USDCAD Wave analysis and forecast for 31.03 – 07.04

Wave analysis and forecast for 31.03 – 07.04: The pair is likely to decline.

Estimated pivot point is at the level of 1.3400.

Analysis: Presumably, the formation of the third wave of the senior level iii of C continues, within which upward correction as the wave (ii) has completed. . Locally, it is likely that the one-two impetus of the junior level i of (iii) has been formed. If this assumption is correct, the pair can continue to decline to 1.3150. Critical level for this scenario is 1.3400.

Alternative scenario: Breakout and consolidation of the price above the level of 1.3400 will trigger further rise in the pair up to 1.3500.

USDJPY Wave analysis and forecast for 31.03 – 07.04

Wave analysis and forecast for 31.03 – 07.04: Upward correction is ongoing. The rise in the pair is likely to continue.

Estimated pivot point is at the level of 110.10.

Analysis: Presumably, the formation of the third wave iii of the senior level continues. Locally, it is likely that the downward impetus as the wave (i) of iii has been formed and the upward correction (ii) is being formed. If this assumption is correct, the pair may continue to rise up to 112.65 – 113.26. Critical level for this scenario is 110.10.

Alternative scenario: Breakdown and consolidation of the price below the level of 110.10 will trigger further decline in the pair up to 109.00 – 108.00.

GBPUSD Wave analysis and forecast for 31.03 – 07.04

Wave analysis and forecast for 31.03 – 07.04: Downward correction in the pair is likely to continue.

Estimated pivot point is at the level of 1.2523.

Analysis: Presumably, the formation of the upward correction as the wave 4 of the senior level continues. Within this wave the wave b of 4 is being developed. Locally, it is likely that one-two first wave (i) has been formed and the downward correction in the wave (ii) is being developed. If this assumption is correct, the pair may continue to decline to 1.2300. Critical level for this scenario is 1.2523.

Alternative scenario: Breakout and consolidation of the price above the level of 1.2523 will trigger further rise in the pair up to 1.2705.

USDCHF Wave analysis and forecast for 31.03 – 07.04

Wave analysis and forecast for 31.03 – 07.04: The pair is likely to decline within correction.

Estimated pivot point is at the level of 1.0020.

Analysis: Presumably, the formation of the downward correction as the wave 2 of the senior level has completed. Locally, it is likely that the one-two impetus as the wave (i) has been formed. If this assumption is correct, the downward correction in the pair can continue to the level of 0.9891 within the wave (ii). Critical level for this scenario is 1.0020.

Alternative scenario: Breakout and consolidation of the price above the level of 1.0020 will trigger rise in the pair up to 1.0160.

EURUSD Wave analysis and forecast for 31.03 – 07.04

Wave analysis and forecast for 31.03 – 07.04: The as part is likely to rise within correction.

Estimated pivot point is at the level of 1.0667.

Analysis: Presumably, the formation of the upward correction as the fourth wave of the senior level has completed. Locally, it seems that the fifth wave is being developed, within which one-two impetus (i) of the junior level has been formed. If this assumption is correct, the pair may continue to rise to 1.0790 as part of the correction. Critical level for this scenario is 1.0667.

Alternative scenario: Breakout and consolidation of the price below the level of 1.0667 may trigger further decline in the pair to 1.0600 – 1.0500.

USDCAD Wave analysis and forecast for 10.03 – 17.03

Wave analysis and forecast for 10.03 – 17.03: It is expected that the upward correction will soon complete.

Estimated pivot point is at the level of 1.3600.

Analysis: Presumably, the formation of the wave C of the senior level continues. Locally it is likely that the upward correction, as the wave ii of C, is nearing completion. Within this wave a zigzag (a)(b)(c) is being formed with the extending wave (c). If this assumption is correct, the pair can decline to 1.3300 – 1.3240. Critical level for this scenario is 1.3600.

Alternative scenario: Breakout and consolidation of the price above the level of 1.3600 will trigger further rise in the pair up to 1.3700.

USDJPY Wave analysis and forecast for 10.03 – 17.03

Wave analysis and forecast for 10.03 – 17.03: Upward correction continues.

Estimated pivot point is at the level of 114.26.

Analysis: Presumably, the formation of the wave (С) of the senior level continues. Locally, it is likely that the formation of the upward correction as the second wave continues, within which the wave (c) of ii is being formed. If this assumption is correct, the pair may continue to rise up to 116.50. Critical level for this scenario is 114.26.

Alternative scenario: Breakout and consolidation of the price below the level of 114.26 will trigger further decline to 111.65.

Wave analysis and forecast for 10.03 – 17.03: The pair is undergoing correction. The decline is likely to continue.

Estimated pivot point is at the level of 1.0157.

Analysis: Presumably, the formation of the first wave I within the third wave of the senior level continues. Locally, it is likely that the downward correction ii of 3 is being developed within which a wave (a) is being formed. If this assumption is correct, the decline in the pair can continue to 1.0050 – 1.0014. Critical level for this scenario is 1.0157.

Alternative scenario: Breakout and consolidation of the price above the level of 1.0157 will trigger the rise in the pair to 1.0220 – 1.0280.

Our opinion: Sell the pair from correction below the level of 1.0157 with the target of 1.0050 – 1.0014.

GBP/USD Wave analysis and forecast for 10.03 – 17.03

Wave analysis and forecast for 10.03 – 17.03: The pair is likely to rise.

Estimated pivot point is at the level of 1.2131.

Analysis: Presumably, the formation of the upward correction as the wave 4 of the senior level continues. Locally, it seems that the wave (c) of b of 4 has completed. If this assumption is correct, the pair may resume growth up to 1.2300 – 1.2476. Critical level for this scenario is 1.2131. Breakdown of this level may trigger further decline in the pair up to 1.1989.

Alternative scenario: Breakout and consolidation of the price below the level of 1.2131 will trigger further decline in the pair to 1.1989.

EUR/USD Wave analysis and forecast for 10.03 – 17.03

Wave analysis and forecast for 10.03 – 17.03: The pair is likely to decline.

Estimated pivot point is at the level of 1.0614.

Analysis: Presumably, the formation of the fifth wave 5 of the senior level continues, within which the third wave iii of 5 is being developed. Locally, it seems that the upward correction as the wave (ii) of iii is completed. If this assumption is correct, the pair may continue to decline to 1.0420 – 1.0350. Critical level for this scenario is 1.0614.

Alternative scenario: Breakout and consolidation of the price above the level of 1.0614 may trigger further rise in the pair up to 1.0660 – 1.0700.