Wave Analysis and Forecast.(weekly)
From Date: 09.11.2018 To Date: 16.11.2018 (Weekly Update)
Read wave analyses and forecasts for the main currency pairs for the next week in our traders’ blog.
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 1.1300.
Main scenario: long positions will be relevant from corrections above the level of 1.1300 with a target of 1.1623 – 1.1813.
Alternative scenario: Breakout and consolidation below the level of 1.1300 will allow the pair to continue declining to the levels of 1.1200 – 1.1100.
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 A of (2) formed within. Presumably an upward correction B of (2) is developing on the H4 time-frame, with the wave b of B formed inside. Apparently, the wave c of B started developing on the H1 time-frame, with the first wave of junior level i of (i) of c formed and the local correction ii of (i) nearing completion as an irregular plane inside. If the presumption is correct, the pair will logically resume rising to the levels 1.1623 – 1.1813. The level 1.1300 is critical in this scenario.
The pair EUR/USD is still likely to grow. Estimated pivot point is at a level of 1.1300.
Main scenario: long positions will be relevant from corrections above the level of 1.1300 with a target of 1.1623 – 1.1813.
Alternative scenario: Breakout and consolidation below the level of 1.1300 will allow the pair to continue declining to the levels of 1.1200 – 1.1100.
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 A of (2) formed within. Presumably an upward correction B of (2) is developing on the H4 time-frame, with the wave b of B formed inside. Apparently, the wave c of B started developing on the H1 time-frame, with the first wave of junior level i of (i) of c formed and the local correction ii of (i) nearing completion as an irregular plane inside. If the presumption is correct, the pair will logically resume rising to the levels 1.1623 – 1.1813. The level 1.1300 is critical in this scenario.
GBPUSD
The pair GBP/USD is still likely to grow. Estimated pivot point is at a level of 1.2878.
Main scenario: long positions will be relevant above the level of 1.2878 with a target of 1.3305 – 1.3510 once the correction has finished.
Alternative scenario: Breakout and consolidation below the level of 1.2878 will allow the pair to continue declining to the levels of 1.2700 – 1.2550.
Analysis: Supposedly, a descending correction continues developing in the form of the second wave (2) on the daily time frame with the wave A of (2) formed within. Presumably the wave B of (2) is developing as a plane on the H4 time-frame, with the wave b of B formed inside. On the H1 time-frame, apparently, a downward impetus has formed as wave (i) of c. If the presumption is correct, the pair will continue rising to 1.3305 – 1.3510 once the correction (ii) of c finishes. The level 1.2878 is critical in this scenario.
The pair GBP/USD is still likely to grow. Estimated pivot point is at a level of 1.2878.
Main scenario: long positions will be relevant above the level of 1.2878 with a target of 1.3305 – 1.3510 once the correction has finished.
Alternative scenario: Breakout and consolidation below the level of 1.2878 will allow the pair to continue declining to the levels of 1.2700 – 1.2550.
Analysis: Supposedly, a descending correction continues developing in the form of the second wave (2) on the daily time frame with the wave A of (2) formed within. Presumably the wave B of (2) is developing as a plane on the H4 time-frame, with the wave b of B formed inside. On the H1 time-frame, apparently, a downward impetus has formed as wave (i) of c. If the presumption is correct, the pair will continue rising to 1.3305 – 1.3510 once the correction (ii) of c finishes. The level 1.2878 is critical in this scenario.
USDCHF
The pair USD/CHF is likely to fall in price. Estimated pivot point is at a level of 1.0095.
Main scenario: short positions will be relevant below the level of 1.0095 with a target of 0.9724 – 0.9620.
Alternative scenario: breakout and consolidation above the level of 1.0095 will allow the pair to continue the rise up to the levels of 1.0170 – 1.0238.
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 the H4 time frame, the wave A of (2) has formed and presumably the local correction B of (2) finished developing. Apparently, the wave C of (2) started developing on the H1 time frame, with the waves of junior level i and ii formed inside. If the presumption is correct, the pair will logically drop to the levels 0.9724 – 0.9620. The level 1.0095 is critical in this scenario.
