#forex wave analysis

New Post has been published on http://blog.topforexbrokerscomparison.com/best-forex-brokers-forex-wave-analysis-and-forecast-for-24-06-01-07-2016/

Best Forex Brokers-Forex Wave analysis and forecast for 24.06 – 01.07.2016

Best Forex Brokers-Forex Wave analysis and forecast for 24.06 – 01.07.2016

EUR/USD: Wave analysis and forecast for 24.06 – 01.07: The pair is likely to grow.

Estimated pivot point is at the level of 1.09.

Our opinion: Buy the pair from correction above the level of 1.09 with the target of 1.1164 – 1.1230.

Alternative scenario: Breakout and consolidation of the price below the level of 1.09 will trigger the decline in the pair to 1.08 – 1.07.

Analysis: Presumably, downward correction of the senior level continues as the wave ii of 3 has completed in the 4-hour timeframe. At the moment, it is likely that the wave (c) of ii has formed as an impetus. If this assumption is correct, the pair can go up to 1.1164 – 1.1230, or higher.

GBP/USD: Wave analysis and forecast for 24.06 – 01.07: Downtrend continues.

Estimated pivot point is at the level of 1.3307.

Our opinion: Buy the pair from correction above the level of 1.3307 with the target of 1.4160 – 1.4350.

Alternative scenario: Breakout and consolidation of the price below the level of 1.3307 will trigger the decline in the pair to the level of 1.31 – 1.30.

Analysis: Presumably, the formation of the upward wave of the senior level (4) has completed. Locally it is likely that the fifth wave (5) is being developed, within which the first wave 1 of (5) has completed. If this assumption is correct, in the short-term upward correction can reach 1.4160 – 1.4350 in the wave 2 of (5) and after than the pair will continue to decline. In case of breakout of the level of 1.5026, downtrend will cease.

USD/CHF: Wave analysis and forecast for 24.06 – 01.07: Correction is nearing completion. The pair is likely to decline.

Estimated pivot point is at the level of 0.9953.

Our opinion: Sell the pair from correction below the level of 0.9953 with the target of 0.9510 – 0.93.

Alternative scenario: Breakout and consolidation of the price above the level of 0.9953 will boost the price up to 1.0 – 1.0100.

Analysis: Presumably, the formation of the third wave iii of the senior level continues. Currently, it seems that upward correction as the wave (ii) is nearing completion. If this assumption is correct, after the completion of the correction, the pair will continue to decline to the levels 0.9510 – 0.93.

USD/JPY: Wave analysis and forecast for 24.06 – 01.07: Downtrend dominates.

Estimated pivot point is at the level of 106.76.

Our opinion: Sell the pair from correction below the level of 106.76 with the target of 94.97.

Alternative scenario: Breakout and consolidation of the price above the level of 106.76 will trigger further rise up to 108.50 – 110.00.

Analysis: Presumably, the formation of the long-term downtrend continues, within which the fifth wave is being developed. At the moment, it is likely that the third wave of the junior level (iii) of v has formed and the local correction is being developed as the fourth wave (iv). If this assumption is correct, after the completion of the correction the pair will continue to decline to 94.97. Critical level for this scenario is 106.76.

USD/CAD: Wave analysis and forecast for 24.06 – 01.07: The pair is likely to grow.

Estimated pivot point is at the level of 1.2810.

Our opinion: Buy the pair from correction above the level of 1.2810 with the target of 1.3294.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.2810 will trigger further decline to 1.26 – 1.25.

Analysis: Presumably, the formation of the upward correction continues in the wave B of the senior level. At the moment, it seems that the wave с of B is being developed, within which the third wave is being formed (iii). If this assumption is correct, the pair may continue to rise in the wave c of B up to the levels of 1.3294 – 1.35. level for this scenario is 1.2810.

