Best Forex Brokers – forex wave analysis and forecast for 25.12 – 01.01.2015
EUR/USD Wave analysis and forecast for 25.12 – 01.01: Correction continues.
Estimated pivot point is at a level of 1.0520.
Our opinion: In the short-term: sell the pair below the level of 1.0987 with the target of 1.0730. In the medium-term: wait for the completion of the correction and buy the pair above the level of 1.0520 with the target of 1.15.
Alternative scenario: Breakout and consolidation of the price below the level of 1.0520 will allow the pair to continue decline to 1.0450 – 1.04.
Analysis: Presumably, the formation of the local correction continues as the second wave ii of 3. Locally it seems that the wave (c) of 2 has started to develop. If this assumption is correct, in the short-term the pair will continue to decline to the level of 1.0730.
GBP/USD Wave analysis and forecast for 25.12 – 01.01: The pair is likely to rise.
Estimated pivot point is at a level of 1.4794.
Our opinion: Buy the pair from the correction above the level of 1.4794 with the target of 1.5240.
Alternative scenario: Breakout and consolidation of the price below the level of 1.4794 will enable the pair to continue decline to the levels of 1.47 – 1.4650.
Analysis: It is quite possible that the formation of the “bearish” correction, as the wave B of the senior level, has completed. At the moment, it is assumed that the wedge has been formed in the wave c of B, which suggests that downward correction might come to an end. If this assumption is correct and the price does not break down the critical level of 1.4794, it makes sense to expect that the pair will go up to the level of 1.5240.
USD/CHF Wave analysis and forecast for 25.12 – 01.01: Downtrend continues. Locally the pair is undergoing correction.
Estimated pivot point is at a level of 0.9778.
Our opinion: In the short-term – buy the pair above the level of 0.9778 with the target of 1.0055 – 1.0130. In the medium-term: wait for the completion of the correction and sell the pair with the target of 0.95.
Alternative scenario: Breakout and consolidation of the price below the level of 0.9778 will enable the pair to continue decline to 0.95 – 0.94.
Analysis: Presumably, the formation of the downward momentum continues in the wave С of 2 of the senior level. Locally, it is likely that the upward correction (ii) is being formed, within which the wave (c) of ii is developing. If this assumption is correct and the price does not break down the critical level of 0.9778, in the short- term the rise in the price up to 1.0055 – 1.0130 is possible.
USD/JPY Wave analysis and forecast for 25.12 – 01.01: The pair is likely to decline.
Estimated pivot point is at a level of 123.55.
Our opinion: Sell the pair from correction below the level of 123.55 with the target of 118.00 – 116.00.
Alternative scenario: Breakout and consolidation of the price above the level of 123.55 will enable the pair to continue the rise up to the level of 126.00.
Analysis: Presumably, the formation of the wave С of 4 of the senior level continues. Within this wave the moment will probably develop. At the moment it seems that the third wave iii of C is being formed. If this assumption is correct the pair will continue to decline to 118.00 – 116.00. Critical level for this scenario is 123.55. Breakdown of this level will cause continuation of the uptrend.
USD/СAD Wave analysis and forecast for 25.12 – 01.01: Uptrend continues.
Estimated pivot point is at a level of 1.3670.
Our opinion: Buy the pair from correction above the level of 1.3670 with the target of 1.42.
Alternative scenario: Breakout and consolidation of the price below the level of 1.3670 will enable the pair to continue decline to the levels of 1.32 – 1.28 as part of the correction of the senior level.
Analysis: Presumably, the formation of the upward momentum continues in the fifth wave of the senior level 5 of (3) on the daily timeframe. Locally, it is likely that the third wave of the junior level (iii) has completed and the correction as the fourth wave is being formed (iv). If this assumption is correct, after the completion of the correction the pair may rise up to the level of 1.42. Critical level for this scenario is 1.3670.
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The analytical materials are provided by Aleksander Geuta, a trader and analyst of LiteForex |
