USD/СAD Wave analysis and forecast for 12.01 – 19.01

USD/СAD Wave analysis and forecast for 12.01 – 19.01

Estimated pivot point is at a level of 1.2353.

Main scenario: long positions will be relevant from corrections above the level of 1.2353 with a target of 1.2920.

Alternative scenario:breakout and consolidation below the level of 1.2353 will allow the pair to continue declining to a level of 1.2057.

Analysis: Supposedly, a correction stopped developing within the 4-hour time frame, reaching a retracement level of 62% in the form of the wave 2 of (5) of senior level currently shaped like a plane. Apparently, the third wave 3 of senior level started forming now, with a counter-trend impetus of junior level developing inside. If the presumption is correct, the pair will logically continue to rise to a level of 1.2920. The level of 1.2353 is critical in this scenario as the breakout will enable the pair to continue declining to the level of 1.2057.

USD/CHF Wave analysis and forecast for 12.01 – 19.01

USD/CHF Wave analysis and forecast for 12.01 – 19.01

Estimated pivot point is at a level of 0.9843.

Main scenario: short positions will be relevant below the level of 0.9843 with a target of 0.9655.

Alternative scenario:Breakdown and consolidation above the level of 0.9843 will allow the pair to continue the rise up to the levels of 0.9915 – 0.9983.

Analysis: Supposedly, a descending correction of senior level in the form of the wave B continues to form within the 4-hour time frame. Apparently, the wave (c) of ii is developing at the moment, with the wave (v) of c forming inside. If this assumption is correct, the pair will go on dropping to the level of  0.9655. The level 0.9843 is critical in this scenario.

EUR/USD Wave analysis and forecast for 12.01 – 19.01

EUR/USD Wave analysis and forecast for 12.01 – 19.01

Estimated pivot point is at a level of 1.1917.

Main scenario: long positions will be relevant from corrections above the level of 1.1917 with a target of 1.2230 – 1.2300.

Alternative scenario:Breakout and consolidation below the level of 1.1917 will allow the pair to continue declining to the levels of 1.1718 – 1.1556.

Analysis: Supposedly, the fifth wave 5 continues forming  as a diagonal triangle within the first wave 1 of senior level within the 4-hour time frame. Apparently, a downward correction in a form of wave iv of 5 has finished locally and the final fifth wave v of 5 has started forming. If the presumption is correct, the pair will continue to rise to levels 1.2230 – 1.2300. The level 1.1917 is critical in this scenario.

 

GBP/USD Wave analysis and forecast for 12.01 – 19.01

GBP/USD Wave analysis and forecast for 12.01 – 19.01

Estimated pivot point is at a level of 1.3457.

Main scenario: long positions will be relevant from corrections above the level of 1.3457 with a target of 1.3657 – 1.3700.

Alternative scenario: Breakout and consolidation below the level of 1.3457 will allow the pair to continue declining to the levels of 1.3327 – 1.3298.

Analysis: The fifth wave 5 of (1) of senior level is supposed to continue forming within the 4-hour time frame. Apparently, the wave v of 5 of junior level is forming locally, with a correction in the form of the wave (iv) of v finished inside If the presumption is correct, the pair will continue to rise to the levels 1.3657 – 1.3700 within the wave (v) of v. The level 1.3457 is critical in this scenario.

USD/JPY Wave analysis and forecast for 12.01 – 19.01

USD/JPY Wave analysis and forecast for 12.01 – 19.01

Estimated pivot point is at a level of 111.87.

Main scenario: short positions will be relevant from corrections below the level of 111.87 with a target of 110.13.

Alternative scenario:breakout and consolidation above the level of  111.87 will allow the pair to continue rising to a level of 113.40.

Analysis: Supposedly, a descending correction in the form of the wave 2 of senior level continues developing within the 4-hour time frame. Apparently, the wave c of 2 is now developing locally. If this assumption is correct, the pair will continue to  drop to 110.13. The level 111.87 may be critical in this scenario.

