Wave Analysis forex euro dollar and forecast EUR / USD on the week 22.05 - 05.26.2017 : Trend growth is maintained.
Estimated pivot point is at 1.1079.
Analysis EUR / USD : In the graph four hour time frame, presumably, formation of the third wave senior iii of 3. At this point, apparently, there is a development of the rising pulse as a third wave junior level (iii) of iii of 3. if the assumption is true, then the pair will continue to grow to the marks of 1.1300 - 1.1350. Critical for this scenario could be the level of 1.1079, breaking which the pair may continue to decline in the framework of a downward correction to the level of 1.1013.
Alternative scenario: A break and consolidation rates EUR / USD below 1.1079 will allow the pair EUR / USD to continue to fall to around 1.1013 in the correction.
Our view : Buy EUR / USD on corrections above the level of 1.1079 with the aim of 1.1300 - 1.1350.
Wave analysis of gbp usd forex forecast and GBP / USD on the week 22.05 - 26.05.2017 : Growth pound saved.
Estimated pivot point is at 1.2842.
Analysis GBP / USD : Presumably, formation of ascending correction senior level as the fourth wave 4, in which frameworks the wave c of 4. In developing the present moment, apparently, began the development of the fifth final wave (v), in which growth is expected a pair of marks to 1.3100 - 1.3150. Critical to this scenario is the level of 1.2842.
Alternative scenario : A break and consolidation of GBP / USD below 1.2842 will allow the pair to continue to decline to around 1.2748.
Our view : Buy the pair GBP / USD on corrections above the level of 1.2842 with the aim of 1.3100 - 1.3150.
Wave analysis of the USD / CHF and forex forecast for the week 22.05 - 05.26.2017 : traders should expect an increase in USD / CHF.
Estimated pivot point is at 0.9754.
Analysis USD / CHF : Within four hour time frame presumably completed the formation of the wedge downward as first wave 1. locally appear, development begins ascending correction as wave 2 in which is formed a fine filar pulse i of (a ). If the assumption is true, it is logical to expect the pair to the 0.9960 mark. Critical to this scenario is the level of 0.9754.
Alternative scenario : A break and consolidation below the price level of 0.9754 will allow the pair to continue to decline marks 0.9600 - 0.9500.
Our view : Buy the pair USD / CHF on the correction above 0.9754 level with the aim of 0.9960.
Wave Analysis of the dollar, the yen and forex forecast USD / JPY at 19.05 - 05.26.2017 : expected growth of quotations of USD / JPY.
Estimated pivot point is at 110.25.
Analysis USD / JPY : Presumably, formation of a descending correction as ii wave within the wave C senior level. Locally, apparently completed the development of the descending impulse as a wave (a) of ii of C. If the assumption is true, it is logical to expect growth of pair in the correction marks to 112.30 - 112.80. Critical to this scenario is the level of 110.25.
Alternative scenario : A break and consolidation of USD / JPY below 110.25 will allow the dollar yen pair continued to fall to the level of 109.40.
Our view : Buy USD / JPY on correction higher level of 110.25 with the aim of 112.30 - 112.80.
Forex Wave analysis and forecast of USD / CAD for the week 22.05 - 05.26.2017 : The correction continues. Reducing the likelihood of USD / CAD is saved.
Estimated pivot point is at 1.3665.
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, is formed as a downward correction in the fourth wave (iv), in which develops a wave with of (iv) zigzag abc. If the assumption is true, then the pair will continue to decline in the level of 1.3504. Critical to this scenario is the level of 1.3665, the breakdown of which the price will continue to rise to the level of 1.3800.
Alternative scenario : A break and consolidation of USD / CAD above the level of 1.3668 will allow the pair to continue to grow to the level of 1.3800.
Our opinion : Sell USD / CAD from correction below 1.3665 with the aim of 1.3504. In the case of breakdown of 1.3665 level with a view to buying 1.3800.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
