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.
The pair EUR/USD remains likely to grow. Estimated pivot point is at a level of 1.1017.
Main scenario: consider long positions from corrections above the level of 1.0871 with a target of 1.1250 – 1.1490.
Alternative scenario: breakout and consolidation below the level of 1.0871 will allow the pair to continue declining to the levels of 1.0633 – 1.0528.
Analysis: Supposedly, a descending correction of senior level finished developing in the form of wave (2) on the daily time frame. The third wave (3) started developing on the H4 time frame, with wave iii of 1 of (3) forming inside. Apparently, the third wave of smaller degree (iii) of iii of 1 is developing on the H1 time frame. If this assumption is correct, the pair will continue to rise to 1.1250 – 1.1490. The level of 1.0871 is critical in this scenario. Its breakout will allow the pair to continue falling to the levels of 1.0633 – 1.0528.
The pair GBP/USD remains likely to grow. Estimated pivot point is at a level of 1.2158.
Main scenario: consider long positions from corrections above the level of 1.2158 with a target of 1.2477 – 1.2639.
Alternative scenario: breakout and consolidation below the level of 1.2158 will allow the pair to continue declining to the levels of 1.2020 – 1.1871.
Analysis: Supposedly, the fifth wave of larger degree V finished developing on the daily time frame, with wave (С) of V completed inside. The first wave (1) is developing on the H4 time frame, with wave 1 of (1) formed and a local correction completed as wave 2 of (1) inside. Apparently, the third wave 3 of (1) started developing on the H1 time frame, with the wave of smaller degree i of 3 forming inside. If the presumption is correct, the pair will continue to rise to the levels of 1.2477 – 1.2639. The level of 1.2158 is critical in this scenario as the breakout will enable the pair to continue declining to the levels of 1.2020 – 1.1871.
USD/CHF remains likely to fall. Estimated pivot point is at a level of 0.9782.
Main scenario: consider short positions from corrections below the level of 0.9782 with a target of 0.9454 – 0.9238.
Alternative scenario: breakout and consolidation above the level of 0.9782 will allow the pair to continue rising to the levels of 1.0024 – 1.0235.
Analysis: Supposedly, the third descending wave of larger degree (3) continues developing on the daily time frame, with wave 3 of (3) forming inside. On the 4-hour time frame, a correction finished developing in the form of wave ii of 3 and wave iii of 3 is forming. Apparently, on the H1 time frame the third wave of smaller degree (iii) of iii is forming , with wave ii of (iii) completed and wave iii of (iii) forming inside. If the presumption is correct, the pair will continue to drop to the levels of 0.9454 – 0.9238. The level of 0.9782 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels of 1.0024 – 1.0235.
USD/JPY remains likely to grow. Estimated pivot point is at a level of 106.77.
Main scenario: consider long positions from corrections above the level of 106.77 with a target of 109.51 – 111.80.
Alternative scenario: breakout and consolidation below the level of 106.77 will allow the pair to continue declining to the levels of 105.99 – 105.00.
Analysis: On the daily time frame, apparently a descending correction of larger degree finished forming as wave B and wave С started developing. On the H4 time frame, the first wave 1 of (1) of C formed and a local correction finished forming as wave 2 of (1). Apparently, wave 3 of (1) started forming on the H1 time frame. Inside it, there’s the first wave i of 3 formed and a descending correction developing as wave ii of 3. Wave (c) of ii is nearing completion as part of wave ii of 3. If the presumption is correct, after correction, the pair will continue to rise to the levels of 109.51 – 111.80. The level of 106.77 is critical in this scenario as the breakout will enable the pair to continue declining to the levels of 105.99 – 105.00.
USD/CAD
USD/CAD remains likely to fall. Estimated pivot point is at a level of 1.4050.
Main scenario: consider short positions from corrections below the level of 1.4050 with a target of 1.3598 – 1.3444.
Alternative scenario: breakout and consolidation above the level of 1.4050 will allow the pair to continue rising to the levels of 1.4351 – 1.4562.
Analysis: On the D1 time frame, supposedly, a descending correction finished developing in the form of second wave of larger degree (2), and wave (3) started forming. Supposedly, on the H4 time frame the first counter-trend wave of smaller degree 1 of (3) formed and a descending correction continues developing in the form of wave 2 of (3). Apparently, wave c of 2 of smaller degree is developing on the H1 time frame, with wave (iii) of c of 2 formed and local correction developing as wave (iv) of c inside. If the presumption is correct, the pair will continue to drop to the levels of 1.3598 – 1.3444. The level of 1.4050 is critical in this scenario as the breakout will enable the pair to continue rising to the levels of 1.4351 – 1.4562.
The pair XAU/USD remains likely to fall. Estimated pivot point is at a level of 1765.45.
Main scenario: consider short positions from corrections below the level of 1765.45 with a target of 1667.44 – 1634.13.
Alternative scenario: breakout and consolidation above the level of 1765.45 will allow the pair to continue rising to the levels of 1798.83 – 1850.00.
Analysis: Supposedly, an ascending correction of larger degree finished developing in the form of wave (B) on the daily time frame, with wave С of (B) formed inside. Apparently, the fifth wave v of C finished developing on the H4 time frame, with wave (v) of v formed inside. On the H1 time frame, wave (C) started developing. Inside it, there is the first counter-trend wave of smaller degree (i) of i of 1 of (C) formed and a local correction developing as wave (ii) of i. If the presumption is correct, the pair will continue to fall to the levels of 1667.44 – 1634.13 after correction. The level of 1765.45 is critical in this scenario as the breakout will enable the pair to continue growing to the levels of 1798.83 – 1850.00.
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