GBPUSD Wave analysis and forecast for 07.07 – 14.07

Wave analysis and forecast for 07.07 – 14.07: The pair is likely to decline.

Estimated pivot point is at the level of 1.3026.

Analysis: Presumably, on the four-hour chart the formation of the fifth wave of the senior level continues. At the moment, it is likely that the upward impetus has been formed as the wave i of 5 and the downward correction ii of 5 is being developed, within which the pair may decline to 1.2806. Critical level for this scenario is 1.3026.

Alternative scenario: Breakdown and consolidation of the price above the level of 1.3026 will trigger further rise in the pair to 1.3150 – 1.3350.

EURUSD Wave analysis and forecast for 30.06 – 07.07

Wave analysis and forecast for 30.06 – 07.07: Uptrend continues.

Estimated pivot point is at the level of 1.1313.

Analysis: Presumably, on the four-hour timeframe the formation of the uptrend continues as third wave of the senior level 3. At the moment, it seems that the fifth wave v of 3 is being formed, within which correction (ii) has completed and the third wave of the junior level (iii) is being developed. If this assumption is correct, the pair may continue to rise up to the levels of 1.1550 – 1.1650. Critical level for this scenario is 1.1313.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.1313 may trigger further decline in the pair to 1.1245.

30 June 2017 To 07 July 2017 Weekly Technical Analysis

http://www.forexguru.pk/free-urdu-forex-technical-analysis-signals-in-pakistan/30-june-2017-to-07-july-2017-weekly-technical-analysis/

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Wave analysis and forecast for 30.06 – 07.07: Downtrend continues.

Estimated pivot point is at the level of 1.3203.

Analysis: Supposedly, a descending impetus continues to develop within the 4-hour time frame in a form of the first wave i of C. Apparently, the third wave of junior level (iii) continues to form locally. If this assumption is correct, then after completion of the upward correction (iv) the pair can continue to decline to 1.2800. Critical level for this scenario is 1.3203..

Alternative scenario: Breakout and consolidation of the price above the level of 1.3203 will trigger further rise in price to 1.3560.

Wave analysis and forecast for 30.06 – 07.07: Downtrend dominates.

Estimated pivot point is at the level of 0.9675.

Analysis: Presumably, on the four-hour timeframe, the formation of the downtrend continues in the third wave 3 of the senior level. Locally it seems that the development of the wave v of 3 continues within which the third wave of the junior level (iii) is being developed. If this assumption is correct, the pair can continue to decline to 0.9500 – 0.9400. Critical level for this scenario is 0.9675.

Alternative scenario: Breakout and consolidation of the price above the level of 0.9675 will trigger further rise in the pair up to 0.9770.

Wave analysis and forecast for 30.06 – 07.07: The pair is likely to rise.

Estimated pivot point is at the level of 110.90.

Analysis: Presumably, the formation of the third wave iii continues in the wave C of the senior level. level. Locally, it is likely that the third wave of the junior level (iii) is being developed, within which the correction ii of (iii) is nearing completion. If this assumption is correct, the pair can continue to rise up to 114.36. Critical level for this scenario is 110.90.

Alternative scenario: Breakout and consolidation of the price below the level of 110.90 will trigger further decline in the pair up to 109.90 – 108.80.

USDJPY

EURUSD Wave analysis and forecast for 30.06 – 07.07

Wave analysis and forecast for 30.06 – 07.07: Uptrend continues. Downward correction is possible.

Estimated pivot point is at the level of 1.1117.

Analysis: Presumably, the formation of the uptrend as third wave of the senior level 3 continues on the four-hour timeframe. At the moment, it seems that the fifth wave v of 3 is being formed, within which upward impetus has been formed as the wave (i) of v. If this assumption is correct, in the short-term the pair can decline as part of the correction to 1.1283 – 1.1245. After the completion of the correction (ii) the pair may continue to rise. Critical level for this scenario is 1.1117.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.1117 may trigger further decline in the pair up to 1.0910.

Wave analysis and forecast for 30.06 – 07.07: Uptrend continues.

Estimated pivot point is at the level of 1.2906.

Analysis: Presumably, the formation of the fifth wave of the senior level continues on the four-hour timeframe. At the moment, it is likely that the formation of the upward impetus as the wave i of 5, continues. If this assumption is correct the pair can continue to rise up to 1.3150. Critical level for this scenario is 1.2906.

Alternative scenario: Breakdown and consolidation of the price below the level of 1.2906 will trigger further decline in the pair to 1.2704.