Best Forex Brokers – – forex wave analysis and forecast of 26.06 – 03.07.2015
EUR/USD Wave analysis and forecast of 26.06 – 03.07: The pair is likely to decline within correction.
Estimated pivot point is at a level of 1.1411.
Our opinion: Sell the pair from correction below the level of 1.1411 with the target of 1.08.
Alternative scenario: Breakout of the level of 1.1411 and consolidation above this level will enable the price to continue the rise up to 1.15 – 1.16.
Analysis: Presumably, formation of the fifth wave as the first wave of the senior level 1 has completed within the one-two wedge. At the moment, it is likely that the “bearish” correction is being developed to 1.08. Locally, the one-two impetus (i) has been formed and the correction as the wave (ii) is being developed. If this assumption is correct, after the completion of the correction the pair will continue to decline. Critical level for this scenario is 1.1411. Breakdown of this level will give chance to the pair to rise up to 1.15 – 1.16.
GBP/USD Wave analysis and forecast of 26.06 – 03.07: Uptrend prevails.
Estimated pivot point is at a level of 1.5660.
Our opinion: Buy the pair from correction above the level of 1.5660 with the target of 1.61 – 1.62. In case of breakdown of the level of 1.5660, sell with the target of 1.55 – 1.54.
Alternative scenario: Breakdown and consolidation of the price below the level of 1.5660 will enable the pair to continue decline to 1.55 – 1.54.
Analysis: Presumably, the “bullish” impetus continues to develop in the wave С of 2 of the senior level. At the moment, it seems that the third wave iii of С has been formed and the correction as the fourth wave iv of has completed. If this assumption is correct, and the price does not continue to decline to 1.5660, the pair can rise up to 1.60 – 1.6170 in the fifth wave.
USD/CHF Wave analysis and forecast for 26.06 – 03.07: The pair is likely to grow.
Estimated pivot point is at a level of 0.9140.
Our opinion: Buy the pair from correction above the level of 0.9140 with the target of 0.9840 – 1.00. In case of breakdown of the level of 0.9140 sell the pair with the target of 0.88.
Alternative scenario: Breakout and consolidation of the price below the level of 0.9140 will enable the pair to continue the decline to 0.88.
Analysis: Presumably, the formation of the correction as the wave 2, which has a shape of a zigzag, has completed on the daily chart. Locally, it seems that the third wave of the senior level 3 is being formed, within which one-tow impetus (i) of iii of 3 is being developed. If this assumption is correct and the price does not break down the critical level of 0.9140, it makes sense to expect that the pair will continue to rise up to 0.9840 – 1.01.
USD/JPY Wave analysis and forecast of 26.06 – 03.07: The pair is likely to decline.
Estimated pivot point is at a level of 124.38.
Our opinion: Sell the pair from correction below the level of 124.38 with the target of 120.35 – 119.00. In case of breakdown of the level of 124.38, buy the pair with the target of 126.00
Alternative scenario: Breakdown and consolidation of the price above the level of 124.38 will enable the pair to continue the rise up to 126.00 – 127.00.
Analysis: Presumably, the formation of the “bullish” correction as the wave ii, which took a shape of a plane (a)(b)(c), has completed. Locally, it is likely that the third wave iii will be developed. If this assumption is correct and the price does not break down the critical level of 124.40, the pair will continue to decline to 120.35 in the third wave iii.
USD/СAD Wave analysis and forecast of for 26.06 – 03.07: The pair is likely to grow.
Estimated pivot point is at a level of 1.2123.
Our opinion: Buy the pair from correction above the level of 1.2123 with the target of 1.2830. In case of breakdown of the level of 1.2123, sell the pair with the target of 1.20 – 1.18.
Alternative scenario: Breakout and consolidation of the price below the level of 1.2123 will trigger the decline in the pair to the levels of 1.20 – 1.18.
Analysis: Presumably, the formation of the “bearish” correction as the second wave ii, which has taken a shape of the zigzag, has completed. Locally, it seems that the third wave of the senior level has started to develop, within which the first one-two wave (i) of iii has been formed and the local correction as the wave (ii) is being developed. If this assumption is correct, after the completion of the correction the pair can continue to rise up to 1.28. Critical level for this scenario is 1.2123. Breakdown of this level will enable the pair to continue the decline to 1.20 – 1.18.
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The analytical materials are provided by Aleksander Geuta, a trader and analyst of LiteForex |
