourth wave (iv) and started the fifth wave (v). If the assumption is true, then the pair will continue to decline to around 1.28.Critical to this scenario is the level of 1.3057.
USD / CHF wave analysis of the dollar and the franc forecast for the week 03.09 - 07.10.2016 : expected growth of the pair.
Estimated pivot point is at 0.9533. Our view : Buy the pair at the sample level and above 0.9735 with the aim of 0.9880 - 0.9960. Alternative scenario : Samples and price fixing below 0.9533 will allow the pair to continue to decline to marks 0.94 - 0.93. Analysis : Presumably, formation of an upward correction in the second wave ii senior level, within which is formed by the final wave (c) of ii. Locally, apparently completed the development of a downward correction as wave ii of (c) junior level, and if the assumption is true, after its end it is logical to expect continuation of growth of pair to marks 0.9880 - 0.9960. Critical to this scenario is the level of 0.9533.
USD / JPY wave analysis and forecast of the dollar, the yen for the week 03.10 - 10.07.2016 :. Downtrend in force
Estimated pivot point is at 101.81. Our opinion : Sell the pair from correction below the level of 101.81 with the purpose of 98.90. Alternative scenario : A break and fixing prices above the level of 101.81 will allow the pair to continue to grow to the level of 103.26. Analysis : Presumably, development of iii of 5 third wave within a Diagonal triangle. Locally, apparently, there is a formation of a wave (c) of iii, within which ended iv correction and started the fifth wave. If the assumption is true, then the pair will continue to decline to around 98.90.Critical to this scenario is the level of 101.81.
USD / CAD wave analysis and forecast at 03.10 - 07.10 : The probability of decrease in pair saved.
Estimated pivot point is at 1.3274. Our opinion : Sell the pair from correction below 1.3274 with the aim of 1.2980 - 1.2757. Alternative scenario : A break and consolidation of prices above the level 1.3274 will allow the pair to continue to grow to the level of 1.3320. Analysis : Presumably, formation of long-term correction as a wave in the senior level, which took the form of a triple Three WXYXZ. Locally, apparently formed Zachodni wave of junior level. If the assumption is true, it is logical to expect decrease in pair to the level of 1.2757 and below.Critical to this scenario is the level of 1.3274.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
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