EUR/USD: Wave analysis and forecast of 09.05 – 16.05

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EUR/USD: Wave analysis and forecast of 09.05 – 16.05: The pair is likely to decline.

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Estimated pivot point is at the level of 1.3995.
Our opinion: Sell the pair from correction below the level of 1.3995 with the target of 1.37 – 1.36.
Alternative scenario: Breakout of the level of 1.3995 will enable the price to continue growth to the level of 1.41.
Analysis: Presumably, the formation of the zigzag (a)(b)(c) has been completed in the final fifth wave of the diagonal triangle, which is nearing completion of the long-term upward correction in the weekly timeframe. Locally, it is possible that the first in-lead wave of the long-term downtrend is being formed. Critical level for this scenario is 1.3995.

EURUSD-D1

EURUSD-H4

EURUSD-Weekly

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GBP/USD Wave analysis and forecast for 25.04 – 02.05

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GBP/USD Wave analysis and forecast for 25.04 – 02.05: The pair continues to decline.

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Estimated pivot point is at the level of 1.6760.
Our opinion: Buy the pair from correction above the level of 1.6760 with the target of 1.70.
Alternative scenario: Breakout of the level of 1.6760 will enable the price to continue decline to the levels of 1.67 – 1.66.
Analysis: Presumably, the formation of the fifth final wave of the ascending zigzag continues on the daily timeframe. Locally, it is possible that extension in the fifth shallow wave (v) of V of C is being formed. If this assumption is correct the pair will continue to grow to the level of 1.70.

GBPUSD-D1

GBPUSD-H4

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EUR/USD: Wave analysis and forecast of 02.05 – 09.05

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EUR/USD: Wave analysis and forecast of 02.05 – 09.05: The pair will continue to grow.

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Estimated pivot point is at the level of 1.3770.
Our opinion: Buy the pair from correction above the level of 1.3770 with the target of 1.3950 – 1.40.
Alternative scenario: Breakout of the level of 1.3770 will enable the price to continue decline to the level of 1.3720.
Analysis: Presumably, zigzag (a)(b)(c) is being formed in the fifth wave of a diagonal triangle, which is completing long-term correction. Locally, formation of correction in wave (b) has completed, and downward impetus in wave (c) is being formed. Critical level for this scenario is 1.3670

EURUSD-D1 EURUSD-H4

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USD/CAD Wave analysis and forecast for 25.04 – 02.05

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USD/CAD Wave analysis and forecast for 25.04 – 02.05: Formation of upward correction is nearing completion. A chance of decline in the pair.

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Estimated pivot point is at the level of 1.1014.

Our opinion: Wait for the completion of the upward correction and sell the pair with the target of 1.0850 – 1.0730.

Alternative scenario: Breakout of the level of 1.1014 will enable the pair to continue decline to the level of 1.0730.

Analysis: Presumably, the formation of ascending correction in the wave b of 4, which is taking a shape of the usual zigzag, is nearing completion. If this assumption is correct, following its completion, the pair will continue the decline to the levels of 1.0850 – 1.0720. Breakdown of the level of 1.101 will serve as a confirmation.

USDCAD-D1 USDCAD-H1

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USD/JPY Wave analysis and forecast for 25.04 – 02.05

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USD/JPY Wave analysis and forecast for 25.04 – 02.05: Formation of upward correction has completed. The pair is likely to decline.

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Estimated pivot point is at the level of 102.73.

Our opinion: Sell the pair below the level of 102.73 with the target of 100.0.

Alternative scenario: Breakout of the level of 102.73 will enable the pair to continue the rise up to 103.0 – 104.0.

Analysis: Presumably ascending correction as the second wave has reached completion. Locally, in-lead first wave in the shape of expanding wedge has been formed. If this assumption is true, and the price does not break down critical level of 102.73, the pair will continue to decline in the third wave.

USDJPY-H1 USDJPY-H4

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USD/CHF Wave analysis and forecast for 25.04 – 02.05

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USD/CHF Wave analysis and forecast for 25.04 – 02.05: Downtrend dominates.

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Estimated pivot point is at the level of 0.8856.

