Wave Analysis and Forecast EUR / USD on the week 12.12 - 12.16.2016 : The correction was completed. It is expected the continuation of decrease in pair.
Estimated pivot point is at 1.0870.
Our opinion : Sell the euro dollar pair from correction below 1.0870 with the aim of 1.0450 - 1.0340.
Alternative scenario : A break and consolidation above the price level of 1.0870 will allow the pair to continue to grow to marks 1.10 - 1.11.
Analysis of the dollar euro: Presumably, formation of an upward correction in the fourth wave iv of 3, which took the form of an irregular plane. Locally, apparently formed filar momentum as the wave (i), and if the assumption is true, after completion of the correction (ii) it is logical to expect continuation of decrease in pair in the fifth wave to the level of 1.0450 and below. Critical to this scenario is the level of 1.0870.
Wave analysis and forecast of GBP / USD for the week 12.12 - 12.16.2016 : The correction was completed.
Estimated pivot point is at 1.2705.
Our opinion: Sell the pair from correction below 1.2705 with the aim of 1.2380 - 1.20.
Alternative scenario : A break and consolidation above the price level of 1.2705 will allow the pair to continue to grow to the level of 1.2830.
Analysis GBP / USD: Presumably, formation of an upward correction in the fourth wave 4 senior level. At the moment, apparently, it began the development of the fifth wave 5 within which presumably formed downward momentum as the first wave of junior level. If the assumption is true, then the pair will continue to decline marks 1.2380 - 1.20.
Forex Wave analysis and forecast of USD / CHF for the week 12.12 - 12.16.2016 : expected decrease in pair USD / CHF.
Estimated pivot point is at 1.0200.
Our opinion : Selling a pair below 1.0200 with the aim of 0.9948 - 0.9866.
Alternative scenario : A break and consolidation above the price level of 1.0200 will allow the pair to continue to grow to the level of 1.0300.
Analysis of USD / CHF : Presumably, formation of upward correction senior level as wave 2. Locally, apparently, formed the first wave of junior level (i) as a wedge and completes the correction as a wave (ii). If the assumption is true, then the pair will continue to decline marks 0.9948 - 0.9866. Critical to this scenario is the level of 1.0200.
Wave analysis of the USD / JPY and forex forecast for the week 12.12 - 16.12.2016 : expected appreciation of USD / JPY.
Estimated pivot point is at 113.09.
Our view : Buy USD / JPY pair of correction higher than 113.09 with a view to 116.80.
Alternative scenario : A break and consolidation of price USD / JPY below 113.09 will allow the pair to continue to decline to around 111.60.
Analysis USD / JPY The : Presumably, formation of the ascending impulse within wave A in a senior-level correction (B). Locally, apparently completed the development of correction as wave iv of A and starts growing within the fifth wave. If the assumption is true, it is logical to expect continuation of growth of pair to the 116.80 mark.
Wave analysis and forex forecast USD / CAD for the week 12.12 - 12.16.2016 : Bearish USD / CAD in force.
Estimated pivot point is at 1.3526.
Our opinion : Sell pair USD / CAD from correction below 1.3526 with the aim 1.30.
Alternative scenario : A break and consolidation above the price level of 1.3526 will allow the pair to continue to grow to the level of 1.37.
Analysis USD / the product range CAD : Presumably, formation of long-term correction as a wave in the senior level, which has the form of a Triple Three wxyxz. Locally, apparently formed filar first wave (i), in which terminates the third junior iii of (i). If the assumption is true, after correction iv pair decrease will continue in the 1.30 area.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
:
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