Wave analysis and forex forecast EUR / USD on the week 09.01 - 01.13.2016 : The EUR / USD correction.
EUR / USD Estimated pivot point is at 1.0344.
Our view : Buy EUR / USD pair from correction above 1.0344 level with the aim of 1.0734 - 1.0856.
Alternative scenario : A break and consolidation of EUR / USD below 1.0344 will allow the pair to continue to decline to marks 1.03 - 1.02.
Euro Analysis : Presumably, formation of an upward correction in the fourth wave 4 senior level. Locally, apparently, is the development of wave a of 4, in which, the wave (s) in the form of a pulse. If the assumption is true, then the pair will continue to rise marks 1.0734 - 1.0856. Critical to this scenario is the level of 1.0344.
Wave analysis of the GBP / USD and forex forecast at 09.01 - 13.01 : The pair GBP / USD correction.
Estimated pivot point is at 1.2266.
Our view : Buy the pair GBP / USD on corrections above the level of 1.2266 with the aim of 1.2470 - 1.2526. In case of breakdown of 1.2266 level, with the aim to sell the 1.21 - 1.20 and below.
Alternative scenario : A break and consolidation rate GBP / USD below 1.2266 will allow the pair to continue to decline to around 1.1885.
Analysis GBP / USD : Presumably, formation of the fifth wave 5 senior level. Locally, apparently formed upward correction as wave ii of 5 and if the assumption is true, in the short term, it is logical to expect continuation of growth of pair to marks 1.2470 - 1.2526.
Wave analysis and forex forecast the USD / CHF 09.01 - 13.01 : expected growth of the pair USD / CHF.
Estimated pivot point is at 1.0084.
Our view : Buy USD / CHF on the correction above 1.0084 level with the aim of 1.0329.
Alternative scenario : A break and consolidation quotes USD / CHF below 1.0084 will allow the pair to continue to decline to around 1.0000.
Analysis of USD / CHF : Presumably, the formation of a downward correction as a wave 2, which took the form of an irregular plane. Locally, apparently completed wave c of 2, in which the impulse, and if the assumption is true, it is logical to expect the pair to the 1.0329 mark, at least in the correction. Critical to this scenario is the level of 1.0084.
Wave analysis of the rate USD / JPY and the forecast for the week 09.01 - 13.01 : expected growth of the pair USD / JPY.
Estimated pivot point is at 115.03.
Our view : Buy USD / JPY pair of correction higher than 115.03 with a view to 119.60.
Alternative scenario : A break and consolidation rate USD / JPY below 115.03 will allow the pair to continue to decline marks 114.00 - 113.00.
Analysis USD / JPY The : Presumably, formation of the bullish momentum as wave C of (B) in the framework of upward correction. Locally, apparently resulted in a wave correction iv of C, and the fifth begins forming. If the assumption, truly it is logical to expect continuation of growth of pair to the 119.60 mark. Critical to this scenario is the level of 115.03.
Wave analysis and forex forecast USD / CAD at 09.01 - 13.01 : expected depreciation of the USD / CAD.
Estimated pivot point is at 1.3313.
Our opinion : Sell pair USD / CAD from correction below 1.3313 with the aim of 1.3074.
Alternative scenario : A break and consolidation currency USD / CAD above the level of 1.3313 will allow the pair to continue the rise to 1.3450 marks - 1.36.
Analysis USD / the product range CAD : Presumably, formation of the long-term upward correction as a wave in the senior level. Locally, appear to be formed as a lead-in momentum of the first wave (i) and if the assumption, truly it is logical to expect decrease in pair in the 1.3074 area level. Critical to this scenario may be the level of 1.3313,
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
