Wave analysis and forex forecast EUR / USD on the week 10.07 - 14.07 : Bullish EUR / USD pair stands.
Estimated pivot point is at 1.1313.
Analysis EUR / USD : In the four hour time frame Presumably, development of the upward trend as a third wave of the senior level 3. At this point, apparently, is the formation of the fifth wave v of 3, to (ii) under which the correction is completed and third wave began development junior level (iii). If the assumption is true, then the pair will continue to rise marks 1.1550 - 1.1650. Critical to this scenario is the level of 1.1313.
Alternative scenario: A break and consolidation of the euro below 1.1313 will allow the pair EUR / USD to continue to fall to around 1.1245.
Our view: Buy EUR / USD on corrections above the level of 1.1313 with the aim of 1.1550 - 1.1650.
Forex Wave analysis and forecast of the pair gbp usd GBP / USD on the week 10.07 - 14.07.2017 : expected decrease in quotations pair GBP / USD.
Estimated pivot point is at 1.3026.
Analysis GBP / USD : In the four hour time frame Presumably, formation of the fifth wave 5 senior level. At this point, apparently formed upward momentum as the wave i of 5, and develops a downward correction ii of 5, in which the pair is expected to decrease to around 1.2806. Critical to this scenario is the level of 1.3026.
Alternative scenario : A break and consolidation of the pound dollar above the level of 1.3026 will allow GBP / USD continue to rise to marks 1.3150 - 1.3350.
Our opinion : Selling a pair GBP / USD on corrections below the level of 1.3026 with the aim of 1.2806. In the case of the breakdown level of 1.3026 to buy GBP / USD with the aim of 1.3150 - 1.3350.
Wave Forex Forecast USD / CHF for the week 10.07 - 07.14.2017: The downtrend of USD / CHFv force.
Estimated pivot point is at 0.9688.
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, in which the correction completed junior level (ii) and if the assumption is true, then the reduction will continue to marks pair 0.9500 - 0.9400. Critical to this scenario is the level of 0.9688 ..
Alternative scenario : A break and consolidation of USD / CHF above 0.9688 level will allow the pair usd chf to continue to grow to the level of 0.9760.
Our opinion : Sell USD / CHF from correction below 0.9688 with the aim of 0.9500 - 0.9400. In the case of breakdown of 0.9688 level with a view to buying 0.9760.
Wave analysis and forex forecast USD / JPYna week 10.07 - 07.14.2017 : Investors on the USD / JPY is worth waiting for growth.
Estimated pivot point is at 112.76.
Analysis USD / JPY : Presumably, formation of the third wave iii within wave C senior level. Locally it appears, there is a development of the third wave junior level (iii), in which is possible to form an elongation wave structure. If the assumption, truly it is logical to expect continuation of growth of pair marks to 115.00 - 116.00. Critical to this scenario is the level of 112.76.
Alternative scenario : A break and consolidation of USD / JPY below 112.76 will allow the quotation USD / JPY to continue to decline to around 110.90.
Our view : Buy USD / JPY on correction higher level of 112.76 with the aim of 115.00 - 116.00. In the case of the breakdown level of 112.76 with the aim to sell 110.90.
Wave analysis of the USD / CAD and forex forecast for the week 10.07 - 14.07.2017 : Bearish USD / CAD continues.
Estimated pivot point is at 1.3154.
Analysis USD / CAD : Within four hour time frame expected, development of a downward momentum as the first wave i of C. Locally, apparently formed by a third wave junior level (iii) began development of ascending correction as a wave (iv) . If this assumption is correct, then after the correction reduction pair proceeds to around 1.2800. Critical to this scenario, it may be the level of 1.3154. Alternative scenario : A break and consolidation of USD / CAD above the level of 1.3154 will allow the pair to continue to grow to the level of 1.3345.
Our view: We Sell pair USD / CAD from correction below 1.3154 with the aim of 1.2800.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
