Best Forex Brokers – – forex wave analysis and forecast of 18.09 – 25.09.2015
EUR/USD Wave analysis and forecast of 18.09 – 25.09: In the medium-term the pair is likely to grow.
Estimated pivot point is at a level of 1.1080.
Our opinion: Buy the pair from correction above the level of 1.1080 with the target of 1.1850 – 1.20.
Alternative scenario: Breakout of the level of 1.1080 and consolidation below this level will trigger further decline to 1.10 – 1.09 in the second wave.
Analysis: Presumably, the formation of the bearish correction as the second wave ii has completed in the third wave of the senior level. Locally, it is likely that the formation of the first one-two wave of the junior level (i) of iii of 3 is nearing completion. If this assumption is correct, after the local correction (ii) the pair will continue to rise to the levels of 1.1850 – 1.20. Critical level for this scenario is 1.1080. Breakout of this level will enable the price to go down to the levels of 1.10 – 1.09 within the second wave ii of 3.
GBP/USD Wave analysis and forecast of 18.09 – 25.09: The pair is likely to grow.
Estimated pivot point is at a level of 1.5327.
Our opinion: Buy the pair from correction above the level of 1.5327 with the target of 1.5822 – 1.59.
Alternative scenario: Breakout and consolidation of the price below the level of 1.5327 allow the pair to continue to decline to the level of 1.52 – 1.51.
Analysis: Presumably, he formation of the senior level correction has completed in the wave X, which currently has a shape of a plane. Locally, it seems that the wave Y is being formed, within which one-two wave (i) has been formed in the shape of the wedge and correction (ii), as well as the third wave (iii) of a of Y. If this assumption is correct and the price does not break down the critical level of 1.5327, the pair will continue to rise up to 1.58.
USD/CHF Wave analysis and forecast for 18.09 – 25.09: The pair is likely to decline.
Estimated pivot point is at a level of 0.9824.
Our opinion: Sell the pair from correction below the level of 0.9824 with the target of 0.9130 – 0.9050. In case of breakdown of the level of 0.9824, buy the pair with the target of 1.0 – 1.10.
Alternative scenario: Breakout and consolidation of the price above the level of 0.9824 will enable the pair to rise up to 1.0 – 1.10.
Analysis: Presumably, the formation of the wave C continues in the second 2 wave of the senior level. Locally, it seems that the correction as the second wave (ii) of the junior level, which has a shape of a zigzag, has completed. If this assumption is correct, the pair will continue to decline to the levels of 0.9130 – 0.9050 in the third wave (iii) of the estimated diagonal in the wave C. предполагаемой диагонали в волне С. Critical level for this scenario is the local high of 0.9824.
USD/JPY Wave analysis and forecast of 18.09 – 25.09: Correction has completed; the pair is likely to decline.
Estimated pivot point is at a level of 121.00.
Our opinion: Sell the pair from correction below the level of 121.00 with the target of 115.00 – 114.00.
Alternative scenario: Breakout and consolidation of the price above the level of 121.00 will allow the pair to continue growth up to 123.00 – 124.00.
Analysis: Presumably, the formation of the large “bearish” correction as the fourth wave (4), continues. Locally, it seems that the first wave A of (4) is being formed, in which the correction as the wave b of A (which has a shape of a triangle), has completed. If this assumption is correct, the pair will continue to decline to the levels of 115.00 – 114.00 in the wave c of A. Critical level for this scenario is 121.00.
USD/СAD Wave analysis and forecast of for 18.09 – 25.09: The pair is likely to decline.
Estimated pivot point is at a level of 1.3320.
Our opinion: Sell the pair from correction below the level of 1.3320 with the target of 1.2935 – 1.28.
Alternative scenario: Breakout and consolidation of the price above the level of 1.3320 will allow the pair to continue growth up to 1.35.
Analysis: Presumably, the formation of the upward impetus in the third wave of the senior level (3) has completed. Locally it is likely that the development of the downward correction as the fourth wave (4) has begun. If this assumption is correct, it is likely that the pair will continue to decline to the levels of 1.2935 – 1.2470. Critical level for this scenario is 1.3320. Breakdown of this level will enable the pair to continue growth to the level of 1.35.
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The analytical materials are provided by Aleksander Geuta, a trader and analyst of LiteForex |
