Wave analysis of the EUR / USD and forex forecast EUR / USD on the week 12.06 - 06.16.2017 Traders should wait for the euro decline.
Estimated pivot point is at 1.1286.
Analysis EUR / USD : Within four hour time frame, presumably, development of the third wave senior level 3. At present, appear to complete the formation of the rising pulse during the third wave iii of junior level 3 and started the development of a downward correction as wave iv of 3. If the assumption is true, then the reduction will continue to marks pair 1.1100 - 1.1060. Critical to this scenario is the level of 1.1286.
Alternative scenario : A break and consolidation rates EUR / USD above the 1.1286 will allow the pair EUR / USD to continue to grow to marks 1.1350 - 1.1450.
Our opinion : Sell EUR / USD pair from correction below 1.1286 with the aim of 1.1100 - 1.1060.
Wave Analysis Forex pound dollar and forecast GBP / USD on the week 12.06 - 06.16.2017 : Bearish pair GBP / USD trend is still in force.
Estimated pivot point is at 1.2972.
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 within which allegedly formed the first wave of junior level i of 5. If the assumption is true, the price decline will continue to marks 1.2570 - 1.2460. Critical to this scenario is the level of 1.2972.
Alternative scenario : A break and consolidation of price GBP / USD above the 1.2972 will allow the pair GBP / USD continue to rise to marks 1.3100 - 1.3150.
Our opinion : Selling a pair GBP / USD on corrections below the level of 1.2972 with the aim of 1.2570 - 1.2460. In the case of the breakdown level of 1.2972 to buy for the purpose of 1.3100 - 1.3150.
Wave Analysis of the dollar / franc and forex forecast for the week USD / CHF 12.06 - 16.06 : USD / CHF - The downtrend in force.
Estimated pivot point is at 0.9600.
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 ended development of the downward momentum as the third wave iii of junior level 3 and the formation of the ascending correction iv of 3. If the assumption is true, then a pair of growth continues to marks 0.9794 - 0.9855. Critical for this scenario could be the level of 0.9600.
Alternative scenario : A break and consolidation below the price level of 0.9600 will allow the pair USD / CHF continue to decline to around 0.9500.
Our view : Buy the pair USD / CHF on the correction above 0.9600 level with the aim of 0.9794 - 0.9855. In the case of the breakdown level of 0.9600 to sell USD / CHF with the aim of 0.9500.
USD / JPY Forex Wave analysis and forecast of USD / JPY for the week 12.06 - 16.06.2017 : In USD / JPY pair is expected to grow
at the level of 108.11 Estimated reversal point.
Analysis USD / JPY : Presumably, the formation of the descending correction as ii wave within the wave C senior level. Locally, apparently, is nearing completion of wave (c) of ii. If the assumption is true, after the end of the wave v of (c) it is logical to expect the resumption of growth of the pair to the marks of 111.68 - 114.36. Critical to this scenario is the level of 108.11.
Alternative scenario : A break and consolidation of USD / JPY below 108.11 will allow the pair USD / JPY to continue to decline to around 107.00.
Our view: Buy the pair USD / JPY from 108.11 level above adjustments for the purpose of 111.68 - 114.36.
Wave analysis of the USD / CAD and forex forecast at 12.06 - 16/06/2017 : USD / CAD - uptrend is in place.
Estimated pivot point is at 1.3425.
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 the fifth wave development (v), within which is formed a third wave junior level iii 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 1.3425, the breakdown of which the price will continue to decline marks 1.3300 - 1.3220.
Alternative scenario : A break and consolidation below the price level of 1.3425 will allow the pair USD / CAD continue to decline to around 1.3300 - 1.3220.
Our view : Buy USD / CAD from the correction above 1.3425 level with the aim of 1.3650 - 1.3800. In the case of the breakdown level of 1.3425 to sell USD / CAD with the aim of 1.3300 - 1.3220.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
