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Best Forex Brokers – Forex Wave analysis and forecast for 08.04 – 15.04.2016

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Best Forex Brokers – Forex Wave analysis and forecast for 08.04 – 15.04.2016

EUR/USD: Wave analysis and forecast for 08.04 – 15.04: Uptrend continues. Locally the pair is undergoing correction.

Estimated pivot point is at the level of 1.1140.

Our opinion: Buy the pair from correction above the level of 1.1140 with the target of 1.16 – 1.1750.

Alternative scenario: Breakout and consolidation of the price below the level of 1.1140 will allow the pair to continue to decline to 1.1050 – 1.0820.

Analysis: Presumably, the formation of the third wave 3 of the senior level continues, in which the extension is likely to be formed. At the moment, it seems that the third wave iii of 3 is being formed, in which correction is being developed as an irregular in the wave ii of (iii). If this assumption is correct after the completion of the correction the pair will continue to rise up to 1.16 – 1.1750. Critical level for this scenario is 1.1140. In case of breakout of this level the pair will continue to decline to 1.1050 – 1.0820.

EURUSD H1

EURUSD H4

GBP/USD: Wave analysis and forecast for 08.04 – 15.04: Downtrend continues.

Estimated pivot point is at the level of 1.4460.

Our opinion: Sell the pair from correction below the level of 1.4460 with the target of 1.36 – 1.34.

Alternative scenario: Breakout and consolidation of the price above the level of 1.4460 will enable the pair to continue the rise up to the level of 1.47.

Analysis: Presumably, the formation of the fifth wave of the senior level continues. Locally, it is likely that the third wave iii of 5 is being developed, within which the first wave (i) has been formed and the correction as the wave (ii) is being developed. If this assumption is correct, after its completion the pair will continue to decline to 1.36 – 1.34. Critical level for this scenario is 1.4460.

GPBUSD H1

GPBUSD H4

USD/CHF: Wave analysis and forecast for 08.04 – 15.04: Downtrend continues.

Estimated pivot point is at the level of 0.9643.

Our opinion: Sell the pair from correction below the level of 0.9643 with the target of 0.9390 – 0.9245.

Alternative scenario: Breakout and consolidation of the price above the level of 0.9643 will allow the pair to continue the rise up to 0.9787.

Analysis: Presumably, the formation of the downward impetus continues in the third wave iii of C. At the moment it is likely that the third wave of the junior level (iii) of iii is being developed, within which the extension is likely to develop. If this assumption is correct, the pair will continue to decline to 0.9390 – 0.9245. Critical level for this scenario is 0.9643.

USDCHF H1

USDCHF H4

USD/JPY: Wave analysis and forecast for 08.04 – 15.04: Downtrend continues.

Estimated pivot point is at the level of 113.80.

Our opinion: Sell the pair from correction below the level of 113.80 with the targets of 106.60 – 106.00.

Alternative scenario: Breakout and consolidation of the price above the level of 113.84 will trigger rise up to the level of 116.00.

Analysis: Presumably, the formation of the downward impetus continues in the third wave of the senior level. At the moment it is likely that the fifth wave (v) of iii is being formed, within which the third wave of the junior level iii of (v) has completed. If this assumption is correct after the completion of the local correction iv of (v) the pair will continue to decline to the levels of 106.60 – 106.00. Critical level for this scenario is 113.80.

USDJPY H1

USDJPY H4

USD/CAD: Wave analysis and forecast for 08.04 – 15.04: A chance of decline in the pair remains.

Estimated pivot point is at the level of 1.3213.

Our opinion: Sell the pair from correction below the level of 1.3213 with the target of 1.2780 – 1.2660.

Alternative scenario: Breakdown and consolidation of the price above the level of 1.3213 will enable the pair to continue the rise up to 1.37.

Analysis: Presumably, the formation of the downward impetus continues in the wave A. At the moment it seems that the fifth wave is being formed v of A, within which the third wave (iii) is being developed. If this assumption is correct, and the price does not break out the critical level of 1.3213, the pair will continue to decline to the levels of 1.2780 – 1.2660.

USDCAD H1

USDCAD H4

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

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