The analytical materials are provided by Aleksander Geuta, a trader and analyst of LiteForex

Best Forex Brokers

New Post has been published on http://blog.topforexbrokerscomparison.com/best-forex-brokers-forex-wave-analysis-and-forecast-for-17-06-24-06-2016/

Best Forex Brokers-Forex Wave analysis and forecast for 17.06 – 24.06.2016

Best Forex Brokers-Forex Wave analysis and forecast for 17.06 – 24.06.2016

EUR/USD: Wave analysis and forecast for 17.06 – 24.06: The pair is likely to decline.

Estimated pivot point is at the level of 1.1297.

Our opinion: Sell the pair from correction below the level of 1.1297 with the target of 1.0990 – 1.0940.

Alternative scenario: Breakout and consolidation of the price above the level of 1.1297 will allow the pair to continue the rise up to 1.1454.

Analysis: Presumably, downward correction of the senior level continues as the wave ii of 3 in the 4-hour timeframe. At the moment, it is likely that the upward correction has completed as the wave (b) of ii, and the wave (c) of ii is developing, within which the wave of the junior level (iii) of (c) is likely to develop. Critical level for this scenario is 1.1297.

GBP/USD: Wave analysis and forecast for 17.06 – 24.06: Downtrend continues.

Estimated pivot point is at the level of 1.4350.

Our opinion: Sell the pair from correction below the level of 1.4350 with the target of 1.39.

Alternative scenario: Breakout and consolidation of the price above the level of 1.4350 will trigger the rise in the pair up to the level of 1.4650.

Analysis: Presumably, the formation of the third wave of the senior level iii of 5 continues. Locally, it is likely that the upward correction (iv) of iii is nearing completion. If this assumption is correct, after the completion of the correction the pair may go down in the fifth wave (v) to the level of 1.39. Critical level for this scenario is 1.4350.

USD/CHF: Wave analysis and forecast for 17.06 – 24.06: The pair is undergoing correction.

Estimated pivot point is at the level of 0.9566.

Our opinion: In the short-term: buy the pair above the level of 0.9566 with the target of 0.9760. In the medium-term: wait for the completion of the correction and sell the pair with the target of 0.9320 – 0.9130.

Alternative scenario: Breakout and consolidation of the price below the level of 0.9566 will allow the pair to continue decline to 0.9320 – 0.9130 within the trend.

Analysis: Presumably, the formation of the third wave iii of the senior level continues. Currently, it seems that the first one-two wave (i) of the junior level has formed as an impetus and correction as the wave (ii) has begun. If this assumption is correct, after the completion of the correction, the pair will continue to decline to the levels of 0.9320 – 0.9130.

USD/JPY: Wave analysis and forecast for 17.06 – 24.06: Downtrend dominates.

Estimated pivot point is at the level of 106.33.

Our opinion: Sell the pair from correction below the level of 106.33 with the target of 100.60.

Alternative scenario: Breakout and consolidation of the price above the level of 106.33 will trigger the rise up to 109.00 – 110.00.

Analysis: Presumably, the formation of the long-term downtrend continues. It is assumed that within this trend the fifth wave is being developed. At the moment, it is likely that the third wave of the junior level (iii) of v is being formed. If this assumption is correct, the pair will continue to decline to 100.60. Critical level for this scenario is 106.33.

USD/CAD: Wave analysis and forecast for 17.06 – 24.06: Possibility of the rise in the pair remains.

Estimated pivot point is at the level of 1.2655.

Our opinion: Buy the pair from correction above the level of 1.2655 with the target of 1.3294.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.2655 will trigger further decline to 1.24 – 1.23.

Analysis: Presumably, the formation of the upward correction continues in the wave B of the senior level. At the moment, it seems that the wave с of B is being developed, within which one-two wave (i) has been formed. If this assumption is correct, after the completion of the correction (ii) the pair may continue to rise to the level of 1.3294 within the wave c of B. Critical level for this scenario is 1.2655.

