Best Forex Brokers；EUR/USD: Wave analysis and forecast of 30.05 – 06.06.2014
Estimated pivot point is at the level of 1.3670.
Our opinion: Sell the pair from correction below the level of 1.3670 with the target of 1.3470 – 1.3370.
Alternative scenario: Breakout of the level of 1.3670 will allow the price to continue growth up to the level of 1.3780.
Analysis: Presumably, downtrend continues developing. In this trend the third wave is being formed. At the moment the third wave of the junior level iii of (iii), is being formed , which is likely to extend. If this assumption is correct, and the price does not break down the critical level of 1.3670, the pair will go down in the third wave (iii) to the levels of 1.3470 – 1.3370. As an alternative scenario we can assume that after the breakdown of the level of 1.3670, the wedge can be formed and the pair may undergo deep correction to the level of 1.3780.
Alternatively: 
GBP/USD Wave analysis and forecast for 30.05 – 06.06: Probability of decline in the pair is conserved. Estimated pivot point is at the level of 1.6810.
Our opinion: Sell the pair below the level of 1.6810 with the target of 1.6650.
Alternative scenario: Breakout and consolidation above the level of 1.6810 will enable the price to continue the rise up to the level of 1.70.
Analysis: Presumably, the formation of the third wave in the estimated downward momentum is ongoing. Locally, the formation of the third wave of the junior level iii of (iii) has completed and minor correction as the fourth wave iv of (iii) is being formed. If this assumption is true, the pair may continue the decline to the level of 1.6650 in the fifth wave v of (iii). Critical level for this scenario is 1.6810.
USD/CHF Wave analysis and forecast for 30.05 – 06.06: The pair is likely to continue the rise. Estimated pivot point is at the level of 0.8934.
Our opinion: Buy the pair above the level of 0.8934 with the target of 0.91 – 0.92.
Alternative scenario: Breakout of the level of 0.8934 will allow the pair to continue the decline within correction to the level of 0.88.
Analysis: Presumably, on the daily time frame the formation of the fifth wave, which takes a shape of a diagonal triangle, has completed. Locally, it is not excluded that upward momentum is being formed, within which the third wave is developing. If this assumption is correct, and the price does not break down critical level of 0.8934, it makes sense to expect that the pair will go to the levels of 0.91 – 092. In case of breakdown of the level of 0.8934, the pair will undergo the correction to the level of 0.88.
USD/JPY Wave analysis and forecast for 30.05 – 06.06: The decline in the pair is likely to continue. Estimated pivot point is at the level of 102.15.
Our opinion: Sell the pair below the level of 102.15 with the target of 100.0 – 99.50.
Alternative scenario: Breakout of the level of 102.15 will enable the rise in the pair up to the levels of 103.0 – 104.0.
Analysis: Presumably, the formation of the third wave of the Zigzag АВС on the daily frame chart continues. Locally, it seems that the pair started to decline in the third wave of the junior level (iii) of iii. If this assumption is correct and the price does not break down the critical level of 102.15, the pair will continue to decline to the levels of 100.0 – 99.50.
USD/CAD Wave analysis and forecast for 30.05 – 06.06: Decline in the pair will continue. Estimated pivot point is at the level of 1.0887.
Our opinion: Sell the pair below the level of 1.0887 with the target of 1.0795 – 1.0730.
Alternative scenario: Breakout of the level of 1.0887 will enable the pair to continue the rise up to the level of 1.10.
Analysis: Presumably, the formation of the downward correction in the fourth wave с of 4 continues. Locally it is likely that the third wave (iii) of c is being formed. If this assumption is correct, and the price does not break down the critical level of 1.0887, the pair will continue to decline to the levels of 1.0795 – 1.0730.
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