The pair USD/CHF is likely to fall in price. Estimated pivot point is at a level of 1.0095.
Main scenario: short positions will be relevant below the level of 1.0095 with a target of 0.9724 – 0.9620.
Alternative scenario: breakout and consolidation above the level of 1.0095 will allow the pair to continue the rise up to the levels of 1.0170 – 1.0238.
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 the H4 time frame, the wave A of (2) has formed and presumably the local correction B of (2) finished developing. Apparently, the wave C of (2) started developing on the H1 time frame, with the waves of junior level i and ii formed inside. If the presumption is correct, the pair will logically drop to the levels 0.9724 – 0.9620. The level 1.0095 is critical in this scenario.
USDJPY
The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 112.93.
long positions will be relevant above the level of 112.93 with a target of 115.00 – 116.50. /p>
Alternative scenario: breakout and consolidation below the level of 112.93 will allow the pair to continue declining to a level of 111.34.
Analysis: Supposedly, the wave (C) of B of senior level continues developing on the daily timeframe. On the 4-hour time frame, presumably the wave 3 of (C) is developing, with the wave i of 3 forming inside. Apparently, the wave (v) of i continues forming now on the 1-hour time frame, with the third wave of junior level iii of (v) developing inside. If the presumption is correct, the pair will continue to rise to the levels of 115.00 – 116.50 The level 112.93 is critical in this scenario.
The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 112.93.
long positions will be relevant above the level of 112.93 with a target of 115.00 – 116.50. /p>
Alternative scenario: breakout and consolidation below the level of 112.93 will allow the pair to continue declining to a level of 111.34.
Analysis: Supposedly, the wave (C) of B of senior level continues developing on the daily timeframe. On the 4-hour time frame, presumably the wave 3 of (C) is developing, with the wave i of 3 forming inside. Apparently, the wave (v) of i continues forming now on the 1-hour time frame, with the third wave of junior level iii of (v) developing inside. If the presumption is correct, the pair will continue to rise to the levels of 115.00 – 116.50 The level 112.93 is critical in this scenario.
USDCAD
Correction for the pair USD/CAD is nearing completion. Estimated pivot point is at a level of 1.3229.
Main scenario: short positions will be relevant at retracements and below the level of 1.3229 with a target of 1.2887 – 1.2735.Correction for the pair USD/CAD is nearing completion. Estimated pivot point is at a level of 1.3229.
Alternative scenario: breakout and consolidation above the level of 1.3229 will allow the pair to continue the rise up to the levels of 1.3390 – 1.3574.
Analysis: Supposedly, the wedge-shaped first wave of senior level 1 of (5) finished developing on the daily time frame, and the downward correction 2 of (5) is forming at the moment. On the H4 time frame, a correction of junior level is nearing completion in the form of wave b of 2 that took an irregular plane shape. Apparently, a diagonal triangle finishes forming inside the wave (c) of b on the H1 time frame. If this assumption is correct, the pair may be expected to drop to 1.2887 – 1.2735 once it has finished forming. The level 1.3229 is critical in this scenario.
XAU/USD
Downtrend is likely to continue for XAU/USD. Estimated pivot point is at a level of 1237.10.
Main scenario: short positions will be relevant from corrections below the level of 1237.10 with a target of 1182.23 – 1159.51.Downtrend is likely to continue for XAU/USD. Estimated pivot point is at a level of 1237.10.
Alternative scenario: breakout and consolidation above the level of 1237.10 will allow the pair to continue rising to a level of 1263.50.
Analysis: Supposedly, a downward impetus 1 finished developing within the wave (C) of senior level on the daily time frame. On the H4 time-frame, apparently, an upward correction has finished developing in the form of the plane-shaped wave 2 of C. Apparently, the wave 3 starts forming on the H1 time-frame, with the first wave of junior level (i) of i formed and the local correction (ii) of i completed inside. If the presumption is correct, the pair will logically drop to the levels 1182.23 – 1159.51. The level 1237.10 is critical in this scenario.
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Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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