Best Forex Brokers:Forex Wave analysis and forecast of 28.11–05.12.2014
EUR/USD Wave analysis and forecast of 28.11–05.12: The pair is likely to grow.
Estimated pivot point is at the level of 1.2360.
Our opinion: Buy the pair from correction above the level of 1.2360 with the target of 1.28 – 1.2850.
Alternative scenario: Breakout and consolidation of the price below the level of 1.2360 will enable the pair to continue the decline to the levels of 1.2300 – 1.2250.
Analysis: Presumably, the formation of the “bullish” correction continues in the wave 2 of the senior level. At the moment it seems that the first one-two wave of the junior level has formed in the third wave i of (iii) of a. Locally, small correction ii is being formed. If this assumption is correct and the price does not break down the critical level of 1.2360, the pair will continue to rise to the levels of 1.28 – 1.2850.
GBP/USD Wave analysis and forecast of 28.11 – 05.12: The pair is likely to rise within correction.
Estimated pivot point is at the level of 1.5622.
Our opinion: Buy the pair above the level of 1.5622 with the target of 1.5920 – 1.6150.
Alternative scenario: Breakout and consolidation of the price below the level of 1.5622 will enable the pair to continue decline to the level of 1.5550 – 1.5 in the bearish trend.
Analysis: Presumably, the formation of the “bearish” trend has completed on the daily timeframe. At the moment, it seems that the first wave of the supposed bullish correction is being formed, within which the initial diagonal triangle is likely to be formed. If this assumption is correct and the price does not break down the critical level of 1.5622, the pair will probably grow to the levels of 1.59 – 1.61.
USD/CHF Wave analysis and forecast of 28.11 – 05.12: The pair is likely to decline.
Estimated pivot point is at the level of 0.9725.
Our opinion: Sell the pair below the level of 0.9725 with the target of 0.9500 – 0.9350.
Alternative scenario: Breakout and consolidation of the price above of the level of 0.9725 will enable the rise in the pair up to the levels of 0.98 – 0.9850.
Analysis: The formation of the local correction as the second wave in the supposed “bearish” correction has completed. Locally, it seems that the third wave is being formed. If this assumption is correct and the price does not break down the critical level of 0.9725, it makes sense to expect that the pair will continue to decline to the levels of 0.95 – 0.9350.
USD/JPY Wave analysis and forecast of 28.11 – 05.12: Uptrend will continue.
Estimated pivot point is at the level of 117.18.
Our opinion: Buy the pair from correction above the level of 117.18 with the target of 119.45. In case of breakdown of the level of 117.18, sell the pair with the target of 115.50 – 114.0.
Alternative scenario: Breakout and consolidation of the price below the level of 117.18 will enable the pair to continue decline to the levels of 115.50 – 114.0.
Analysis: Currently, the pair is likely to grow. The wave pattern shows that the local correction as the wave (iv) of iii ahs probably completed and the final wave of the “bullish” impetus (v) of iii is being formed. If this assumption is correct and the price does not break down the critical level of 117.18, the pair may in the short-term go up to the level of 119.45.
USD/СAD Wave analysis and forecast of 28.11 – 05.12: The pair is likely to decline.
Estimated pivot point is at the level of 1.1464.
Our opinion: Sell the pair below the level of 1.1464 with the target of 1.1120.
Alternative scenario: Breakout and consolidation of the price above the level of 1.1464 will enable the pair to continue the rise up to the level of 1.1570.
Analysis: Presumably, the formation of the “bearish” correction in the fourth wave (4) of the senior level continues. Locally it seems that the formation of the local correction as the wave ii of A, which takes the shape of the irregular plane, is nearing completion. Within which the wave (c) of ii is being formed. If this assumption is correct and the price does not break down the critical level of 1.1464, after the completion of the correction the pair will continue to decline to the level of 1.1120.
