EUR / USD wave analysis and forex forecast for the week 12.10 -10.16.15: The probability of devaluation of the euro against the dollar persists.
The pivot: presumably at the level of 1.1460.
Opinion: The euro dollar sales by the corrections below 1.1460, with the aim of 1.0950. In the case of the breakdown level of 1.1460, with the aim of buying a pair of 1.16 - 1.17.
Alternative: The breakdown level and fixing prices above the level of 1.1460, the pair will allow growth to continue marks 1.16 - 1.17.
Analysis of the dollar euro exchange rate: Presumably, formation of correction as the second wave of the two senior levels, under which formed Double Zigzag wxy. Locally, apparently develops a wave y of 2 in the form of a zigzag, in which, formation of wave (b), and is expected to decline to around 1.0950 in the wave (s). Critical to this scenario is the level of 1.1460, a break of which will continue to grow a pair of marks to 1.16 - 1.17.
GBP / USD wave analysis and forex forecast the pound dollar for the week 12.10 - 10.16.15: expected growth of quotations of the dollar the pound. The pivot: presumably at the level of 1.5100. Opinion: Buy Sterling corrections from above 1.5100 for the purpose of 1.58 - 1.59. Alternative: Breakdown and consolidation quotes the Briton below 1.5100, will allow the pound dollar continued its decline to marks 1.4950 - 1.49. The analysis of the pound dollar: Presumably, formation of the correction of senior level within wave B of (2), which took the form of an irregular plane with Diagonal Triangle (FTC) in wave c of B. Locally, apparently formed filar impetus to junior level, as the wave (i). If the assumption, truly the pair will continue to rise in the wave With of (2) to marks 1.60 - 1.63. Critical for this scenario is the level of 1.51.
USD / CHF wave analysis and forex forecast the dollar franc on the week 12.10 - 10.16.15: The dollar will probably decline in the franc. The pivot: presumably at the level of 0.9840. Opinion: Sales usd chf pair below 0.9840 with the aim of 0.9130. In the case of the breakdown level of 0.9840, buying the pair with a take 1.0130. Alternative: Breakdown and consolidation quotes usd chf above 0.9840, will allow the exchange rate to continue to rise to the markings 1.0 - 1.0130. Analysis of the dollar franc: Presumably, formation of wave C in the second wave 2 senior level. Locally, apparently completed correction as the second wavelength (ii) a junior level, and started to develop waves (iii). If the assumption is true, and the price not breaking critical level of 0.9840, the pair will continue to fall to around 0.9130.
USD / JPY wave analysis and forex forecast dollar yen for the week 12.10 - 10.16.15: The dollar, the yen is expected to decrease. The pivot: presumably at the level of 120.57. Opinion: Sales dollar yen pair from the corrections below 120.57 with a profit at 115.00 - 114.00 . In the case of the breakdown level of 120.57, buying a Take 122.00. Alternative: Breakdown and strengthening of the dollar, the yen above 120.57 will allow the dollar against the yen to continue to grow, to marks 122.00 - 124.00. Analysis of the dollar, theyen: Presumably, formation of a triangle within wave b of A of (4) the expected zigzag. Locally, apparently began the development of a wave with of A, in which was formed filar impulse (i), and the correction in the form of Irregulars (ii). If the assumption is true, and the price not breaking critical level of 120.57, it is logical to expect decrease in pair to the 115.00 mark.
USD / cad Wave analysis and forex forecast for the week 12.10 - 10.16.15: USDCAD is expected to decrease in quotations in the medium-term correction. The pivot: presumably at the level of 1.3450. Opinion:Sales of corrections USDCAD below the level of 1.3450 with a profit at the 1.2485 mark. In the case of the breakdown level of 1.3450, USDCAD purchase with Target 1.36. Alternative: A break and consolidation USDCAD quotes above 1.3450, the pair will enable up to a mark of 1.36. Analysis of the course USDCAD:complete the formation of the upward momentum in the third wave of senior-level (3). Currently, most likely, formation of large "bear" as a correction in the fourth wave. Locally supposedly ended the downward momentum in the first wave of junior level (i), and is expected upward correction (ii). If the assumption is true, after its end it is logical to expect continuation of decrease in pair to 1.2485 marks. Critical to this scenario is the level of 1.3450, a break of which would lead to the continuation of growth of pair in the level of 1.36 - 1.37.
The author analyzes -
treyder analyst LiteForex