From Date: 11.01.2019 To Date: 18.01.2019(Weekly Update) Read wave analyses and forecasts for the main currency pairs for the next week in our traders’ blog.
The most popular currency pairs: EUR/USD, GBP/USD, USD/СAD, USD/JPY, USD/CHF, XAU/USD.
High-quality analyses provided by an independent wave analysis expert with many years of experience.
Signals and pivot points.
EURUSD The pair EUR/USD is still likely to grow. Estimated pivot point is at a level of 1.1440.
Main scenario: long positions will be relevant from corrections above the level of 1.1440 with a target of 1.1586 – 1.1620.
Alternative scenario:
Breakout and consolidation below the level of 1.1440 will allow the
pair to continue declining to the levels of 1.1308 – 1.1210.
Analysis:
Supposedly, a descending correction of senior level in the form of the
wave (2) continues developing on the daily time frame with the wave C of
(2) developing within. Presumably an ascending correction is developing
as wave ii of C on the H4 time frame. On the H1 timeframe, apparently,
the third wave of junior level iii of (c) of ii has formed and a local
correction iv of (c) is developing at the moment. If the presumption is
correct, the pair will logically resume dropping to the levels 1.1586 –
1.1620. The level 1.1440 is critical in this scenario.
GBPUSD The pair GBP/USD is still likely to grow. Estimated pivot point is at a level of 1.2396.
Main scenario: long positions will be relevant above the level of 1.2396 with a target of 1.3175 – 1.3303.
Alternative scenario:
Breakout and consolidation below the level of 1.2396 will allow the
pair to continue declining to the levels of 1.2300 – 1.2150.
Analysis:
Supposedly, a descending correction of senior level in the form of the
second wave (2) finished developing within the daily frame in the form
of a zigzag. Supposedly, the wave C of (2) finished developing on the
4-hour time frame in the form of a wedge. Presumably the wave (3)
started forming on the H1 time frame, with the wave (i) of i of 1 of
(3) formed inside. If the presumption is correct, the pair will
logically continue growing to the levels 1.3175 – 1.3303 after
correction (ii) of i. The level 1.2396 is critical in this
scenario.
USDCHF The pair USD/CHF is still likely to fall. Estimated pivot point is at a level of 1.0006.
Main scenario: short positions will be relevant from corrections below the level of 1.0006 with a target of 0.9618.
Alternative scenario:
breakout and consolidation above the level of 1.0006 will allow the
pair to continue the rise up to the levels of 1.0122 – 1.0256.
Analysis:
The first wave of senior level 1 of (3) has been formed on the daily
time-frame and the downward correction 2 of (3) is developing now. On H4
timeframe, presumably the local ascending correction of junior level B
of (2) has finished in the form of a zigzag and the wave С of (2)
continues developing. On the H1 time frame, apparently, the third wave
iii of C finished forming and a local ascending correction iv of C is
developing at the moment.
If this assumption is correct, the pair will continue to drop to 0.9618
once the correction is completed. The level 1.0006 is critical in this
scenario.
USDJPY The pair USD/JPY is likely to grow. Estimated pivot point is at a level of 104.46.
Main scenario: long positions will be relevant above the level of 104.46 with a target of 113.66 – 114.50.
Alternative scenario: breakout and consolidation below the level of 104.46 will allow the pair to continue declining to a level of 103.00.
Analysis:
Supposedly, the wave of senior level (C) of B continues developing on
the daily time frame, with the wave 2 of (C) formed inside. Presumably a
local correction is completed as the wave 2 of (C) on the 4-hour
timeframe. Apparently, the wave 3 of (C) starts forming on the H1
time-frame, with the first wave of junior level (i) of i of 3 formed and
the correction (ii) of i completed inside. If the presumption is
correct, the pair will continue to rise to the levels of 113.66 –
114.50. The level 104.46 is critical in this scenario.
USDCAD The pair USD/CAD is likely to grow. Estimated pivot point is at a level of 1.3175.
Main scenario: long positions will be relevant above the level of 1.3175 with a target of 1.3390 – 1.3440.
Alternative scenario:
Breakout and consolidation below the level of 1.3175 will allow the
pair to continue declining to the levels of 1.3130 – 1.3070.
Analysis:
Supposedly, a descending correction of senior level in the form of the
wave 2 of (5) finished developing within the daily frame and the wave 3
of (5) is forming. On the 4-hour timeframe, an upward impetus finished
developing as the first wave i of 3 and a downward correction ii of 3 is
forming at the moment. On the H1 time frame, apparently the wave (a) of
ii is completed as an impetus. If the presumption is correct, the pair
will grow to 1.3390 – 1.3440 as part of the wave (b) of ii under
correction. The level 1.3175 is critical in this scenario.
XAU/USD The pair XAU/USD is likely to fall in price Estimated pivot point is at a level of 1367.75.
Main scenario: short positions will be relevant below the level of 1367.75 with a target of 1159.50 – 1097.76.
Alternative scenario: breakout and consolidation above the level of 1367.75 will allow the pair to continue rising to a level of 1400.00 and higher.
Analysis:
Supposedly, the wave of senior level (C) continues developing on the
daily time frame, with the wave 1 of (C) formed inside. On H4
time-frame, apparently, an upward correction is nearing completion in
the form of the wave 2 of (C). Supposedly, the fifth wave of junior
level v of (v) of с of 2 is completed on the H1 time frame. If the
presumption is correct, the pair will start dropping to the levels of
1159.50 – 1097.76. The level 1367.75 is critical in this scenario.
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