USD/СAD Wave analysis and forecast for 23.03 – 30.03

The pair is under correction

Estimated pivot point is at a level of 1.3124

Main scenario: short positions will be relevant from corrections below the level of 1.3124 with a target of 1.2690 – 1.2586.

Alternative scenario:breakout and consolidation above the level of 1.3124 will allow the pair to continue rising to a level of 1.3300.

Analysis: Supposedly, the third wave of senior level 3 of (5) continues to develop within the 4-hour time frame. Apparently, the first wave i of 3 has been formed as an impetus and a downward correction is developing now in the form of the wave ii of 3. If the presumption is correct, the pair will continue to drop to the levels 1.2690 – 1.2586. The level 1.3124 is critical in this scenario.

EUR/USD Wave analysis and forecast for 23.03 – 30.03

The pair is still likely to grow

Estimated pivot point is at a level of 1.2238.

Main scenario: long positions will be relevant from corrections above the level of 1.2238 with a target of 1.2560 – 1.2650.

Alternative scenario:breakout and consolidation below the level of 1.2238 will allow the pair to continue declining to a level of 1.1915.

Analysis: Supposedly, an ascending impetus continues to form inside the first wave of senior level (1) within the 4-hour time frame. Apparently, the fifth wave v of 5 is forming now, with a local correction of junior level (ii) of v completed and the wave (iii) of v starting to develop  inside. If the presumption is correct, the pair will continue to rise to levels 1.2560 – 1.2650. The level 1.2238 is critical in this scenario. Its breakout will allow the pair to continue declining to a level of 1.1915.

USD/CHF Wave analysis and forecast for 23.03 – 30.03

The pair is likely to fall

Estimated pivot point is at a level of  0.9569.

Main scenario: short positions will be relevant from corrections below the level of 0.9569 with a target of 0.9335 – 0.9180.

Alternative scenario:breakout and consolidation above the level of  0.9569 will allow the pair to continue rising to a level of 0.9710.

Analysis: supposedly, an ascending correction in the form of the wave 2 of (3) of senior level has stopped developing within the 4-hour time frame. Apparently, the third wave  3 of (3) started forming now, with the first wave of junior level (i) forming inside. If the presumption is correct, the pair will logically drop to the  levels 0.9335 – 0.9180. The level 0.9569 is critical in this scenario.

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USD/JPY Wave analysis and forecast for 09.03 – 16.03

The pair is expected to grow

Estimated pivot point is at a level of 105.40.

Main scenario: long positions will be relevant from corrections above the level of 105.40 with a target of 108.65 – 109.60.

Alternative scenario: breakout and consolidation below the level of 105.40 will allow the pair to continue declining to the levels of 104.50 – 103.50.

Analysis: Supposedly, a descending correction of senior level in a form of the wave B finished forming within the 4-hour time frame. Apparently, the wave (C) starts forming now, with the first wave of junior level (i) forming inside. If the presumption is correct, the pair will continue to rise to the levels 108.65 – 109.60. The level 105.40 is critical in this scenario.

USD/СAD Wave analysis and forecast for 09.02 – 16.02

Estimated pivot point is at a level of 1.2630.

Main scenario: short positions will be relevant from corrections below the level of 1.2630 with a target of 1.2480 – 1.2435.

Alternative scenario:breakout and consolidation above the level of 1.2630 will allow the pair to continue the rise up to the levels of 1.2715 – 12920.

Analysis: Supposedly, a descending correction of senior level in the form of the wave 2 of (5) finished developing within the 4-hour time frame. Apparently, a counter-trend impetus has been formed as the wave i of 3. If the presumption is correct, the pair may be expected to drop to the levels of 1.2480 – 1.2435 as part of the correction wave ii of 3. The level 1.2630 may be critical in this scenario.

USD/CHF Wave analysis and forecast for 09.02 – 16.02

Estimated pivot point is at a level of  0.9528.

Main scenario: short positions will be relevant with a target of 0.9120 once correction has finished below the level of 0.9528.

Alternative scenario:Breakout and consolidation above the level of 0.9528 will allow the pair to continue rising to a level of 0.9615 – 0.9700.

Analysis: Supposedly, a downward trend within the first wave of senior level 1 of (3) continues to develop within the 4-hour time frame. Apparently, a local correction is now forming as the fourth wave iv of 1. If this assumption is correct, the pair will continue declining to a level of 1.0950 once the correction is over. The level 0.9528 may be critical in this scenario.