EUR/USD Wave analysis and forecast for 22.12 – 29.12

Estimated pivot point is at a level of 1.1901.

Main scenario: short positions will be relevant from corrections below the level of 1.1901 with a target of 1.1735 – 1.1650.

Alternative scenario: Breakout and consolidation above the level of  1.1901 will allow the pair to continue rising to a level of 1.1970 and higher.

Analysis: Supposedly, a descending correction in the form of the wave (2) continues developing in the 4-hour time frame, with an ascending correction in the form of the wave B completed and the wave C developing inside. Apparently, the first wave of junior level  i of C has been formed and the ascending correction in the form of the wave ii of C has finished locally. If the assumption is correct, the pair may be expected to continue falling to the level of 1.1735 – 1.1650. The level 1.1901 is critical in this scenario.

USD/CHF Wave analysis and forecast for 22.12 – 29.12

Estimated pivot point is at a level of 0.9828.

Main scenario: long positions will be relevant from corrections above the level of 0.9828 with a target of 0.9977 – 1.0036.

Alternative scenario: breakout and consolidation below the level of 0.0.9828 will allow the pair to continue declining to a level of  0.9734.

Analysis: supposedly, an ascending correction in the form of the wave (2) of senior level continues developing within the 4-hour time frame. Apparently, the first wave  С of (2) is forming locally, with the downward correction of junior level i of C completed in the form of the wave ii of C inside. If the presumption is correct, the pair may continue rising to the levels of 0.9977 – 1.0036. The level 0.9837 is critical in this scenario.

USD/JPY Wave analysis and forecast for 22.12 – 29.12

Estimated pivot point is at a level of 112.02.

Main scenario: long positions will be relevant above the level of 112.02 with a target of 114.73 – 115.77.

Alternative scenario: Breakout and consolidation below the level of 112.02 will allow the pair to continue declining to a level of 110.84.

Analysis: Supposedly, the wave C of senior level continues to develop in the 4-hour time frame, with the wave 3 of C forming inside. Apparently, the third wave of junior level  iii of 3 has started developing, with a counter-trend impetus (i) forming inside. If the presumption is correct, the pair will continue to rise to the levels of 114.73 – 115.77. The level 112.02 may be critical in this scenario.

USD/СAD Wave analysis and forecast for 22.12 – 29.12

Estimated pivot point is at a level of 1.2915.

Main scenario: short positions will be relevant from corrections below the level of 1.2915 with a target of 1.2590 – 1.2488.

Alternative scenario: breakout and consolidation above the level of  1.2915 will allow the pair to continue rising to a level of 1.3100.

Analysis: Supposedly, a correction continues to develop within the 4-hour time frame in the form of the wave 2 of (5) currently shaped like a plane. Apparently, the wave b of 2 has finished forming as an expanding horizontal triangle and a wave c of 2 has started developing, with an impetus in the form of a wave (i) of junior level forming inside.  If the presumption is correct, the pair will continue to drop to the levels 1.2590 – 1.2488. The level 1.2915 is critical in this scenario.

GBP/USD Wave analysis and forecast for 22.12 – 29.12

Estimated pivot point is at a level of 1.3543.

Main scenario: short positions will be relevant from corrections below the level of 1.3543 with a target of 1.3218 – 1.3030.

Alternative scenario: Breakout and consolidation above the level of 1.3543 will allow the pair to continue rising to a level of 1.3657.

Analysis: Supposedly, an ascending correction in the form of the wave В of (2) of senior level has stopped forming within the 4-hour time frame. Apparently, the wave C of (2) has started developing locally, with the wedge-shaped wave i of C formed and an ascending correction in the form of the wave ii of C developing inside. If the assumption is correct, the pair will continue falling to the levels 1.3218 – 1.3030 once the correction is over. The level 1.3543 is critical in this scenario.

ForexGuru.PK USD/СAD Wave analysis and forecast for 08.12 – 15.12

Estimated pivot point is at a level of 1.2908.

Main scenario: short positions will be relevant below the level of 1.2908 with a target of 1.2577.

Alternative scenario: breakout and consolidation above the level of 1.2908 will allow the pair to continue rising to a level of 1.3000.

Analysis: supposedly, a descending correction continues to develop within the 4-hour time frame in the form of the wave 2 of (5). Apparently, an upward correction of junior level in the form of the fourth wave iv of C has finished forming locally. If the assumption is correct, the pair will continue falling to the levels of 1.2577. The level 1.2908 is critical in this scenario.

ForexGuru.PK USDCHF: Wave analysis and forecast for 08.12 – 15.12

Estimated pivot point is at a level of 0.9862.

Main scenario: long positions will be relevant from corrections above the level of 0.9862 with a target of 1.0035.

Alternative scenario: breakout and consolidation below the level of 0.9862 will allow the pair to continue declining to a level of 0.9765.

Analysis: upposedly, an ascending correction in the form of the wave (2) of senior level continues developing within the 4-hour time frame. Apparently, the first wave С of (2) is forming locally, with the first wave of junior level i of C developing inside. If the presumption is correct, the pair may be expected to continue rising to the level of 1.0035. The level 0.9862 is critical in this scenario.

ForexGuru.Pk EUR/USD: Wave analysis and forecast for 08.12 – 15.12

Estimated pivot point is at a level of 1.1813.

Main scenario: short positions will be relevant from corrections below the level of 1.1813 with a target of 1.1650.

Alternative scenario: breakout and consolidation above the level of 1.1813 will allow the pair to continue rising to a level of 1.1938.

Analysis: Supposedly, a descending correction in the form of the wave (2) continues developing in the 4-hour time frame, with an ascending correction in the form of the wave B completed and the wave C developing inside. Apparently, the first wave of junior level i of C is developing locally. If the assumption is correct, the pair may be expected to continue falling to the level of 1.1650. The level 1.1816 is critical in this scenario.

ForexGuru.PK GBP/USD Wave analysis and forecast for 08.12 – 15.12

Estimated pivot point is at a level of 1.3552.

Main scenario: short positions will be relevant below the level of 1.3552 with a target of 1.3218 – 1.3030.

Alternative scenario: Breakout and consolidation above the level of 1.3552 will allow the pair to continue rising to a level of 1.3657.

Analysis: Supposedly, an ascending correction in the form of the wave B of senior level has stopped forming within the 4-hour time frame. Apparently, the wave C has started developing locally, with the first wave of junior level i of C formed and the correction ii of C nearing completion inside. If the assumption is correct, the pair will continue falling to the levels 1.3218 – 1.3030. The level 1.3552 is critical in this scenario.