From Date: 06.12.2019 To Date: 13.12.2019(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.
EUR/USD The pair EUR/USD is still likely to grow. Estimated pivot point is at a level of 1.0981.
Main scenario: long positions will be relevant from corrections above the level of 1.0981 with a target of 1.1176 – 1.1252.
Alternative scenario:
breakout and consolidation below the level of 1.0981 will allow the
pair to continue declining to the levels of 1.0880 – 1.0800.
Analysis:
Supposedly, a descending correction of senior level in the form of the
second wave 2 finished developing on the daily time frame as a zigzag,
with wave (С) of 2 formed inside. Supposedly, the third wave 3 is
starting to develop on the H4 time frame with the first counter-trend
wave of junior level i of 1 of (1) of 3 formed and the descending
correction ii of 1 of (1) of 3 completed inside. Apparently, wave iii
of 1 started developing on the H1 time frame, with a counter-trend
impulse formed as wave (i) of iii inside. If the presumption is correct,
the pair may be expected to be rising to the levels of 1.1176 – 1.1252
once correction (ii) of iii is completed. The level 1.0981 is critical
in this scenario.
GBP/USD The pair GBP/USD is still likely to grow. Estimated pivot point is at a level of 1.3026.
Main scenario: long positions will be relevant from corrections above the level of 1.3026 with a target of 1.3275 – 1.3387.
Alternative scenario:
breakout and consolidation below the level of 1.3026 will allow the
pair to continue declining to the levels of 1.2819 – 1.2700.
Analysis: Supposedly,
a descending correction of senior level in the form of the
zigzag-shaped second wave (2) finished developing on the daily time
frame. On the H4 time frame, wave (3) has started forming, with the
first wave 1 of (3) forming inside. Apparently, the fifth wave of junior
level v of 1 continues forming on the H1 time frame, with wave (iii)
of v developing inside. If the presumption is correct, the pair will
continue to rise to the levels 1.3275 – 1.3387. The level of 1.3026 is
critical in this scenario as the breakout will enable the pair to
continue declining to the levels 1.2819 – 1.2700 and lower as part of
the correction of senior level 2 of (3).
USD/CHF The pair USD/CHF is still likely to fall. Estimated pivot point is at a level of 1.0022.
Main scenario: short positions will be relevant from corrections below the level of 1.0022 with a target of 0.9717 – 0.9656.
Alternative scenario:
breakout and consolidation above the level of 1.0022 will allow the
pair to continue the rise up to the levels of 1.0121 – 1.0230.
Analysis:
Supposedly, an ascending correction of senior level finished developing
in the form of wave (2) on the daily time frame and wave (3) has
started forming. A local correction ii of 1 of (3) has formed and wave
iii of 1 of (3) has started developing on the H4 time frame, with a
counter-trend wave of junior level (i) of iii formed inside. Apparently,
the local correction (ii) of iii finished developing and wave (iii)
of iii started forming on the H1 time frame. If the presumption is
correct, the pair will continue to fall to the levels 0.9717 – 0.9656.
The level of 1.0028 is critical in this scenario. Its breakout will
allow the pair to continue rising to the levels of 1.0121 – 1.0230.
USD/JPY The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 108.26.
Main scenario: long positions will be relevant from corrections above the level of 108.26 with a target of 109.76 – 110.50.
Alternative scenario:
breakout and consolidation below the level of 108.26 will allow the
pair to continue declining to the levels of 107.55 – 106.95.
Analysis:
Supposedly, a large correction has been completed in the form of wave
(B) of senior level and ascending wave (С) is starting to form on the
daily time frame, with the first wave 1 of (C) developing inside.
Supposedly, wave i of 1 of (С) and a descending correction in the form
of wave ii of 1 have formed on the H4 time frame, and wave iii of 1
has begun developing. Apparently, a local correction finished forming on
the H1 time frame as the second wave of junior level (ii) of iii of 1.
If this assumption is correct, the pair will continue to rise to
109.76 – 110.50. The level 108.26 is critical in this scenario as the
breakout will enable the pair to continue declining to the levels 107.55
– 106.95 as long as corrective wave ii of 1 continues forming.
USD/CAD The pair USD/CAD is still likely to grow. Estimated pivot point is at a level of 1.3042
Main scenario: long positions will be relevant from corrections above the level of 1.3042 with a target of 1.3498 – 1.3560.
Alternative scenario: breakout
and consolidation below the level of 1.3042 will allow the pair to
continue declining to the levels of 1.2849 – 1.2654.
Analysis: Supposedly,
a descending correction finished developing in the form of the second
wave of senior level (2) and the third wave (3) is forming on the D1
time frame. On the 4-hour time frame, a correction has finished
developing in the form of wave ii of 1 of (3) and wave iii of 1 has
started forming. On the H1 time-frame, apparently, the first wave of
junior level (i) of iii has formed and a local correction (ii) of iii
is completed. If the presumption is correct, the pair may be expected to
rise to the levels 1.3498 – 1.3560. The level of 1.3042 is critical in
this scenario as the breakout will enable the pair to continue
declining to the levels of 1.2849 – 1.2654 while a correction of senior
level continues forming.
XAU/USD The pair XAU/USD is still likely to grow. Estimated pivot point is at a level of 1449.75.
Main scenario: long positions will be relevant from corrections above the level of 1449.75 with a target of 1517.74 – 1557.48.
Alternative scenario:
breakout and consolidation below the level of 1449.75 will allow the
pair to continue declining to the levels of 1430.00 – 1412.74.
Analysis:
Supposedly, wave (B) of senior level continues forming on the weekly
time frame. Apparently, an ascending impulse is developing as wave C of
(B) on the daily time frame, with the third wave of junior level iii of
C formed inside.
Supposedly, a local correction is completed as
the fourth wave iv of C on the H4 time frame. If the presumption is
correct, the par may be expected to rise to 1517.74 – 1557.48. The level
of 1449.75 is critical in this scenario as the breakout will enable the
pair to continue declining to the levels 1430.00 – 1412.74 as part of
corrective wave iv of C.
The Analytical Materials are Provided by, SONY Net Business A Trader and Analyst.
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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
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ہائی رِسک وارننگ!
فاریکس
ٹریڈنگ ایک منافع بخش کاروبار ہے لیکن اس کے ساتھ ساتھ رِسک بھی منسلک ہے۔
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پہلے اس بات کی مکمل تسلی کرلیں کہ آپ فاریکس ٹریڈنگ سے منسلک رسک کو اچھی
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ادھار لیئے گئے یا اُن پیسوں کے ساتھ ہر گز ٹریڈ نہ کریں جن کا نقصان آپ
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