USD/CHF Wave analysis and forecast for 09.02 – 16.02

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USD/CHF Wave analysis and forecast for 09.02 – 16.02

Estimated pivot point is at a level of  0.9528.

Main scenario: short positions will be relevant with a target of 0.9120 once correction has finished below the level of 0.9528.

Alternative scenario:Breakout and consolidation above the level of 0.9528 will allow the pair to continue rising to a level of 0.9615 – 0.9700.

Analysis: Supposedly, a downward trend within the first wave of senior level 1 of (3) continues to develop within the 4-hour time frame. Apparently, a local correction is now forming as the fourth wave iv of 1. If this assumption is correct, the pair will continue declining to a level of 1.0950 once the correction is over. The level 0.9528 may be critical in this scenario.

EUR/USD Wave analysis and forecast for 09.02 – 16.02

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EUR/USD Wave analysis and forecast for 09.02 – 16.02

Estimated pivot point is at a level of 1.2210.

Main scenario: long positions will be relevant above the level of 1.2210 with a target of 1.2540 – 1.2650.

Alternative scenario:Breakout and consolidation below the level of 1.2210 will allow the pair to continue declining to the levels of 1.2150 – 1.2020.

Analysis: Supposedly, the fifth wave 5 continues forming  within the first wave 1 of senior level within the 4-hour time frame. Apparently, a downward correction in the form of wave iv of 5 has finished locally and the fifth wave v of 5 has started forming. If the presumption is correct, the pair will logically rise to the  levels 1.2540 – 1.2650. The level of 1.2210 is critical in this scenario. Its breakout will allow the pair to continue falling to the levels 1.2150 – 1.2020.

GBP/USD Wave analysis and forecast for 09.02 – 16.02

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GBP/USD Wave analysis and forecast for 09.02 – 16.02

Estimated pivot point is at a level of 1.3835.

Main scenario: long positions will be relevant from corrections above the level of 1.3835 with a target of 1.4400 – 1.4500.

Alternative scenario: breakout and consolidation below the level of 1.3835 will allow the pair to continue declining to a level of 1.3480.

Analysis: The fifth wave 5 of (1) of senior level is supposed to continue forming within the 4-hour time frame. Apparently, a downward correction in the form of the fourth wave iv of 5 of (1)has finished forming. If the presumption is correct, the pair may continue growing to the levels of 1.4400 – 1.4500  as part of the wave v of 5. The level 1.3835 is critical in this scenario.

USD/JPY Wave analysis and forecast for 09.02 – 16.02

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USD/JPY Wave analysis and forecast for 09.02 – 16.02

Estimated pivot point is at a level of 108.25.

Main scenario: long positions will be relevant from corrections above the level of 108.25 with a target of 111.48.

Alternative scenario:Breakout and consolidation below the level of 108.25 will allow the pair to continue declining to a level of 107.30.

Analysis: Supposedly, a descending correction in the form of the wave 2 of senior level finished developing within the 4-hour time frame. Apparently, the wave 3 of senior level started forming now, with the first counter-trend wave of junior level (i) developed and the correction (ii) completed inside. If this assumption is correct, the pair will go on growing to the level of 111.48. The level 108.25 is critical in this scenario.

USD/JPY Wave analysis and forecast for 02.02 – 09.02

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USD/JPY Wave analysis and forecast for 02.02 – 09.02

Estimated pivot point is at a level of 108.30.

Main scenario: long positions will be relevant from corrections above the level of 108.30 with a target of 111.48.

Alternative scenario:Breakout and consolidation below the level of 108.30 will allow the pair to continue declining to a level of 107.30.

Analysis: Supposedly, a descending correction in the form of the wave 2 of senior level finished developing within the 4-hour time frame. Apparently, the wave 3 started forming now, with the first counter-trend wave of junior level (i) forming inside. If this assumption is correct, the pair will go on growing to the level of 111.48. The level 108.30 is critical in this scenario.

