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Forex trading Analysis Report 0731

2015-08-05 11:21:10 / 个人分类:Forex

EUR/USD Wave analysis and forecast of 24.07 – 31.07: The pair is likely to rise.

Estimated pivot point is at a level of 1.0864.

Our opinion: Buy the pair from correction above the level of 1.0864 with the target of 1.1220 – 1.1435. 


Alternative scenario: Breakout of the level of 1.0864 and consolidation below this level will enable the price to continue decline to the level of 1.07.

Analysis: Presumably, the formation of the “bearish” correction of the senior level has completed in the wave 2, which currently has a shape of a zigzag. Locally, it seems that a small one-two impetus has been developed. If this assumption proves to be correct, after the completion of the correction the pair will continue to rise to the levels of 1.12 – 1.14. Critical level for this scenario is 1.0864. Breakdown of this level will enable the pair to continue decline to the level of 1.07.
EURUSD H1 

EURUSD H4 

GBP/USD Wave analysis and forecast of 24.07 – 31.07: The pair is likely to grow.

Estimated pivot point is at a level of 1.5328.

Our opinion: Buy the pair above the level of 1.5328 with the target of 1.58 – 1.63.

Alternative scenario: Breakout and consolidation of the price below the level of 1.5328 will enable the price to continue decline to the level of 1.50. 

Analysis: Presumably, the wave С of 2 continues to develop as part of the upward “bullish” correction of the senior level. At the moment, it seems that the wave iii of C is being formed, within which the one-two wedge as the wave (i) of iii has developed, and the wave (ii) is nearing completion. If this assumption is correct and the price does not break down the critical level of 1.5328, the pair will continue to grow to the level of 1.63 in the third wave.
GPBUSD H1 

GPBUSD H4 

USD/CHF Wave analysis and forecast for 24.07 – 31.07: Uptrend continues.

Estimated pivot point is at a level of 0.9519.

Our opinion: Buy the pair from the correction above the level of 0.9519 with the target of 0.9840. In case of breakdown of the level of 0.9519, sell the pair with the target of 0.93.

Alternative scenario: Breakout and consolidation of the price below the level of 0.9519 will trigger the decline in the pair to the level of 0.93.

Analysis: Presumably, the formation of the third wave of the senior level 3 continues. Within this wave the third wave (iii) of 3 is being formed. Locally, it seems as if the correction as the fourth wave iv of (iii) has completed and the price is likely to rise up to 0.9840. Critical level for this scenario is 0.9519.
USDCHF H1

USDCHF H4 

USD/JPY Wave analysis and forecast of 24.07 – 31.07: Local correction is being formed.

Estimated pivot point is at a level of 124.50.

Our opinion: Sell the pair below the level of 124.50 with the target of 122.80 – 122.40. In case of breakdown of the level of 124.50, buy the pair with the target of 126.50.

Alternative scenario: Breakout and consolidation of the price above the level of 124.50 will enable the price to continue to rise up to 126.50, as part of the upward trend.

Analysis: Presumably, the formation of the one-two impetus as the first wave (i) has completed in the third wave iii of 5 of the senior level. Locally, the local correction is being developed to the levels 38 - 50%, 122.85 – 122.40. Critical level for this scenario is 124.50.
USDJPY H1

USDJPY H4

USD/СAD Wave analysis and forecast of for 24.07 – 31.07: Upward trend continues; correction is possible.

Estimated pivot point is at a level of 1.2912.

Our opinion: Buy the pair from the correction above the level of 1.2912 with the target of 1.33. In case of breakdown of the level of 1.2912, sell the pair with the target of 1.2674.

Alternative scenario: Breakout and consolidation of the price below the level of 1.2912 will enable the pair to continue to decline to 1.2674.

Analysis: Presumably, the formation of the third wave iii of 5 of the senior level has completed. Locally it is likely that the “bullish” impetus in the fifth wave of the junior level (v) of iii is nearing completion. If this assumption is correct, after the breakdown of the level 1.2912, the correction as the fourth wave of the senior level will evolve. At the moment, it is possible that the pair will continue to grow and the extension in the third wave will develop.



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