Wave analysis of the euro, the dollar and the forecast EUR / USD on the week 08.05 - 12.05.2017 Traders - Euro uptrend remains in place.
Estimated pivot point is at 1.0870.
Analysis EUR / USD : The graph four hour time frame, presumably, formation of the upward trend in which developing third wave of senior iii of 3. At the moment, appear to junior level (iii) the third wave of development began in whereby filar pulse i of (iii) is formed. If the assumption is true, after the local correction ii of (iii) is logical to expect continued growth of the pair to around 1.1165 and higher. Critical for this scenario could be the level of 1.0870, the breakdown of which the price will continue to decline marks 1.0760 - 1.0715 in the framework of a deeper correction.
Alternative scenario : A break and consolidation rate EUR / USD below 1.0870 will allow the pair EUR / USD to continue to fall to 1.0760 marks - 1.0715.
Our view : Buy EUR / USD on corrections above the level of 1.0870 with the aim of 1.1165.
Wave analysis of gbp usd forex forecast and GBP / USD on the week 08.05 - 05.12.2017 Traders should wait for the pound continued growth
Estimated pivot point is at 1.2827.
Analysis GBP / USD : Presumably, formation of ascending correction senior level as the fourth wave 4 in which develops wave c of 4. The locally appear, begins the formation of the final fifth wave (v) of c of 4. And if the assumption true, the pair will continue to rise marks 1.3050 - 1.3150. Critical to this scenario is the level of 1.2827.
Alternative scenario : A break and consolidation sterling quotations below 1.2827 will allow the pair GBP / USD continue to decline marks 1.2770 - 1.2700.
Our view : Buy the pair GBP / USD on corrections above the level of 1.2827 with the aim of 1.3050 - 1.3150.
Wave analysis usd chf forex forecast and USD / CHF for the week 08.05 - 12.05.2017 : Players on the USD / CHF is waiting for the downward trend.
Estimated pivot point is at 0.9954.
Analysis of USD / CHF : In the four hour time frame, presumably, formation of a falling wedge in which frameworks the fifth wave. Locally, apparently develops third wave junior level (iii) of v in the form of a pulse. If the assumption is true, then the pair will continue to decline in the level of 0.9809. Critical to this scenario is the level of 0.9954.
Alternative scenario : A break and consolidation of the dollar exchange rate above the level of 0.9954 franc allow USD / CHF continue to rise to the level of 1.0029.
Our opinion : Sell USD / CHF from correction below 0.9954 with the aim of 0.9809 - 0.9750.
Forex Wave analysis and forecast of the dollar, the yen USD / JPY for the week 08.05 - 12.05.2017: Reducing the USD / JPY.
Estimated pivot point is at 113.03.
Analysis USD / JPY : Presumably, formation of the ascending pulse as a first filar wave junior level (i) within the wave C senior level. Locally appear, it began to develop a downward correction in a wave (ii). If the assumption is true, then the pair will continue to decline marks 111.15 - 110.60. Critical to this scenario is the level of 113.03.
Alternative scenario : A break and consolidation rate USD / JPY below 113.03 will allow the pair USD / JPY to continue to grow to marks 114.00 - 114.50.
Our opinion : Sell USD / JPY pair from correction below the level of 113.03 with the aim of 111.15 - 110.60.
Forex Wave analysis and forecast of USD / CAD for the week 08.05 - 05.12.2017: The upward trend USD / CAD is saved.
Estimated pivot point is at 1.3679.
Analysis USD / CAD : Expected development wave continues with of B, whereby the third wave is formed (iii) in the form of a pulse. Locally, apparently goes development wave iii of (iii) a junior level. If the assumption is true, then the pair will continue to grow to the level of 1.3900. Critical for this scenario could be the level of 1.3679, the breakdown of which the price will continue to decline marks 1.3500 - 1.3400.
Alternative scenario : A break and consolidation of price USD / CAD below 1.3679 will allow the pair USD / CAD continue to decline marks 1.3500 - 1.3400.
Our view : Buy the pair USD / CAD from the correction above 1.3679 level with the aim of 1.3900. In the case of the breakdown level of 1.3679 to sell for the purpose of 1.3500 - 1.3400.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
