Top Forex Brokers:Forex Wave analysis and forecast of 27.06 – 04.07.2014
EUR/USD: Wave analysis and forecast of 27.06 – 04.07: The pair is undergoing correction. The pair is likely to decline in the medium-term. Estimated pivot point is at the level of 1.3680.
Our opinion: Sell the pair from correction below the level of 1.3680 with the target of 1.34 – 1.33.
Alternative scenario: Breakout of the level of 1.3680 will allow the price to continue the growth up to the levels of 1.3750 – 1.38.
Analysis: Presumably, the formation of the local correction in the second wave, which took shape of the irregular plain, is nearing completion. Locally it is possible that the wave c of (ii) has been formed, and if this assumption is correct, the pair will continue to decline in the third wave. Critical level for this scenario is 1.3680. If this level is broken down the pair will continue to grow, and the correction will deepen to the level of 1.3750 – 1.38 in the second wave.
GBP/USD Wave analysis and forecast for 27.06 – 04.07: Ascending trend in the pair is nearing completion. It is likely that long-term decline in the pair will begin. Estimated pivot point is at the level of 1.6950.
Our opinion: In the short-term: Buy the pair from correction above the level of 1.6950 with the target of 1.7080. In the medium-term: wait for the completion of the fifth wave and the reversal and sell the pair with the target of 1.66 or lower.
Alternative scenario: Breakout and consolidation below the level of 1.6950 will enable the price to continue the decline to the levels of 1.67 – 1.66.
Analysis: Presumably, the formation of the ascending momentum in the fifth final wave of the senior level is nearing completion. At the moment, the fifth wave of the junior level is nearing completion. If this assumption is correct, the pair may decline in the long-term.
USD/CHF Wave analysis and forecast for 27.06 – 04.07: The pair is undergoing correction. A chance of growth in the pair remains. Estimated pivot point is at the level of 0.8906.
Our opinion: Buy the pair above the level of 0.8906 with the target of 0.9150 – 0.9200.
Alternative scenario: Breakout of the level of 0.8906 will enable the pair to continue the decline to the levels of 0.8850 – 0.88.
Analysis: Presumably, the formation of the local correction as the second wave is nearing completion. Locally, it is not excluded that the formation of the wave (c) of ii has completed. If this assumption is correct, the pair will continue to grow in the third wave. As an alternative scenario: if the pair breaks down the critical level of 0.8906, the correction in the second wave may continue up to the levels of 0.8850 – 0.88.
USD/JPY Wave analysis and forecast for 27.06 – 04.07: The pair is likely to decline.
Estimated pivot point is at the level of 102.19.
Our opinion: Sell the pair from correction below the level of 102.19 with the target 100.80 – 100.0.
Alternative scenario: Violation of handle 102,19 will let a cuurence pair continue to grow up to handle 103,0.
Analysis: A breakout of the level 102.19 will let the pair grow up to the level 103.0 Admittedly, the formation of the last ABC zigzag wave under daily timeframe is continuing. Locally, there is a formation of the fifth wave, under which the (a),(b),(c) zigzag is forming. If the statement is true, the pair will fall near the level 100.0. The level 102.19 is critical for this scenario.
USD/CAD Wave analysis and forecast for 27.06 – 04.07: Correction has completed. The pair is likely to grow. Estimated pivot point is at the level of 1.0750.
Our opinion: Buy the pair above the level of 1.0750 with the target of 1.09 – 1.10.
Alternative scenario: The pair will continue to decline to the levels of 1.06 – 1.05.
Analysis: Presumably, the formation of the downward correction in the fourth wave с of 4 is nearing completion. Locally, downward momentum in the wave с of 4 is nearing completion. If this assumption is correct, in the near future the pair may reverse and start to grow in the fifth wave of the senior level.
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