Our opinion: Sell the pair below the level of 0.8856 with the target of 0.8740 – 0.8670.

Alternative scenario: Breakout of the level of 0.8856 will enable the pair to continue decline to the level of 0.89.

Analysis: Presumably, the formation of the upward correction as the second wave has completed. Locally, the first and the second waves have been formed in the third wave of the senior level. If this assumption is correct, and the price does not breakdown critical level of 0.8856, the pair will continue to decline in the third wave.

USDCHF-H1 USDCHF-H2

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GBP/USD Wave analysis and forecast for 25.04 – 02.05

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GBP/USD Wave analysis and forecast for 25.04 – 02.05: The pair is likely to decline.

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Estimated pivot point is at the level of 1.6845.

Our opinion: Sell the pair below the level of 1.6845 with the targets of 1.6750 – 1.67.

Alternative scenario: Breakout of the level of 1.6845 will allow the price to continue growth to the level of 1.70.

Analysis: It is not excluded that the formation of a zigzag ABC on the daily timeframe has completed. Locally it is assumed that the first wave of the long-term downtrend is being formed. If this assumption is correct, and current correction does not break down critical level of 1.6843, it makes sense to expect the decline in the pair to the levels of 1.6750 – 1.67. Otherwise, growth in the pair will resume and wave structure of the fifth wave will continue to extend to the level of 1.70.

GBPUSD-D1

GBPUSD-H1

GBPUSD-H4

 

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EUR/USD: Wave analysis and forecast of 25.04 – 02.05

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EUR/USD: Wave analysis and forecast of 25.04 – 02.05: The pair is likely to grow.

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Estimated pivot point is at the level of 1.3790.

Our opinion: Buy the pair above the level of 1.3790 with the target of 1.3950 – 1.40.

Alternative scenario: Breakout of the level of 1.3790 will enable the price to continue decline to 1.3720.

Analysis: Presumably, the zigzag (a)(b)(c) is being formed in the final fifth wave of a diagonal triangle, which is nearing completion of the long-term upward correction. Locally, formation of correction in wave (b) has completed, and formation of ascending impetus in wave (с) has begun. In case of breakdown of the level of 1.3790, formation of wave (b) will continue up to the bottom boundary of the forming wedge at the level of 1.3720. Critical level for this scenario is 1.3670.

EURUSD-D1 EURUSD-H4

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USD/CAD Wave analysis and forecast for 18.04 – 25.04

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USD/CAD Wave analysis and forecast for 18.04 – 25.04: Formation of downward correction. Downward movement is likely to continue. Estimated pivot point is at the level of 1.0980.

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Our opinion: In the short-term: buy the pair above the level of 1.0980 with the target of 1.1070 – 1.1120. In the medium-term: wait for the completion of the upward correction and sell the pair with the target of 1.0850 – 1.0730.

Alternative scenario: Breakout of the level of 1.0980 will enable the pair to continue decline to the level of 1.0730.

Analysis: Presumably, the formation of impetus in the third wave of the long-term uptrend has completed. Locally, the fourth wave is being formed, within which downward impetus as a wave a of 4 has probably completed and upward correction in wave b is being formed. If this assumption is true the pair will continue to decline to the levels of 1.0850 – 1.0720.

USDCAD-D1 USDCAD-H4

 

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USD/JPY Wave analysis and forecast for 18.04 – 25.04

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USD/JPY Wave analysis and forecast for 18.04 – 25.04: Formation of upward correction. The pair is likely to decline. Estimated pivot point is at the level of 101.80.

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Our opinion: In the short-term: buy the pair above the level of 102.20 with the target of 102.70 – 103.0. In the medium-term: wait for the completion of upward correction and sell the pair after the formation of reversal with the target of 99.40.

Alternative scenario: Breakout of the level of 101.80 10 will enable the price to continue decline to the levels of 100.0 – 99.0 within downtrend.

Analysis: Presumably ascending correction as the second wave is nearing completion. Locally, a small wave (с) of ii is being formed, within which short-term growth up to the levels of 102.70 – 103.0 is possible. If this assumption is true, the pair is likely to continue decline in the third wave of the senior level.

USDJPY-D1 USDJPY-H4

 

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