The analytical materials are provided by Aleksander Geuta, a trader and analyst of LiteForex

Best Forex Brokers

New Post has been published on http://blog.topforexbrokerscomparison.com/best-forex-brokers-forex-wave-analysis-and-forecast-for-10-06-17-06-2016/

Best Forex Brokers-Forex Wave analysis and forecast for 10.06 – 17.06.2016

Best Forex Brokers-Forex Wave analysis and forecast for 10.06 – 17.06.2016

EUR/USD: Wave analysis and forecast for 10.06 – 17.06: The pair is probably to decline.

Estimated pivot point is at the level of 1.1411.

Our opinion: Sell the pair from correction below the level of 1.1411 with the target of 1.0990 – 1.0940.

Alternative scenario: Breakout and consolidation of the price above the level of 1.1411 will allow the pair to continue the rise up to 1.15 – 1.16.

Analysis: Presumably, the formation of the downward correction of the senior level as the wave ii of 3 continues within the 4 hour timeframe. Currently, it seems that the formation of the upward correction as the wave (b) of ii has completed. If this assumption is correct, the pair has started to decline to 1.0990 – 1.0940 within the wave (c) of ii. Critical level for the main scenario is 1.1411.

GBP/USD: Wave analysis and forecast for 10.06 – 17.06: The pair is probably to decline.

Estimated pivot point is at the level of 1.4660.

Our opinion: Sell the pair from correction below the level of 1.4660 with the target of 1.40.

Alternative scenario: Breakout and consolidation of the price above the level of 1.4660 will allow the pair to continue to rise up to 1.50.

Analysis: Presumably, the formation of the third wave of the senior level iii of 5 continues. Locally, it seems that the upward correction (ii) of iii completed. If this assumption is correct, the pair has started to decline within the third wave (iii) to the level of 1.40. Critical level for this scenario is 1.4660.

USD/CHF: Wave analysis and forecast for 10.06 – 17.06: The pair is likely to decline.

Estimated pivot point is at the level of 0.9659.

Our opinion: Sell the pair below the level of 0.9659 with the target of 0.9509.

Alternative scenario: Breakout and consolidation of the price above the level of 0.9659 will allow the pair to continue to rise up to 0.9785.

Analysis: Presumably, the formation of the upward correction completed as the second wave ii, which took a shape of a plane (a)(b)(c). Currently, it seems that the third wave of the senior level started to develop, within which the first one-two wave (i) of the junior level seems to form as an impetus. If this assumption is correct, the pair will continue to decline to the level of 0.9509. Critical level for this scenario is 0.9659.

USD/JPY: Wave analysis and forecast for 10.06 – 17.06: The pair is likely to rise up.

Estimated pivot point is at the level of 106.20.

Our opinion: Buy the pair from correction above the level of 106.20 with the target of 111.40.

Alternative scenario: Breakout and consolidation of the price below the level of 105.46 will permit the pair to continue the decline to the levels of 105.46 – 105.00.

Analysis: Presumably, the formation of the upward correction as the fourth wave of the senior level continues. At the moment, it is likely that the formation of the wave (b) of iv has completed, within which an irregular plane has formed. If this assumption is correct, the pair will continue to rise to the level of 111.40 within the wave (c) of iv. Critical level for this scenario is 106.20.

USD/CAD: Wave analysis and forecast for 10.06 – 17.06: The pair is likely to rise up.

Estimated pivot point is at the level of 1.2458.

Our opinion: Buy the pair from correction above the level of 1.2646 with the target of 1.3294.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.2646 will enable the pair to continue decline to 1.2458 – 1.24.

Analysis: Presumably, the formation of the upward correction continues in the wave B of the senior level. At the moment, it seems that the wave b of B is finishing, within which the zigzag (a)(b)(c) has been formed. If this assumption is correct, the pair will continue to rise up within the wave c of B to 1.3294.

