EURUSD Wave analysis and forecast for 26.05 – 02.06

EURUSD Wave analysis and forecast for 26.05 – 02.06

Wave analysis and forecast for 26.05 – 02.06: Uptrend continues.

Estimated pivot point is at the level of 1.1164.

Analysis: Presumably, the formation of the third wave of the senior level iii of 3 continues on the four-hour timeframe. At the moment, it seems that the upward impetus is being developed as the third wave of the junior level (iii) of iii of 3, which can rise up to the levels of 1.1300 – 1.1350. Critical level for this scenario is 1.1164.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.1164 may trigger further decline in the pair up to 1.1070 as part of the correction.

Our opinion: Buy the pair from correction above the level of 1.1164 with the target of 1.1300 – 1.1350.

GBPUSD Wave analysis and forecast for 26.05 – 02.06

GBPUSD Wave analysis and forecast for 26.05 – 02.06

Wave analysis and forecast for 26.05 – 02.06: The pair is likely to decline.

Estimated pivot point is at the level of 1.3014.

Analysis: Presumably, the formation of the upward correction in the wave c of 4 of the senior level has completed. At the moment, it is likely that the formation of the fifth wave (5) has started, within which the first one-two wave (i) is being developed. If this assumption is correct, the pair will continue to decline to the levels of 1.2748 – 1.2670. Critical level for this scenario is 1.3014.

Alternative scenario: Breakdown and consolidation of the price above the level of 1.3014 will trigger further rise in the pair up to 1.3100 – 1.3200.

Our opinion: Sell the pair from correction below the level of 1.3014 with the target of 1.2748 – 1.2670. After breakdown of the level of 1.3014, buy with the target of 1.3100 – 1.3200.

USDCHF Wave analysis and forecast for 26.05 – 02.06

USDCHF Wave analysis and forecast for 26.05 – 02.06

Wave analysis and forecast for 26.05 – 02.06: The pair is experiencing correction.

Estimated pivot point is at the level of 0.9690.

Analysis: Presumably, on the four-hour timeframe the formation of the downtrend continues in the third wave 3 of the senior level. Locally it seems that the development of the downward impetus as the third wave of the junior level (iii) of iii of 3 has completed and the upward correction (iv) of iii is being developed. If this assumption is correct, the pair can rise up to the level of 0.9784 – 0.9844 as part of the correction. Critical level for this scenario is 0.9690.

Alternative scenario: Breakout and consolidation of the price below the level of 0.9690 will trigger decline in the pair to 0.9622.

Our opinion: Buy the pair from correction above the level of 0.9690 with the target of 0.9784 – 0.9844. After breaking down level of 0.9690, sell with the target of 0.9622.

USDJPY Wave analysis and forecast for 26.05 – 02.06

USDJPY Wave analysis and forecast for 26.05 – 02.06

Wave analysis and forecast for 26.05 – 02.06: The pair is likely to decline.

Estimated pivot point is at the level of 111.96.

Analysis: Presumably, the formation of the downward correction continues as the wave ii in the wave C of the senior level. Locally, it is likely that the upward correction has completed as the wave (b) of ii of C and the wave (c) is being developed. If this assumption is correct, the pair can continue to decline to 110.25 – 109.40. Critical level for this scenario is 111.96.

Alternative scenario: Breakout and consolidation of the price above the level of 111.96 will trigger further rise in the pair up to 112.80.

Our opinion: Sell the pair from correction below the level of 111.96 with the target of 110.25 – 109.40.

USDCAD Wave analysis and forecast for 26.05 – 02.06

Wave analysis and forecast for 26.05 – 02.06: Correction has completed. The pair is likely to rise.

Estimated pivot point is at the level of 1.3387.

Analysis: Presumably, uptrend continues on the four-hour chart as the wave с of B of the senior level. Locally, it is likely that the downward correction as the fourth wave (iv) has completed and the one-two impetus of the junior level has been formed within the supposed firth wave (v). If this assumption is correct, the pair can continue to rise to the level of 1.3668 – 1.3800. Critical level for this scenario is 1.3387. Breakout of this level will trigger further decline to 1.3300.

Alternative scenario: Breakout and consolidation of the price below the level of 1.3387 will trigger further decline in price to 1.3300.

Our opinion: Buy the pair from correction above the level of 1.3387 with the target of 1.3668. In case of breakdown of the level of 1.3387, sell with the target of 1.3300.

USDCAD Wave analysis and forecast for 19.05 – 26.05

USDCAD Wave analysis and forecast for 19.05 – 26.05

Wave analysis and forecast for 19.05 – 26.05: Сorrection continues. The pair is likely to decline.

Estimated pivot point is at the level of 1.3665.

Analysis: Presumably, upward continues in the wave с of B of the senior level. Locally, it is likely that the downward correction is being formed as the fourth wave (iv), within which the wave с of (iv) of the zogzag abc is being developed. If this assumption is correct, the pair can continue to decline to the level of 1.3504. Critical level for this scenario is 1.3665. If the price breaks down this level, the rise can continue up to the level of 1.3800.

Alternative scenario: Breakout and consolidation of the price above the level of 1.3668 will trigger further rise in the pair up to 1.3800.

Our opinion: Sell the pair from correction below the level of 1.3665 with the target of 1.3504. In case of breakdown of the level of 1.3665, buy with the target of 1.3800.

USDJPY Wave analysis and forecast for 19.05 – 26.05

USDJPY Wave analysis and forecast for 19.05 – 26.05

Wave analysis and forecast for 19.05 – 26.05: The pair is likely to rise.

Estimated pivot point is at the level of 110.25.

Analysis: Presumably, the formation of the downward correction as the wave ii in the wave C of the senior level is being developed. Locally, it is likely that the downward impetus as the wave (a) of ii of C has completed. If this assumption is correct, the pair can continue to rise up to 112.30 – 112.80 within correction. Critical level for this scenario is 110.25.

Alternative scenario: Breakout and consolidation of the price below the level of 110.25 will trigger further decline in the pair to 109.40.

Our opinion: Buy the pair from correction above the level of 110.25 with the target of 112.30 – 112.80.

GBPUSD Wave analysis and forecast for 19.05 – 26.05

GBPUSD Wave analysis and forecast for 19.05 – 26.05

Wave analysis and forecast for 19.05 – 26.05: Uptrend continues.

Estimated pivot point is at the level of 1.2842.

Analysis: Presumably, the formation of the upward correction as the wave 4 of the senior level continues, within which the wave c of 4 is being developed. At the moment, it is likely that the fifth final wave (v) is being developed, within which the pair can rise up to 1.3100 – 1.3150. Critical level for this scenario is 1.2842.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.2842 will trigger further decline in the pair to 1.2748.

Our opinion: Buy the pair from correction above the level of 1.2842 with the target of 1.3100 – 1.3150.

USDCHF Wave analysis and forecast for 19.05 – 26.05

USDCHF Wave analysis and forecast for 19.05 – 26.05

Wave analysis and forecast for 19.05 – 26.05: The pair is likely to rise.

Estimated pivot point is at the level of 0.9754.

Analysis: Presumably, the formation of the downward wedge as the first wave 1 has completed in the four-hour timeframe. Locally it seems that the development of the upward correction as the wave 2 has begun, within which a minor one-two impetus i of (a) has been formed. If this assumption is correct, the pair can rise up to the level of 0.9960. Critical level for this scenario is 0.9754.

Alternative scenario: Breakout and consolidation of the price below the level of 0.9754 will trigger decline in the pair to 0.9600 – 0.9500.

Our opinion: Buy the pair from correction above the level of 0.9754 with the target of 0.9960.