Wave forex forecast for the week 17.04 - 21.04.2017: EUR / USD - correction in the pair
Wave analysis and forex forecast EUR / USD on nedelyu17.04 - 04/21/2017 : Bearish Euro dollar strength. Locally, the EUR / USD correction.
Estimated pivot point is at 1.0565.
Our view : Buy the pair from correction above 1.0565 level with the aim of 1.0735.
Alternative scenario : A break and consolidation rates EUR / USD below 1.0565 will allow the pair EUR / USD to continue to fall to around 1.0450.
Analysis EUR / USD : Presumably, formation of the fifth wave 5 senior level. At the moment, it seems to have formed the first wave i of 5 in the form of a zigzag, which suggests the possibility of forming a diagonal triangle in the fifth wave. Locally formed upward correction ii of 5, and if this assumption is correct, it is logical to expect the correction pair growth to around 1.0735. Critical to this scenario is the level of 1.0565.
Wave analysis and forecast Forex GBP / USD on the week 17.04 - 21.04.2017 : Bullish pair GBP / USD in force.
Estimated pivot point is at 1.2365.
Analysis GBP / USD: Presumably, formation of ascending correction senior level as the fourth wave 4 in which develops wave c of 4. Locally, apparently develops third wave (iii) of c, and if the assumption is true, then the growth pair proceeds to around 1.2705. Critical to this scenario is the level of 1.2365.
Alternative scenario : A break and consolidation of price GBP / USD below 1.2365 will allow the pair GBP / USDprodolzhit decline to around 1.2300.
Our view : Buy the pair GBP / USD on corrections above the level of 1.2365 with the aim of 1.2705.
Wave analysis and forex forecast USD / CHF for the week 17.04 - 21.04.2017: The probability of devaluation of the USD / CHF pair is maintained.
Estimated pivot point is at 1.0089.
Analysis USD / CHF : Presumably, formation of a third wavelength 3 senior level. Locally, apparently formed filar pulse wave as (i) the development and goes downward correction (ii). If the assumption is true, it is logical to expect continuation of decrease in pair in the second wave (ii) marks to 0.9960 - 0.9925. Critical to this scenario is the level of 1.0089.
Alternative scenario : A break and consolidation of price USD / CHF above the level of 1.0089 will allow the pair USD / CHF continue to rise to the level of 1.0160.
Our opinion : Sell pair USD / CHF from correction below 1.0089 with the aim of 0.9960 - 0.9925.
Wave analysis of the USD / JPY and the dollar, the yen forex forecast for the week 17.04 - 21.04.2017 : The downtrend in force. USD / JPY continued decline.
Estimated pivot point is at 110.20.
Analysis USD / JPY : Presumably, formation of the third wave iii senior level. Locally, apparently complete upward correction (ii) there is a third wave and development (iii) a junior level. If the assumption is true, it is logical to expect continuation of decrease in pair to the level of 108.00. Critical to this scenario is the level of 110.20.
Alternative scenario : A break and consolidation of the price of the course USD / JPY above the level of 110.20 will allow the pair USD / JPY to continue to grow to marks 112.65 - 113.26.
Our opinion : Sell USD / JPY pair from correction below the level of 110.20 with the aim of 108.00.
Forex Wave analysis and forecast of USD / CAD exchange rate for the week 17.04 - 21/04/2017 : USD / CAD downtrend in force.
Estimated pivot point is at 1.3450.
Analysis USD / CAD: Presumably, development of the third wave senior iii of C, in which a rising correction ended as a wave (ii). Locally, apparently formed by the first wave of junior level i of (iii). If the assumption is true, after logical to expect continued decrease in pair to complete the mark 1.3150 uplink ii of (iii) correction. Critical to this scenario is the level of 1.3450.
Alternative scenario : A break and consolidation of USD / CAD above the level of 1.3450 will allow the pair USD / CAD continue to rise to the level of 1.3532.
Our view: We Sell pair USD / CAD from correction below 1.3450 with the aim of 1.3150. In the case of the breakdown level of 1.3450 to buy USD / CAD with the aim of 1.3532.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
:
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