Best Forex Brokers:Forex Wave analysis and forecast of 23.05 – 30.05.2014

Best Forex Brokers:Forex Wave analysis and forecast of 23.05 – 30.05.2014

Keywords:Forex Analysis,Forex Trading Strategy,Forex Strategy,Wave Analysis,Forecast

EUR/USD: Wave analysis and forex forecast of 23.05 – 30.05: Downtrend will continue. Estimated pivot point is at the level of 1.3993.

Our opinion: In the short-term: buy the pair above the level of 1.3630 with the target of 1.3770 – 1.38. In the medium-term: sell the pair from correction with the target of 1.35 – 1.3477.

Alternative scenario: Breakout of the level of 1.3993 will enable the price to continue growth to the level of 1.41.

Analysis: Presumably, the formation of the in-lead momentum as the first wave has completed. Locally, the pair may experience upward correction in the second wave to the level of 1.3770, which may take a shape of irregular plain. If this assumption is correct, following the completion of the local correction, the pair will continue to decline to the levels of 1.35 – 1.3470. Critical level for this scenario is 1.3993.
EURUSD H4

EURUSD Dayli

GBP/USD Wave analysis and forecast for 23.05 – 30.05: The pair is likely to decline. Estimated pivot point is at the level of 1.6995.

Our opinion: Sell the pair below the level of 1.6995 with the target of 1.6650.

Alternative scenario: Breakout and consolidation above the level of 1.6995 will enable the price to continue the rise up to the level of 1.71.

Analysis: Presumably, the formation of the upward correction in the second wave has completed. Currently, the wave has a shape of a zigzag. Locally, it is not excluded that the decline in the third wave has started. If this assumption is correct, it makes sense to expect that in the near future the pair will fall to the level of 1.6650. Critical level for this scenario is 1.6995.
GPBUSD H4

GPBUSD Daily

USD/CHF Wave analysis and forecast for 23.05 – 30.05: The pair is likely to rise. Estimated pivot point is at the level of 0.8895.

Our opinion: Buy the pair above the level of 0.8895 with the target of 0.91 – 0.92.

Alternative scenario: Breakout of the level of 0.8895 will allow the pair to continue decline within correction to the level of 0.88.

Analysis: Presumably, the formation of the fifth wave, which took a shape of a diagonal triangle within the daily timeframe, has completed. Locally, it is not excluded that the price has formed the first and the second waves. If this assumption is correct, it makes sense to expect that growth will continue up to 0.91 – 092. In case of breakdown of the level of 0.8895, the pair will continue downward correction in the second wave up to the level of 0.88.
USDCHF H1

USDCHF Daily

USD/JPY Wave analysis and forecast for 23.05 – 30.05: The pair is likely to decline. Estimated pivot point is at the level of 102.36.

Our opinion: Sell the pair below the level of 102.36 with the target of 100.0 – 99.0.

Alternative scenario: Breakout of the level of 102.36 will enable the rise in the pair up to the levels of 104.0 – 105.0.

Analysis: Presumably, the formation of the third wave continues. Within this wave extension of the impetus may take place. Locally, it is assumed that the formation of the first and second wave of the junior level has completed. If this assumption is correct, the pair will continue to fall to the level of 100.0. Critical level for this scenario is 102.36.
USDJPY H4

USDJPY Daily

USD/CAD Wave analysis and forecast for 23.05 – 30.05: The pair is likely to grow. Estimated pivot point is at the level of 1.0848.

Our opinion: Buy the pair above the level of 1.0848 with the target of 1.1030 – 1.11.

Alternative scenario: Breakout of the level of 1.0848 will enable the pair to continue decline to the level of 1.0730.

Analysis:Presumably, the formation of the downward correction as the fourth wave has completed. Locally, the first wave in the fifth wave of the senior level is being formed. If this assumption is correct, and the price does not break down the critical level of 1.0848, the pair is likely to grow.
USDCAD H4

USDCAD Dayli To Get More Brokers info:http://www.topforexbrokerscomparison.com

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