Top Forex Brokers:Wave analysis and forecast of 28.02 – 07.03.2014
Top Forex Brokers:Wave analysis and forecast of 28.02 – 07.03.2014
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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.
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.
GBP/USD Wave analysis and forecast for 28.02 – 07.03: The pair is likely to decline. Estimated pivot point is at the level of 1.6825.
Our opinion: Sell the pair from correction below the level of 1.6825 with the target of 1.65 – 1.63.
Alternative scenario: Breakout of the level 1.6825 will enable the pair to continue growth to the levels of 1.69 – 1.70.
Analysis:
Presumable, the formation of the large ascending momentum in the first
wave has completed. Locally, it is not excluded has the first in-lead
waves of the large downward correction are being formed. If this
assumption is true, the pair will continue to decline to the level of
1.65. Feasibility of his scenario will be proved by breakdown of the
level of 1.6247.
USD/CHF Wave analysis and forecast for 28.02 – 07.03: The pair is likely to grow. Estimated pivot point is at the level of 0.8800.
Our opinion: Buy the pair above the level of 0.8800 with the target of 0.92 - 0.93.
Alternative scenario:
Breakdown and consolidation below the level 0.8800 will enable the pair
to continue decline to the levels of 0.87 – 0.86 within long-term
downtrend.
Analysis: Presumably, the formation of the downward
correction within the second wave, which has a shape of a complete
Zigzag, has completed. If this assumption is true, it makes sense to
expect the rise in price to the level of 0.92 – 0.93 within the third
wave.
USD/JPY Wave analysis and forecast for 28.02 – 07.03: The pair is experiencing correction. A chance of medium-term decline in the pair is preserved. Estimated pivot point is at the level of 105.40.
Our opinion:
In the short-term: sell the pair below the level of 101.34 with the
target of 103.30 – 103.60. In the medium-term: wait for the completion
of ascending correction and sell the pair below the level of 105.40 with
the target of 100.0 – 90.0.
Alternative scenario: Breakdown at the level of 105.40 will enable the pair to continue growth within uptrend to the level of 106.00 – 107.0.
Analysis:
Presumably, the first in-lead wave within estimated large downward
correction has completed. Locally, local ascending correction as the
second wave, which is likely to take shape of a plane is being formed
with a target level of 103.07. If this assumption is true, following
completion of correction it makes sense to expect that the pair will
continue to decline in the third wave.
USD/CAD Wave analysis and forecast for 28.02 – 07.03: Uptrend prevails. Locally, the pair is experiencing correction.. Estimated pivot point is at the level of 1.0907.
Our opinion:
In the short-term: buy the pair below the level of 1.12 with the target
of 1.10. In the medium-term: wait for the completion of local
correction and buy the pair above the level of 1.0907 with the target of
1.13 – 1.14.
Alternative scenario: Formation of downward correction will continue up to the levels of 1.0830 – 1.0740.
Analysis:
It is not excluded that local correction as the second wave 2 of (3)
has completed. If this assumption is true, it makes sense to expect that
growth will continue in the third wave (3) in the medium-term. In the
short-term the pair is likely to decline in the second wave of the
senior level. In case of breakdown of the level of 1.0907, downward
correction may continue to the levels of 38% - 50%. 