USD/CHF wave analysis and forecast for 05.01 – 12.01

USD/CHF wave analysis and forecast for 05.01 – 12.01

Estimated pivot point is at a level of  0.9800.

Main scenario: short positions will be relevant below level 0.9800 with a target of 0.9610.

Alternative scenario:  breakout and consolidation above level  0.9800 will allow the pair to continue rising to the level of 0.9915.

Analysis: supposedly a descending correction in the form of wave (B) of senior level continues developing within 4-hour timeframe. Apparently, bullish momentum continues developing is in the form of wave (c) of ii, wave (v) of c started formation inside. If the presumption is correct, the pair may continue declining to the levels 0.9655 – 0.9610. The level 0.9800 is critical in this scenario.

USD/СAD wave analysis and forecast for 05.01 – 12.01

USD/СAD wave analysis and forecast for 05.01 – 12.01

Estimated pivot point is at a level of  1.2465. 

Main scenario: long positions will be relevant from corrections above the level of 1.2465 with a target of 1.2792 – 1.2920

Alternative scenario:  breakout and consolidation below level 0.9800 will allow the pair to continue declining to the level of 1.2390.

Analysis: supposedly, the correction has completed within 4-hour timeframe in the form of wave (2) of 5 of senior level, currently shaped like a plane, and reached the correctional level of 50%.  Apparently, the price is starting to reverse. If the presumption is correct, it is reasonable to expect the pair rise to the levels of 1.2792 – 1.2920. The level 1.2390 is critical in this scenario. The pair will continue declining, having outbroken this level.

GBP/USD wave analysis and forecast for 05.01 – 12.01

GBP/USD wave analysis and forecast for 05.01 – 12.01

Estimated pivot point is at a level of 1.3494.  

Main scenario: long positions will be relevant from corrections above the level of 1.3494 with a target of 1.3657 – 1.3700.

Alternative scenario:  breakout and consolidation below level 1.3494 will allow the pair to continue drop to the level of 1.3296.

Analysis: supposedly, the fifth wave 5 of (1) of senior level continues developing within 4-hour timeframe. Apparently, the wave v of 5 of junior level is forming locally, the pair is likely to continue rise to the levels of 1.3657 – 1.3700 inside. If the presumption is correct, the pair the pair will continue to drop to the levels of 1.3657 – 1.3700 inside The level 1.3494.  is critical in this scenario.

EUR/USD wave analysis and forecast for 05.01 – 12.01

EUR/USD wave analysis and forecast for 05.01 – 12.01

Estimated pivot point is at a level of 1.2090. 

Main scenario: short positions will be relevant from corrections below the level of 1.2090  with a target of 1.1947 – 1.1903.

Alternative scenario:  breakout and consolidation above level 1.2090  will allow the pair to continue rise to the level of 1.2230.

Analysis: supposedly, the fifth wave 5 in the form of diagonal triangle continues forming inside the first wave 1 of senior level within 4-hour timeframe. Apparently, the third wave iii of 5 has completed forming and wave iv of 5 is starting to form. If the presumption is correct, the pair will continue to drop to the levels of 1.1947 – 1.1903. The level 1.2090 is critical in this scenario.

USD/JPY wave analysis and forecast for 05.01 – 12.01

USD/JPY wave analysis and forecast for 05.01 – 12.01

Estimated pivot point is at a level of 112.03. 

Main scenario: long positions will be relevant from corrections above the level of 112.03  with a target of 114.73.

Alternative scenario:  breakout and consolidation below level 112.03  will allow the pair to continue drop to the level of 1.3296.

Analysis: supposedly, wave (С) of senior level continues developing within 4-hour timeframe. Wave 3 of C started forming inside it. Apparently, the descending correction in the form ii of 3 has completed, and wave iii of 3 has started forming. If the presumption is correct, the pair will continue rising to the level of 114.73. The level 112.03 is critical in this scenario.