Wave Analysis and Forecast EUR USD EUR / USD on the week 23.01 - 27.01.2017 : expected decrease in pair EUR / USD.
Estimated pivot point is at 1.0718.
Our opinion : Sell EUR / USD pair from correction below 1.0718 with the aim of 1.0500.
Alternative scenario : A break and consolidation of EUR / USD rate above the level of 1.0718 will allow the pair to continue to grow to the level of 1.0856.
Analysis EUR / USD : Presumably, formation of an upward correction in the fourth wave 4 senior level. Locally, apparently completed the development of wave a of 4 and formation of the wave b of 4. If the assumption is true, that is a logical to expect decrease in pair to the 1.0500 mark. Critical to this scenario is the level of 1.0718.
Wave analysis and forex forecast for the pound dollar GBP / USD on the week 23.01 - 27.01.2017 : The pair GBP / USD correction.
Estimated pivot point is at 1.2417.
Our opinion : Selling a pair GBP / USD correction from below the level of 1.2417 with the aim of 1.2204 - 1.1885.
Alternative scenario : A break and consolidation quotes GBP / USD above the 1.2417 will allow the pair to continue to grow to the level of 1.2540.
Analysis GBP / USD : Presumably, formation of the fifth wave 5 senior level. Locally, apparently, it formed the first wave in the form of a wedge i of 5 and began the development of ascending correction as wave ii of 5, under which formed upward momentum (a) and wave (b) develops. If the assumption is true, it is logical to expect decrease in pair to the 1.2204 mark as part of the wave (b). Critical to this scenario may be the level of 1.2417.
Wave analysis and forex forecast usd chf USD / CHF for the week 23.01 - 01.27.2017 : expected growth rate USD / CHF.
Estimated pivot point is at 0.9993.
Our view : Buy USD / CHF on the correction above 0.9993 level with the aim of 1.0198.
Alternative scenario : A break and consolidation quotes pair USD / CHF below 0.9993 will allow the pair to continue to decline to around 0.9940.
Analysis of USD / CHF : Presumably, formation of a downward correction as a wave 2, which took the form of an irregular plane. Locally, apparently, the first wave of junior level for lead is formed (i) and developed correction (ii). If the assumption is true, it is logical to expect the pair to the 1.0198 mark.
Wave analysis and forex forecast for the dollar, the yen USD / JPY for the week 23.01 - 01.27.2017 : Bearish USD / JPY into strength.
Estimated pivot point is at 116.19.
Our opinion : Sell sell USD / JPY on correction below 116.19 with a view to 113.80 - 111.58.
Alternative scenario : A break and consolidation above the price level of 116.19 will allow the pair to continue to grow to the level of 117.55.
Analysis USD / JPY: Presumably, the wave formation (C), in which the first wave is formed. Locally, apparently formed upward correction as wave ii, in which the impulse (a) and wave (b) develops. If the assumption is true, it is logical to expect decrease in pair to marks 113.80 - 111.58.
Forex. Wave analysis and forecast of the pair USD / CAD for the week 23.01 - 27.01.2017 : The downtrend for the pair USD / CAD in force.
Estimated pivot point is at 1.3375.
Our opinion : Sell USD / CAD from correction below 1.3375 with the aim of 1.3180 - 1.3018.
Alternative scenario : A break and consolidation of the pair USD / CAD above the level of 1.3375 will allow the pair to continue the rise to 1.3450 marks - 1.35.
Analysis USD / the product range CAD : Presumably, formation of the wave With the senior level. Locally, apparently completed downward momentum as the first wave i of C, and the formation of the rising correction ii of C, in which the impulse (a) is completed. If the assumption is true, it is logical to expect decrease in pair in the district levels 1.3180 - 1.3018.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
:
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