Wave analysis of the EUR USD and FX EUR / USD forecast for the week 05.06 - 06.09.2017: The uptrend in EUR / USD strength.
Estimated pivot point is at 1.1161.
Analysis EUR / USD : In the four hour time frame, presumably, development of senior level third wave 3. At this point, apparently, formed upward momentum in the third wave of junior level iii of 3, in which the wave (v develops ). If the assumption is true, then the pair will continue to grow to the marks of 1.1300 - 1.1350. Critical for this scenario could be the level of 1.1161.
Alternative scenario : A break and consolidation rates EUR / USD below 1.1161 will allow the pair to continue to decline marks 1.1100 - 1.1050.
Our view : Buy EUR / USD pair from correction above 1.1161 level with the aim of 1.1300 - 1.1350.
Wave Analysis Forex pair pound dollar and forecast GBP / USD on the week 05.06 - 06.09.2017 : The probability of devaluation of the GBP / USD is maintained.
Estimated pivot point is at 1.3038.
Analysis GBP / USD : Presumably, formation of the ascending pulse wave within c of 4 senior level. At present, most likely, formation of the fifth wave 5, in which the first lead-in wave (i) and develops upward correction (ii) is presumably generated. If the assumption is true, after the correction of the price decline will continue to marks 1.2683 - 1.2570. Critical to this scenario is the level of 1.3038.
Alternative scenario : A break and consolidation of GBP / USD above the 1.3038 will allow the pair to continue to grow to marks 1.3100 - 1.3150.
Our opinion : Selling a pair GBP / USD on corrections below the level of 1.3038 with the aim of 1.2683 - 1.2570. In the case of the breakdown level of 1.3038 to buy for the purpose of 1.3100 - 1.3150.
Forex. Wave analysis and forecast of the dollar franc USD / CHF for the week 05.06 - 06.09.2017 : Bearish USD / CHF pair in force.
Estimated pivot point is at 0.9760.
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 it appears, continuing development of the downward momentum as the third wave iii of junior level 3, under which the wave (v) of iii. If the assumption is true, then the pair will continue to decline in the level of 0.9608. Critical for this scenario could be the level of 0.9760.
Alternative scenario : A break and consolidation of USD / CHF above the level of 0.9760 will allow the pair USD / CHF continue to grow to marks 0.9847 - 0.9895.
Our opinion : Sell pair USD / CHF from correction below 0.9760 with the aim of 0.9608. In the case of the breakdown level of 0.9760 to buy for the purpose of 0.9847 - 0.9895.
Wave Analysis Forex pair USD JPY and forecast USD / JPY for the week 05.06 - 09.06 : The probability of decline USD / JPY quotes saved.
Estimated pivot point is at 112.12.
Analysis USD / JPY : Presumably, formation of a descending correction as ii wave within the wave C senior level. Locally, apparently goes wave development (c), in which a rising correction is completed junior level ii of (c). If the assumption is true, it is logical to expect continuation of decrease in pair to the level of 109.50. Critical to this scenario is the level of 112.12.
Alternative scenario : A break and consolidation of USD / JPY above the level of 112.12 will allow the pair to continue to grow to the level of 112.80.
Our opinion : Sell USD / JPY pair from correction below the level of 112.12 with the aim of 109.50.
Wave analysis of the USD / CAD and forex forecast for the week 05.06 - 09.06 : The probability of USD / CAD quotes growth is maintained.
Estimated pivot point is at 1.3432.
Analysis USD / the product range CAD : As part of the four-hour time frame, presumably, development of the upward trend within the wave of B to the senior level. Locally, apparently completed development downward correction as the fourth wave (iv) and a wave formed by the first filar junior level i of (v). If the assumption is true, it is logical to expect continuation of growth of pair marks to 1.3650 - 1.3800. Critical to this scenario is the level of 1.3432, the breakdown of which the price will continue to decline marks 1.3300 - 1.3220.
Alternative scenario : A break and consolidation of course pair USD / CAD below 1.3432 will allow sellers USD / CAD continue to decline to around 1.3300 - 1.3220.
Our view : Buy the pair USD / CAD from the correction above 1.3432 level with the aim of 1.3650 - 1.3800. In the case of the breakdown level of 1.3432 to sell for the purpose of 1.3300 - 1.3220.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
