EUR / USD Wave analysis and forecast of the euro the dollar on the week 10.10 - 10.14.2016 : EUR Reduction.
Estimated pivot point is at 1.1233.
Our opinion: Sell the pair from correction below 1.1233 with the aim of 1.1014 - 1.0914.
Alternative scenario s : Break and fixing prices above the level of 1.1233 will allow the pair to continue to grow to around 1.1324 - 1.14.
Analysis: Presumably, formation of wave c of 2 within the bearish correction senior level. Locally, apparently, there is a third wave of development (iii), and if the assumption is true, it is logical to expect continuation of decrease in pair to marks 1.1014 - 1.0914.Critical to this scenario is the level of 1.1233.
GBP / USD wave analysis and forecast of the dollar the pound for the week 10.10 - 14.10.2016 :. Downtrend in force
Estimated pivot point is at 1.2760.
Our opinion : Sell the pair from correction below 1.2760 for the purpose of 1.19 - 1.12 in the medium term.
The alternative scenario : a break and consolidation above the price level of 1.2760 will allow the pair to continue to grow to 1.30 - 1.32. Analysis : Presumably, formation of a long-term bearish momentum (3) as part of weekly and daily timeframes. Locally, apparently develops downward momentum junior level as the third wave (iii) of iii (3). If the assumption is true, it is logical to expect continuation of decrease in pair in the medium term at the level of district 1.12. Critical to this scenario is the level of 1.2760.
USD / CHF wave analysis and forecast for the dollar franc on the week 10.10 - 14.10 : The growth of the pair continues.
Estimated pivot point is at 0.9730.
Our view : Buy a couple of corrections above the level of 0.9730 with the aim of 0.9960 - 1.0.
Alternative scenario : A break and consolidation prices below the level of 0.9730 will allow the pair to continue to decline to marks 0.96 - 0.95.
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, continues the development of the third wave iii of (c) junior level, and if the assumption is true, it is logical to expect continuation of growth of pair to 0.9962 marks - 1.0. Critical to this scenario is the level of 0.9730.
Technical Analysis: USD / JPY wave analysis and forecast for the week 10.10 - 14.10 :. Expect growth of pair
Estimated pivot point is at 102.84.
Our view : Buy a pair of correction higher than 102.84 with a view to 105.12.
Alternative scenario : A break and consolidation of lower prices level of 102.84 will allow the pair to continue to decline marks 102.44 - 102.04.
Analysis: Presumably, the truncation of the fifth wave of the development of long-term bearish momentum within the daily timeframe. Locally, apparently goes filar form as the first pulse wave started rising within the senior level correction. If the assumption is true, then the pair will continue to rise to marks 105.12 - 109.00. Critical to this scenario is the level of 102.84.
USD / CAD wave analysis and forecast for 10.10 - 10.14.2016 :. Long-term correction is nearing completion
Estimated pivot point is at 1.3147.
Our view : Buy a pair of correction above 1.3147 level with the aim of 1.3305. In the case of the breakdown level of 1.3147, sell with the aim of 1.3039 - 1.2819.
Alternative scenario : A break and consolidation rates below the level of 1.3147 will allow the pair to continue to decline to marks 1.3039 - 1.2819.
Analysis : Presumably, nearing completion the formation of long-term correction as a wave in the senior level, which takes the form of a triple Three wxyxz. Locally, most likely, the final wave of junior level (c) of z of B. If the assumption is true, in the short term the pair will continue to grow to the level of 1.3305. Critical to this scenario is the level of 1.3147, a break of which could signal the beginning of a new downtrend in wave C.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
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