USD/СAD Wave analysis and forecast for 02.02 – 09.02

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USD/СAD Wave analysis and forecast for 02.02 – 09.02

Estimated pivot point is at a level of 1.2332.

Main scenario: short positions will be relevant from corrections below the level of 1.2332 with a target of 1.2220 – 1.2180.

Alternative scenario:breakout and consolidation above the level of  1.2332 will allow the pair to continue rising to a level of 1.2600.

Analysis: Supposedly, a descending correction of senior level in the form of the wave 2 of (5) continues to develop within the 4-hour time frame. Apparently, the wave c of 2 is forming now, with the fifth wave of junior level (v) of c forming inside. If the presumption is correct, the pair will continue to drop to the levels 1.2220 – 1.2180. The level 1.2332 is critical in this scenario.

USD/CHF Wave analysis and forecast for 02.02 – 09.02

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USD/CHF Wave analysis and forecast for 02.02 – 09.02

Estimated pivot point is at a level of  0.9389.

Main scenario: short positions will be relevant from corrections below the level of  0.9389 with a target of 0.9120 and lower.

Alternative scenario:breakout and consolidation above the level of  0.9389 will allow the pair to continue rising to a level of 0.9640.

Analysis: Supposedly, a downward trend within the third wave of senior level (3) continues to develop within the 4-hour time frame. Apparently, the first wave 1 of (3) is forming now, with the wave iii of 1 of junior level developing within. If this assumption is correct, the pair will go on dropping to the level of  0.9120 and lower. The level 0.9389 is critical in this scenario.

EUR/USD Wave analysis and forecast for 02.02 – 09.02

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EUR/USD Wave analysis and forecast for 02.02 – 09.02

Estimated pivot point is at a level of 1.2540.

Main scenario: short positions will be relevant below the level of 1.2540 with a target of 1.2340 – 1.2220.

Alternative scenario:breakout and consolidation above the level of 1.2540 will allow the pair to continue the rise up to the levels of 1.2650 – 1.2700.

Analysis: Supposedly, the fifth wave 5 continues forming  within the first wave 1 of senior level within the 4-hour time frame. Apparently, the third wave iii of 5 of junior level has been formed and a downward correction is developing now in the form of the wave iv of 5. If the presumption is correct, the pair will continue to drop to the levels 1.2340 – 1.2220. The level of 1.2540 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels 1.2650 – 1.2700.

GBP/USD Wave analysis and forecast for 02.02 – 09.02

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GBP/USD Wave analysis and forecast for 02.02 – 09.02

Estimated pivot point is at a level of 1.3981

Main scenario: long positions will be relevant from corrections above the level of 1.3981 with a target of 1.4400 – 1.4500.

Alternative scenario: breakout and consolidation below the level of 1.3981 will allow the pair to continue declining to a level of 1.3810.

Analysis: The fifth wave 5 of (1) of senior level is supposed to continue forming within the 4-hour time frame. Apparently, the third wave iii of 5 of junior level is forming locally, with the wave (v) of iii developing inside. If the presumption is correct, the pair will continue to rise to levels 1.4400 – 1.4500. The level 1.3981 is critical in this scenario.

USD/СAD Wave analysis and forecast for 26.01 – 02.02

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USD/СAD Wave analysis and forecast for 26.01 – 02.02

Estimated pivot point is at a level of 1.2487.

Main scenario: short positions will be relevant from corrections below the level of 1.2487 with a target of 1.2220.

Alternative scenario:Breakout and consolidation above the level of  1.2487 will allow the pair to continue rising to a level of 1.2600 and higher.

Analysis: Supposedly, a descending correction continues to develop within the 4-hour time frame in a form of the wave 2 of (5). Apparently, the wave c of 2 is forming now, with a local correction of junor level (iv) of c forming inside.  If the presumption is correct, the pair will continue to fall to a level of  1.2220 once the correction has been completed. The level 1.2487 is critical in this scenario.