The analytical materials are provided by Aleksander Geuta, a trader and analyst of LiteForex

Best Forex Brokers

New Post has been published on http://blog.topforexbrokerscomparison.com/best-forex-brokers-forex-wave-analysis-and-forecast-for-03-06-10-06-2016/

Best Forex Brokers-Forex Wave analysis and forecast for 03.06 – 10.06.2016

Best Forex Brokers-Forex Wave analysis and forecast for 03.06 – 10.06.2016

EUR/USD: Wave analysis and forecast for 03.06 – 10.06: The pair is likely to rise up within correction.

Estimated pivot point is at the level of 1.1108.

Our opinion: Buy the pair from correction above the level of 1.1108 with the target of 1.1340 – 1.14.

Alternative scenario: Breakout and consolidation of the price below the level of 1.1108 will allow the pair to continue the rise up to 1.0990 – 1.0940.

Analysis: The formation of the downward correction of the senior level continues, within which it is likely that the development of the bearish impetus as the wave (a) of ii has completed. Currently, it seems that the formation of the upward correction as the wave (b) of ii has started. If this assumption is correct, the pair will continue to rise up to 1.1340 – 1.14. Critical level for this scenario is 1.1108.

GBP/USD: Wave analysis and forecast for 03.06 – 10.06: The pair is likely to decline.

Estimated pivot point is at the level of 1.4738.

Our opinion: Sell the pair from correction below the level of 1.4738 with the target of 1.40.

Alternative scenario: Breakout and consolidation of the price above the level of 1.4738 will enable the pair to continue the rise up to the level of 1.50.

Analysis: Presumably, the formation of the upward correction has completed as the second wave ii of 5 and the development of the third wave has started. Locally, it seems that the first one-two wave of the junior level (i) of iii as an impetus is being formed. If this assumption is correct, the pair will continue to decline to the level of 1.40. Critical level for this scenario is 1.4738.

USD/CHF: Wave analysis and forecast for 03.06 – 10.06: The pair is likely to decline.

Estimated pivot point is at the level of 0.9950.

Our opinion: Sell the pair bellow the level of 0.9950 with the target of 0.9660.

Alternative scenario: Breakout and consolidation of the price above the level of 0.9950 will allow the pair to continue to rise up to 1.0010 – 1.0100.

Analysis: Presumably, the formation of the upward correction completed as the second wave ii, which took a shape of a plane (a)(b)(c). Currently, it seems that the third wave of the senior level started to develop, within which the first one-two wave of the junior level seems to form. If this assumption is correct, the pair will continue to decline to the level of 0.9660. Critical level for this scenario is 0.9950.

USD/JPY: Wave analysis and forecast for 03.06 – 10.06: The pair is likely to decline within correction.

Estimated pivot point is at the level of 109.17.

Our opinion: Buy the pair from the correction above the level of 109.17 with the target of 114.00.

Alternative scenario: Breakout and consolidation of the price below the level of 105.46 will permit the pair to continue the decline to the levels of 103.50 – 103.00 within the long-term downtrend.

Analysis: Presumably, the formation of the upward correction as the fourth wave of the senior level continues. At the moment it is likely that the formation of the wave (a) of iv is nearing completion. Within this wave an irregular plane seems to be formed. If this assumption is correct, after the breakout of the level of 109.17 it is logical to wait the pair to continue to rise to the level of 114.00 within the wave (c) of iv. Critical level for this scenario is 105.46.

USD/CAD: Wave analysis and forecast for 03.06 – 10.06: Uptrend continues.

Estimated pivot point is at the level of 1.29.

Our opinion: Buy the pair from correction above the level of 1.29 with the target of 1.3294.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.29 will enable the pair to continue decline to 1.26 – 1.25.

Analysis: Presumably, the formation of the upward correction continues in the wave B of the senior level. At the moment, it seems that the first wave of the junior level a of B as diagonal is being formed, within which the fourth wave (iv) of has completed and presumably the fifth one is being formed. If this assumption is correct, the pair will continue to rise up to 1.3294. Critical level for this scenario is 1.29.

The analytical materials are provided by Aleksander Geuta, a trader and analyst of LiteForex

Best Forex Brokers