USD/JPY Wave analysis and forecast for 12.01 – 19.01

Estimated pivot point is at a level of 111.87.

Main scenario: short positions will be relevant from corrections below the level of 111.87 with a target of 110.13.

Alternative scenario:breakout and consolidation above the level of  111.87 will allow the pair to continue rising to a level of 113.40.

Analysis: Supposedly, a descending correction in the form of the wave 2 of senior level continues developing within the 4-hour time frame. Apparently, the wave c of 2 is now developing locally. If this assumption is correct, the pair will continue to  drop to 110.13. The level 111.87 may be critical in this scenario.

USD/CHF wave analysis and forecast for 05.01 – 12.01

Estimated pivot point is at a level of  0.9800.

Main scenario: short positions will be relevant below level 0.9800 with a target of 0.9610.

Alternative scenario:  breakout and consolidation above level  0.9800 will allow the pair to continue rising to the level of 0.9915.

Analysis: supposedly a descending correction in the form of wave (B) of senior level continues developing within 4-hour timeframe. Apparently, bullish momentum continues developing is in the form of wave (c) of ii, wave (v) of c started formation inside. If the presumption is correct, the pair may continue declining to the levels 0.9655 – 0.9610. The level 0.9800 is critical in this scenario.

USD/СAD wave analysis and forecast for 05.01 – 12.01

Estimated pivot point is at a level of  1.2465. 

Main scenario: long positions will be relevant from corrections above the level of 1.2465 with a target of 1.2792 – 1.2920

Alternative scenario:  breakout and consolidation below level 0.9800 will allow the pair to continue declining to the level of 1.2390.

Analysis: supposedly, the correction has completed within 4-hour timeframe in the form of wave (2) of 5 of senior level, currently shaped like a plane, and reached the correctional level of 50%.  Apparently, the price is starting to reverse. If the presumption is correct, it is reasonable to expect the pair rise to the levels of 1.2792 – 1.2920. The level 1.2390 is critical in this scenario. The pair will continue declining, having outbroken this level.

GBP/USD wave analysis and forecast for 05.01 – 12.01

Estimated pivot point is at a level of 1.3494.  

Main scenario: long positions will be relevant from corrections above the level of 1.3494 with a target of 1.3657 – 1.3700.

Alternative scenario:  breakout and consolidation below level 1.3494 will allow the pair to continue drop to the level of 1.3296.

Analysis: supposedly, the fifth wave 5 of (1) of senior level continues developing within 4-hour timeframe. Apparently, the wave v of 5 of junior level is forming locally, the pair is likely to continue rise to the levels of 1.3657 – 1.3700 inside. If the presumption is correct, the pair the pair will continue to drop to the levels of 1.3657 – 1.3700 inside The level 1.3494.  is critical in this scenario.

EUR/USD wave analysis and forecast for 05.01 – 12.01

Estimated pivot point is at a level of 1.2090. 

Main scenario: short positions will be relevant from corrections below the level of 1.2090  with a target of 1.1947 – 1.1903.

Alternative scenario:  breakout and consolidation above level 1.2090  will allow the pair to continue rise to the level of 1.2230.

Analysis: supposedly, the fifth wave 5 in the form of diagonal triangle continues forming inside the first wave 1 of senior level within 4-hour timeframe. Apparently, the third wave iii of 5 has completed forming and wave iv of 5 is starting to form. If the presumption is correct, the pair will continue to drop to the levels of 1.1947 – 1.1903. The level 1.2090 is critical in this scenario.

USD/JPY wave analysis and forecast for 05.01 – 12.01

Estimated pivot point is at a level of 112.03. 

Main scenario: long positions will be relevant from corrections above the level of 112.03  with a target of 114.73.

Alternative scenario:  breakout and consolidation below level 112.03  will allow the pair to continue drop to the level of 1.3296.

Analysis: supposedly, wave (С) of senior level continues developing within 4-hour timeframe. Wave 3 of C started forming inside it. Apparently, the descending correction in the form ii of 3 has completed, and wave iii of 3 has started forming. If the presumption is correct, the pair will continue rising to the level of 114.73. The level 112.03 is critical in this scenario.

Estimated pivot point is at a level of 1.1901.

Main scenario: short positions will be relevant from corrections below the level of 1.1901 with a target of 1.1735 – 1.1650.

Alternative scenario: Breakout and consolidation above the level of  1.1901 will allow the pair to continue rising to a level of 1.1970 and higher.

Analysis: Supposedly, a descending correction in the form of the wave (2) continues developing in the 4-hour time frame, with an ascending correction in the form of the wave B completed and the wave C developing inside. Apparently, the first wave of junior level  i of C has been formed and the ascending correction in the form of the wave ii of C has finished locally. If the assumption is correct, the pair may be expected to continue falling to the level of 1.1735 – 1.1650. The level 1.1901 is critical in this scenario.

Estimated pivot point is at a level of 0.9828.

Main scenario: long positions will be relevant from corrections above the level of 0.9828 with a target of 0.9977 – 1.0036.

Alternative scenario: breakout and consolidation below the level of 0.0.9828 will allow the pair to continue declining to a level of  0.9734.

Analysis: supposedly, an ascending correction in the form of the wave (2) of senior level continues developing within the 4-hour time frame. Apparently, the first wave  С of (2) is forming locally, with the downward correction of junior level i of C completed in the form of the wave ii of C inside. If the presumption is correct, the pair may continue rising to the levels of 0.9977 – 1.0036. The level 0.9837 is critical in this scenario.

Estimated pivot point is at a level of 112.02.

Main scenario: long positions will be relevant above the level of 112.02 with a target of 114.73 – 115.77.

Alternative scenario: Breakout and consolidation below the level of 112.02 will allow the pair to continue declining to a level of 110.84.

Analysis: Supposedly, the wave C of senior level continues to develop in the 4-hour time frame, with the wave 3 of C forming inside. Apparently, the third wave of junior level  iii of 3 has started developing, with a counter-trend impetus (i) forming inside. If the presumption is correct, the pair will continue to rise to the levels of 114.73 – 115.77. The level 112.02 may be critical in this scenario.

Estimated pivot point is at a level of 1.2915.

Main scenario: short positions will be relevant from corrections below the level of 1.2915 with a target of 1.2590 – 1.2488.

Alternative scenario: breakout and consolidation above the level of  1.2915 will allow the pair to continue rising to a level of 1.3100.

Analysis: Supposedly, a correction continues to develop within the 4-hour time frame in the form of the wave 2 of (5) currently shaped like a plane. Apparently, the wave b of 2 has finished forming as an expanding horizontal triangle and a wave c of 2 has started developing, with an impetus in the form of a wave (i) of junior level forming inside.  If the presumption is correct, the pair will continue to drop to the levels 1.2590 – 1.2488. The level 1.2915 is critical in this scenario.

Estimated pivot point is at a level of 1.3543.

Main scenario: short positions will be relevant from corrections below the level of 1.3543 with a target of 1.3218 – 1.3030.

Alternative scenario: Breakout and consolidation above the level of 1.3543 will allow the pair to continue rising to a level of 1.3657.

Analysis: Supposedly, an ascending correction in the form of the wave В of (2) of senior level has stopped forming within the 4-hour time frame. Apparently, the wave C of (2) has started developing locally, with the wedge-shaped wave i of C formed and an ascending correction in the form of the wave ii of C developing inside. If the assumption is correct, the pair will continue falling to the levels 1.3218 – 1.3030 once the correction is over. The level 1.3543 is critical in this scenario.