Wave analysis of Forex and the euro dollar forecast EUR / USD on the week 17.07 - 07.21.2017 : Bullish EUR / USD pair sohranayaetsya.
Estimated pivot point is at 1.1366.
Analysis EUR / USD : In the four hour time frame Presumably, development of an uptrend in EUR / USD as the senior level of the third wave 3. At this point, apparently, formation of the fifth wave v of 3 junior level, within which allegedly completed correction (ii) in the form of an irregular plane. If the assumption is true, the pair EUR / USD will continue to marks 1.1550 - 1.1650. Critical to this scenario is the level of 1.1366.
Alternative scenario : A break and consolidation rate EUR / USD below 1.1366 will allow the euro quotes continue to decline to around 1.1245.
Our view : Buy EUR / USD pair from correction above 1.1366 level with the aim of 1.1550 - 1.1650.
Wave analysis and forex forecast the pound dollar GBP / USD on the week 17.07 - 07.21.2017 : Growth GBP / USD in effect
at the level of 1.2800 Estimated reversal point.
Analysis GBP / USD : In the four hour time frame presumably in GBP / USD pair continues forming the fifth wave 5 senior level. At this point, apparently resulted in a downward correction ii of 5, which took the shape of a zigzag (a) (b) (c ) and started development iii of 5. If the third wave assumption is true, then the pair GBP / USD continue to marks 1.3150 - 1.3350. Critical to this scenario is the level of 1.2800.
Alternative scenario : A break and consolidation quotes sterling GBP / USD below 1.2800 will allow the pair GBP / USD continue to decline marks 1.2600 - 1.2550.
Our view : Buy the pair GBP / USD on corrections above the level of 1.2800 with the aim of 1.3150 - 1.3350.
Wave Analysis of the dollar and franc Forex Forecast USD / CHF for the week 17.07 - 21.07.2017 : The probability of reducing pkotirovok USD / CHF is maintained.
Estimated pivot point is at 0.9695 level.
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) wave and began development (iii). If the assumption is true, the decline in USD / CHF pair continues to marks 0.9500 - 0.9400. Critical to this scenario is the level of 0.9695.
Alternative scenario : A break and consolidation of the dollar above the level of 0.9695 franc, will allow the pair USD / CHF continue to rise to the level of 0.9760.
Our opinion : Sell pair USD / CHF from correction below 0.9695 with the aim of 0.9500 - 0.9400. In the case of the breakdown level of 0.9695 to buy USD / CHF with the aim of 0.9760.
Forex Wave analysis and forecast of the dollar, the yen USD / JPY for the week 17.07 - 21.07.2017 : likely to continue growing USD / JPY.
Estimated pivot point is at 112.68.
Analysis USD / JPY : Presumably, formation of an ascending trend as the third wave iii within wave C senior level. Locally, apparently completed the development of a downward correction in a wave (iv) and, if the assumption is true, it is logical to expect continued growth pair USD / JPY to marks 115.00 - 116.00. Critical to this scenario is the level of 112.68.
Alternative scenario : A break and consolidation of the dollar, the yen exchange rate below the level of 112.68 will allow the pair USD / JPY to continue to decline to around 110.90.
Our view : Buy the pair USD / JPY from 112.68 level above adjustments for the purpose of 115.00 - 116.00. In the case of the breakdown level of 112.68 to sell USD / JPY with the aim of 110.90.
Wave analysis of the Canadian dollar and the forecast and USD / CAD Forex for a week 17.07 - 07.21.2017 : Reducing the pair USD / CAD continues.
Estimated pivot point is at 1.2930.
Analysis of USD / CAD : As part of the four-hour time frame for the pair USD / CAD Presumably, development of the descending impulse within the senior level C wave. Locally, apparently develops third wave iii of C, in which elongation wave structure is formed. If the assumption is true, the decline in the pair USD / CAD continues to around 1.2430. Critical to this scenario, it may be the level of 1.2930.
Alternative scenario : A break and consolidation quotes pair USD / CAD above the level of 1.2930 will allow the pair USD / CAD continue to rise to the level of 1.3345.
Our view: We Sell pair USD / CAD from correction below 1.2930 with the aim of 1.2430.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
