Best Forex Brokers:Wave analysis and forecast of 04.04 – 11.04.2014
Best Forex Brokers:Wave analysis and forecast of 04.04 – 11.04.2014
Keywords: Forex Analysis,Forex Review,top Forex Brokers,Best Forex Brokers, forex trading strategy,forex trading system,forex trading signals.
EUR/USD: Wave analysis and forecast of 04.04 – 11.04: European currency is under pressure. Decline in the pair is likely to continue. Estimated pivot point is at the level of 1.3820.
Our opinion: Sell the pair from correction below the level of 1.3820 with the target of 1.3550.
Alternative scenario: Breakout of the level of 1.3820 will enable the price to continue growth to the level of 1.39.
Analysis:
It is not ruled out that bullish correction in the second wave has
completed and the pair continues to decline in the third wave. Locally,
bearish impetus has completed as the first wave within the third wave of
the senior level. If this assumption is true and the price does not
break down critical level of 1.3820, we can expect that following slight
correction, the pair will continue to decline to the level of 1.3560.
As an alternative scenario irregular flat correction in the second wave
of the senior level can develop. In this case break down of the level of
1.3821 can trigger the rise in the pair to 1.3880 – 1.39.
GBP/USD Wave analysis and forecast for 04.04 – 11.04: The pair is likely to grow. Estimated pivot point is at the level of 1.6460.
Our opinion: Buy the pair on the pullbacks at the level of 1.6560 with the target of 1.70.
Alternative scenario:
Breakout of the level1.6545 will allow the price to continue decline to
the level of 1.6460. This decline can put under threat estimated
development of the bullish scenario.
Analysis: Presumably,
the formation of the long-term uptrend, which is likely to take a shape
of a zigzag ABC is still ongoing. Locally, the fifth final wave is
being formed, within which a lead-in structure 1-2 has been formed in
the junior wave level. If this assumption is true, in the nearest
future, rise in the pair will continue in the third wave.
USD/CHF Wave analysis and forecast for 04.04 – 11.04: Development of ascending correction. Estimated pivot point is at the level of 0.8813.
Our opinion: Buy the pair from correction above the level of 0.8813 with the target of 0.90.
Alternative scenario: Breakout and consolidation below the level of 0.8813 will allow the price to continue decline to the level of 0.86.
Analysis:
It is assumed that on the daily timeframe the fourth wave of a diagonal
within the fifth wave of a senior level is being formed. At the moment
the fourth wave is taking a shape of a diagonal with the emerging third
wave C of 4. If this assumption is true, the pair will continue to grow
to the level of 0.90.
USD/JPY Wave analysis and forecast for 04.04 – 11.04: Formation of the ascending correction continues. Estimated pivot point is at the level of 102.65.
Our opinion:
In the short-term: sell the pair below the level of 104.20 with the
target of 103.15. In the medium-term: wait for the completion of
descending correction and buy the pair on pullbacks from the level of
103.15 with the target of 104.40.
Alternative scenario: Drop in price below the level of 102.65 will allow the pair to continue decline to the levels of 101.0 – 100.0.
Analysis:
Ascending correction is ongoing taking a shape of a complex plain with a
triangle in wave b. It is assumed at the moment that the wave C is
being formed, within which impetus can develop. Locally it is possible
that the third wave of the impetus ahs completed and correction in the
fourth wave has begun.
USD/CAD Wave analysis and forecast for 04.04 – 11.04: Upward correction may continue. Estimated pivot point is at the level of 1.1044.
Our opinion: Buy the pair on pullbacks from the level of 1.1044 with the target of 1.12.
Alternative scenario: The pair will continue to decline to 1.0885.
Analysis:
Presumably, the formation of impetus in the third wave of the long-term
uptrend has completed. Locally, the fourth wave is being formed, within
which downward impetus as a wave a of 4 is nearing completion. If this
assumption is true, following breakout of the level of 1.1044 in the
nearest future, bullish correction in the wave b of 4 will begin.
