EUR / USD Wave analysis and forecast for 21.11 - 25.11.2016 : The downtrend is nearing completion.
Estimated pivot point is at 1.0743.
Our opinion : Sell the pair from correction below 1.0743 with the aim of 1.0540. In case of breakdown of 1.0743 level, with the aim of buying 1.10 - 1.12.
Alternative scenario : A break and consolidation above the price level of 1.0743 will allow the pair to continue to grow to marks 1.10 - 1.12.
Analysis of EURO: Presumably, formation of the downward momentum in the framework of the final fifth wave (v) of c of 2, composed of senior-level correction. Locally, it appears to develop the final fifth wave mladsheg of level v of (v) and if the assumption is true, then the pair will continue to decline to around 1.0540. Critical to this scenario is the level of 1.0743.
GBP / USD wave analysis and forecast for 21.11 - 25.11.2016 :. Couple correction
Estimated pivot point is at 1.2511.
Our opinion : Sell the pair from correction below 1.2511 with the aim of 1.2311. In case of breakdown of 1.2511 level, with the aim of buying 1.2763.
Alternative scenario : A break and consolidation above the price level of 1.2511 will allow the pair to continue to grow to the level of 1.2763.
Analysis GBP : Presumably, formation of an upward correction in the fourth wave 4 senior level. At the moment, apparently, it completed the development of wave a of 4 and there is a formation of a downward correction within wave b. If the assumption is true, then the pair will continue to decline to around 1.2311. Critical to this scenario is the level of 1.2511.
USD / CHF wave analysis and forecast for 21.11 - 11.25.2016 :. Is expected to decrease in pair
Estimated pivot point is at 0.9987.
Our opinion :. Selling a pair after the break below 0.9987, and the purpose of 0.98 - 0.9540
Alternative scenario : A break and consolidation of prices below the level of 0.9987 will allow the pair to continue to decline to marks 0.98 - 0.9540.
Analysis of USD / CHF : Presumably, nearing completion forming ascending correction senior level as wave 2. Locally, apparently formed upward momentum as the wave c of 2 within , which is expected to develop the final fifth wave (v). If the assumption is true, in the short term the pair will continue to grow to the level of 1.0132.Critical to this scenario is the level of 0.9987.
USD / JPY wave analysis and forecast for 21.11 - 25.11.2016 :. The uptrend in force
Estimated pivot point is at 108.49.
Our view : Buy a pair of correction higher than 108.49 with a view to 112.00.
Alternative scenario : A break and consolidation below the level of prices 108.49 will allow the pair to continue to decline marks 106.00 - 104.86.
Analysis : Presumably, formation of the ascending correction (B) the senior level. Locally, apparently, there is a third wave of development iii of A, which is formed within the fifth wave with target at 111.93 - 112.00. Critical to this scenario is the level of 108.49.
USD / CAD wave analysis and forecast for 21.11 - 25.11.2016 : The probability of the growth is maintained.
Estimated pivot point is at 1.3398.
Our view : Buy a pair of correction above 1.3398 level with the aim of 1.36 - 1.37. In case of breakdown and fixing prices below the level of 1.3398, selling for the purpose of 1.30.
Alternative scenario : A break and consolidation rates below the level of 1.3398 will allow the pair to continue to decline to around 1.30.
Analysis : Presumably, formation of long-term correction as a wave in the senior level, which takes wxyxz form of a triple Three in which frameworks the final wave z of B. Locally, apparently nearing completion development of wave (c) of z, in which developing fifth wave v of (c). If the assumption is true, then the pair will continue to rise to 1.36 - 1.37. Critical to this scenario is the level of 1.3398.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
