Tag Archives: EURUSD Weekly Analysis

EUR/USD: Wave analysis and forecast of 18.04 – 25.04

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EUR/USD: Wave analysis and forecast of 18.04 – 25.04: The pair is experiencing correction; the rise in the pair is likely to continue.

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Estimated pivot point is at the level of 1.3864.

Our opinion: In the short-term: sell the pair below the level of 1.3864 with the target of 1.3760. In the medium-term: wait for the completion of correction and buy the pair after the reversal above the level 1.3760 with the target of 1.3990 – 1.40.

Alternative scenario: Breakout of the level of 1.3864 will enable the price to continue growth to the level of 1.3990 – 1.40.

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 upward correction. Locally, correction in wave (b) is being developed, within which the pair is likely to decline to the level of 1.3760. Critical level for this scenario is 1.3670.

EURUSD-D1 EURUSD-H4

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EUR/USD: Wave analysis and forecast of 11.04 – 18.04

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EUR/USD: Wave analysis and forecast of 11.04 – 18.04: The rise in the pair will resume. Estimated pivot point is at the level of 1.3670.

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Our opinion: Buy the pair from correction above the level of 1.3824 with the target of 1.40.

Alternative scenario: Breakout of the level of 1.3824 will enable the price to continue decline to the level of 1.3750.

Analysis: The pair has broken down critical level of the bearish scenario and continues to grow. At the moment bullish impetus is being formed in the wave (a) in the fifth wave of a diagonal triangle of the senior wave level. If this assumption is true and the price does not break down critical level of the local impetus, we can expect that the pair will continue to rise to the level of. As an alternative scenario it is possible that after breakdown of the level of 1.3824, deep correction will go to 1.3750. Critical level for the bullish scenario is 1.3670.

EURUSD-D1

EURUSD-H4

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EUR/USD: Wave analysis and forecast of 04.04 – 11.04

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EUR/USD: Wave analysis and forecast of 04.04 – 11.04: European currency is under pressure. Decline in the pair is likely to continue. Estimated pivot point is at the level of 1.3820.

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Our opinion: Sell the pair from correction below the level of 1.3820 with the target of 1.3550.

Alternative scenario: Breakout of the level of 1.3820 will enable the price to continue growth to the level of 1.39.

Analysis: It is not ruled out that bullish correction in the second wave has completed and the pair continues to decline in the third wave. Locally, bearish impetus has completed as the first wave within the third wave of the senior level. If this assumption is true and the price does not break down critical level of 1.3820, we can expect that following slight correction, the pair will continue to decline to the level of 1.3560. As an alternative scenario irregular flat correction in the second wave of the senior level can develop. In this case break down of the level of 1.3821 can trigger the rise in the pair to 1.3880 – 1.39.

EURUSD-H1

EURUSD-H4

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EUR/USD: Wave analysis and forecast of 28.03 – 4.04

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EUR/USD: Wave analysis and forecast of 28.03 – 4.04: The pair continues to decline. Estimated pivot point is at the level of 1.3844.

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Our opinion: In the short-term: sell the pair from correction below the level of 1.3844 with the target of 1.3670 – 1.36. In the medium-term: wait for the ascending correction.
Alternative scenario: Breakout of the level of 1.3844 will enable the price to continue growth to the level of 1.39.
Analysis: Presumably, the first wave of the new downtrend, which takes a shape of a diagonal, is being formed. Locally, the fifth wave with the target of 1.3670 is being formed. If this assumption is true and in case the price does not break down critical level of 1.3844, it makes sense to expect that the price will go down to 1.3670 – 1.36.

EURUSD-D1 EURUSD-H4

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EUR/USD: Wave analysis and forecast of 14.03 – 21.03

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EUR/USD: Wave analysis and forecast of 14.03 – 21.03: The pair will continue to grow. Locally correction is being formed. Estimated pivot point is at the level of 1.3800.

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EURUSD-D1 EURUSD-H4

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Our opinion: Buy the pair from correction above the level of 1.3800 with the target of 1.3990 – 1.40.
Alternative scenario: Breakout of the level of 1.3800 will enable the price to continue decline to the levels of 1.36 – 1.35.
Analysis: Presumably, upward momentum in the fifth final wave of the wedge is nearing completion; the wedge in its turn is finishing long-term ascending correction. If this assumption it true, we can expect the rise in price up to the level of 1.40, reversal, then the prioce will reverse and go down.

 

EUR/USD: Wave analysis and forecast of 07.03 – 14.03

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EUR/USD: Wave analysis and forecast of 07.03 – 14.03: Growth in the pair is likely to continue. Estimated pivot point is at the level of 1.3706.

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Our opinion: Buy the pair from correction above the level of 1.3706 with the target of 1.3940.
Alternative scenario: Breakout of the level of1.3706 will enable the price to continue decline to the levels of 1.36 – 1.35.
Analysis: Due to breakdown of the critical level and ongoing rise in the pair, wave analysis can be interpreted in favour of the rise in the pair. Updated chart shows that, the formation of the final wave as part of the ascending correction of the higher level, which can take a shape of a diagonal, is possible. Locally the fifth wave is being formed, which can take a shape of the final diagonal triangle, which can be completed at the level of 1.3940.

EURUSDD1

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EUR/USD: Wave analysis and forecast of 28.02 – 07.03

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EUR/USD: Wave analysis and forecast of 28.02 – 07.03: Probability of decline in the pair is conserved. Estimated pivot point is at the level of 1.3775.

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Our opinion: Sell the pair from correction below the level of 1.3775 with the target of 1.36 – 1.35.
Alternative scenario: Breakout of the level of 1.3775 will enable the price to continue growth to the level of 1.39 – 1.40.
Analysis: It is not excluded that formation of ascending correction as the second wave, which took a shape of irregular plane, has completed. At the moment it is assumed that lead-in structure in the shape of diverging wedge as the first wave is being formed. If this assumption is true and the price does not break down the critical level of 1.3775, it makes sense to expect that the pair will decline to the levels of 1.36 – 1.35. Following breakdown of the level of 1.3470, the price may go down to the levels of 1.33 – 1.32.

EURUSD Wave analysis and forecast of 28.02 – 07.03 - 02

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