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.

EURUSD Wave analysis and forecast for 19.05 – 26.05

EURUSD 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 1.1079.

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 as the third wave of the junior level (iii) of iii of 3 is being developed. If this assumption is correct, the pair can continue to rise up to 1.1300 – 1.1350. Critical level for this scenario is 1.1079. After breaking down this level the pair can continue to decline to 1.1013, as part of the downward correction.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.1079 may trigger further decline in the pair up to 1.1013 as part of the correction.

Our opinion: Buy the pair from correction above the level of 1.1079 with the target of 1.1300 – 1.1350.

USDCAD Wave analysis and forecast for 12.05 – 19.05

USDCAD Wave analysis and forecast for 12.05 – 19.05

Wave analysis and forecast for 12.05 – 19.05: The pair is undergoing correction. The pair is likely to decline.

Estimated pivot point is at the level of 1.3772.

Analysis: Presumably, the formation of the upward correction continues in the wave волны с of B of the senior level. Locally, it is likely that the formation of the third wave (iii) of с has completed and the correction as the fourth wave (iv), as the plane abc is being developed. If this assumption is correct, the pair can continue to decline to the level of 1.3580. Critical level for this scenario is 1.3772. If the price breaks down this level, the rise can continue up to the level of 1.3900.

Alternative scenario: Breakout and consolidation of the price above the level of 1.3772 will trigger further rise in the pair up to 1.3900.

Our opinion: Sell the pair from correction below the level of 1.3772 with the target of 1.3580. In case of breakdown of the level of 1.3772, buy with the target of 1.3900.

USDJPY Wave analysis and forecast for 12.05 – 19.05

USDJPY Wave analysis and forecast for 12.05 – 19.05

Wave analysis and forecast for 12.05 – 19.05: The pair is likely to decline.

Estimated pivot point is at the level of 114.36.

Analysis: Presumably, the formation of the upward impetus as the first one-two (i) has completed in the wave C of the senior level. Locally, it is likely that the downward correction as the wave ii of C is being developed. If this assumption is correct, the pair can continue to decline to 111.20 – 110.50. Critical level for this scenario is 114.36.

Alternative scenario: Breakout and consolidation of the price above the level of 114.36 will trigger further rise in the pair up to 115.30.

Our opinion: Sell the pair from correction below the level of 114.36 with the target of 111.20 – 110.50.

USDCHF Wave analysis and forecast for 12.05 – 19.05

USDCHF Wave analysis and forecast for 12.05 – 19.05

Wave analysis and forecast for 12.05 – 19.05: The pair is likely to decline.

Estimated pivot point is at the level of 1.0097.

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 continues, within which the wave a of 2 as an impetus has formed and the downward correction of the junior level b of 2 is being developed. If this assumption is correct, the pair may decline to the level of 1.0004 – 0.9977. Critical level for this scenario is 1.0097.

Alternative scenario: Breakout and consolidation of the price above the level of 1.0097 will trigger rise in the pair up to 1.0146.

Our opinion: Sell the pair from correction below the level of 1.0097 with the target of 1.0004 – 0.9977.

GBPUSD Wave analysis and forecast for 12.05 – 19.05

GBPUSD Wave analysis and forecast for 12.05 – 19.05

Wave analysis and forecast for 12.05 – 19.05: Correction is ongoing.

Estimated pivot point is at the level of 1.2985.

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 local correction as the fourth wave (iv) is being developed taking a shape of the irregular plane. If this assumption is correct, the pair may decline to 1.2748 – 1.2670. Critical level for this scenario is 1.2985.

Alternative scenario: Breakdown and consolidation of the price above the level of 1.2985 will trigger further rise in the pair up to 1.3050 – 1.3150.

Our opinion: Sell the pair from correction below the level of 1.2985 with the target of 1.2748 – 1.2670.

EURUSD Wave analysis and forecast for 12.05 – 19.05

EURUSD Wave analysis and forecast for 12.05 – 19.05

Wave analysis and forecast for 12.05 – 19.05: Correction is ongoing. The pair is likely to decline.

Estimated pivot point is at the level of 1.0890.

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 downward correction of the junior level as the wave (ii) of iii of 3 is being developed, within which the pair may decline to the levels of 1.0792 – 1.0742. Critical level for this scenario is 1.0890. Breakdown of this level may trigger further rise in the pair up to 1.1022 – 1.1100.

Alternative scenario: Breakout and consolidation of the price above the level of 1.0890 may trigger further rise in the pair up to 1.1022 – 1.1100.

Our opinion: Sell the pair from correction below the level of 1.0890 with the target of 1.0792 – 1.0742.

Dr. Zia-al-Hassan (ForexGuru) Delivering Forex Training Lecture During Exness.Com Seminar In Islamabad

Dr. Zia-al-Hassan (ForexGuru) Delivering Forex Training Lecture During Exness.Com Seminar In Islamabad

On 29 April 2017 Exness.Com Held Seminar n Islamabad And The Exness Management Specially Invited Me To Deliver A Basic Forex Training Session To The Attendees. I Am Very Thankful To The Exness Media And Education Team And Specially I Am Grateful TO Sir Mr. Ali Farooq For Inviting Me And Giving Me This Opportunity. Below You Can Find Few Photos From The Seminar.

Photos Before Starting The Seminar. (Preparation Phase)

 

Dr. Zia-al-Hassan Delivering The Lecture To Attandees

 

Photos After Seminar. (Get Together & Photo Sessions)