Wave forex forecast for the week 31.10 - 04.11.2016: EUR / USD - decrease after correction
EUR / USD Forex Wave analysis and forecast of the euro for the week 31.10 - 04.11 : The downtrend in force. Locally, the euro dollar correction.
Estimated pivot point is at 1.0880. Our view: Buy a pair of euro dollar correction above 1.0880 level with the aim of 1.1036. In case of breakdown of 1.0880 level, with the aim to sell 1.0770. Alternative: A break and consolidation below the price level of 1.0880 will allow the pair to continue to decline to around 1.0770.
Analysis of the dollar euro on the week : Presumably, formation of wave c of 2 within the bearish correction senior level. Locally, apparently completed the development of the third wave (iii) and the formation of the correction as the fourth (iv). If the assumption is true, it is logical to expect the pair to the 1.1036 mark. Critical to this scenario is the level of 1.0880.
GBP / USD wave analysis Pound Dollar exchange rate and forex forecast for the week 31.10 - 04.11.2016:. Downtrend pair GBP / USD in force
Estimated pivot point is at 1.2270. Our opinion: Sell the pound dollar pair from correction below 1.2270 with a view . 1.1880 - 1.1680 in the medium term Alternative: a break and consolidation above the price level of 1.2870 will allow the pair to continue to grow to the level of 1.2525. Analysis of the pound dollar for the week: Presumably, formation of the third wave of three senior level. At the moment, apparently, there is a development of the junior level of the fifth wave, and if the assumption is true, then the pair will continue to decline marks 1.1880 - 1.1680. Critical to this scenario is the level of 1.2270.
USD / CHF wave analysis and forex forecast pair usd chf for the week 31.10 - 04.11.2016 : According to the franc dollar uptrend remains. . Locally vapor correction
Estimated pivot point is at 0.9997. Our opinion : Sell the dollar in tandem with the correction of the franc below 0.9997 with the aim of 0.9836. In the case of the breakdown level of 0.9997, buying for the purpose of 1.0072.Alternative for USD / CHF : The breakdown and fixing prices above the level of 0.9997 will allow the pair to continue to grow to the level of 1.0072. The analysis usd chf week : Presumably, formation of upward correction as the second wave 2 older level, in the framework of which is formed with a final wave of 2. Locally, apparently, completed the formation of the third wave (iii) and develops as a fourth correction (iv). If the assumption is true, in the short term, it is logical to expect decrease in pair to the 0.9836 mark. Critical to this scenario is the level of 0.9997, the breakdown of which will lead to the growth of the pair to the district level 1.0072.
USD / JPY wave analysis Doll yen rate and forex forecast for the week 31.10 - 11.04.2016 : the resumption of growth after a corrective decline
Estimated pivot point is at 103.99. Our view : Buy a pair of correction higher than 103.99 with a view to 107.13.In the case of the breakdown level of 103.99, selling for the purpose of 102.00. Alternative: A break and consolidation of the dollar, the yen below 103.99 will allow the pair to continue to decline to around 102.00.Analysis of the dollar, the yen for the week : Presumably, formation of the ascending impulse within started upward correction (B) senior level. Locally, apparently developing third wave iii of A of (B), and if the assumption is true, then the pair will continue to grow to the level of 107.13. Critical to this scenario is the level of 103.99.
USD / CAD Canadian Dollar Wave analysis and forecast for the week 31.10 - 11.04.2016 : expected decrease in pair in the correction.
Estimated pivot point is at 1.3410. Our opinion : Sell pair USD / CAD from correction below 1.3410 with the aim 1.32. In case of breakdown and fixing prices above the level of 1.3410, buying for the purpose of 1.35.Alternative : Breakdown and fixing prices above the level of 1.3410 will allow the pair to continue to grow to the level of 1.35. Course Analysis USD / the product range CAD : Presumably, formation of long-term correction as a wave in the senior level which takes the form of a triple Three wxyxz in which frameworks the final wave z of B. Locally, apparently, began the development of wave (c) of z, in which the impulse as the first wave i of (c) and is expected to decline in the correction. If the assumption is true, in the short term, it is logical to expect decrease in pair to the level of 1.32. Critical to this scenario is the level of 1.3410.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
:
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