Wave forex forecast for the week 26.12 - 30.12.2016: EUR / USD - corrective gains!
EUR / USD Forex Wave analysis and forecast of the dollar euro on 26.12 - 30.12.2016 : expected growth of the EUR / USD in the correction.
Estimated pivot point is at 1.0350.
Our view : Buy a pair of correction above 1.0350 level with the aim of 1.0590 - 1.0734.
Alternative scenario : A break and consolidation below the price level of 1.0350 will allow the pair to continue to decline to marks 1.03 - 1.02.
Euro Analysis: Presumably, formation of the downward momentum in the third wave of three senior level. Locally, most likely, formation of an upward correction in the fourth wave 4, and if the assumption is true, it is logical to expect continued s growth of the pair to 1.0590 marks - 1.0734. Critical to this scenario may be the level of 1.0350, breaking which the third wave of the wave structure will continue to lengthen.
GBP / USD Pound Dollar Wave analysis and forex forecast for 26.12 - 12.30.2016 : Reducing the pound continues.
Estimated pivot point is at 1.2385.
Our opinion : Sell the pair from correction below 1.2385 with the aim of 1.2077.
Alternative scenario : A break and consolidation above the price level of 1.2385 will allow the pair to continue to grow to the level of 1.2526.
Analysis Pound Dollar : Presumably, formation of the fifth wave 5 senior level. Locally, apparently, there is a development of the downward momentum in the third wave of junior level iii of 5. If the assumption is true, it is logical to expect continuation of decrease in pair to 1.2077 marks - 1.19 in the medium term. Critical to this scenario is the level of 1.2385.
USD / CHF wave analysis of the dollar and the franc forex forecast at 26.12 - 30.12 : The probability of growth dollar franc persists.
Estimated pivot point is at 1.0216.
Our view : Buy a pair of correction above 1.0216 level with the aim of 1.0440 - 1.0517.
Alternative scenario : A break and consolidation below the price level of 1.0216 will allow the pair to continue to decline to around 1.0089.
Analysis usd chf: Presumably, formation of an ascending trend as the third wave of three senior level. Locally, apparently formed by the first two waves of different levels, and resulted in the correction as a wave (ii). If the assumption is true, then the current position of the pair will continue to rise marks 1.0440 - 1.0517.
USD / JPY Forex Wave analysis and forecast of the dollar, the yen at 26.12 - 12.30.2016 : The probability of the dollar yen reduction in prices.
Estimated pivot point is at 118.21.
Our opinion : Sell the dollar yen pair from correction below the level of 118.21 with the aim of 114.33 - 111.73.
Alternative scenario : A break and consolidation above the price level of 118.21 will allow the pair to continue to grow to marks 119.60 - 120.00.
Analysis of the dollar, the yen : Presumably, formation of the ascending impulse wave A within the truncation in the fifth wave of junior level. Locally, apparently, it begins a decline in wave B, within which allegedly formed the first wave a of B. If the assumption is true, it is logical to expect continuation of decrease in pair to 114 marks. 33 - 111.73. Critical to this scenario is the level of 118.21.
USD / CAD Forex Wave analysis and forecast for the week 26.12 - 12.30.2016 : expected depreciation of the pair USD / CAD.
Estimated pivot point is at 1.3580.
Our opinion : Sell pair USD / CAD from correction below 1.3580 with the aim of 1.3074 - 1.28.
Alternative scenario : A break and consolidation above the price level of 1.3580 will allow the pair to continue to grow to marks 1.37 - 1.38.
Analysis USD / the product range CAD : Presumably, formation of long-term correction as a wave in the senior level. Locally, apparently, it began the development of wave C of (4) in which is formed as a lead-in momentum of the first wave, and ends upward correction in the form of a zigzag in the second wave, that were spent to little. If the assumption is true, in the medium term, it is logical to expect decrease in pair marks the area 1.3074 - 1.28. Critical to this scenario is the level of 1.3580.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
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