Wave forex forecast for the week 04.07.2016 - 08.07.2016: EUR / USD - is expected to grow! - 2 July 2016 - free no deposit forex bonus
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Main » 2016 » July » 2 » Wave forex forecast for the week 04.07.2016 - 08.07.2016: EUR / USD - is expected to grow!
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Wave forex forecast for the week 04.07.2016 - 08.07.2016: EUR / USD - is expected to grow!

 

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EUR / USD Wave analysis and forecast of the euro the dollar on the week 04.07 - 08.07.2016 : expected growth of the pair. Estimated pivot point is at 1.1020. Our view: Buy a pair of correction above 1.1020 level with the aim of 1.1230 - 1.1424. Alternative scenario: A break and fixing prices below the level of 1.1020 will allow the pair to continue to decline to marks 1.09 - 1.08.




 

 

 

Analysis : Presumably, formation of a downward correction in the senior level as wave ii of 3 within the four hour timeframe. At the moment, apparently, started the third wave iii of 3 development, in which frameworks the wave lead-junior level (i). If the assumption is true, it is logical to expect continuation of growth of pair to marks 1.1230 - 1.1424 and above

 

GBP / USD wave analysis and forecast of the dollar the pound for the week 04.07 - 08.07.2016 :. Pair is expected to increase in the correction Estimated pivot point is at 1.3526. Our view : Buy the pair at 1.3526 breakout level with the aim of 1.4060 - 1.4280. Alternative : Reducing the pair below the level of 1.31, and the formation of extension of the wave structure of the wave 1 of (5). Analysis: Presumably, formation of the first wave 1 of (5), which takes the form of a wedge. Locally, apparently developing fifth wave v of junior level 1, and if the assumption is true, after its end it is logical to expect a reversal formation and growth of the pair in the correction marks to 1.4060 - 1.4280. 


 

 


USD / CHF wave analysis and forecast of the dollar exchange rate on the franc 04.07 - 08.07.2016 :. Is expected to decrease in pair Estimated pivot point is at 0.9838. Our opinion: Sell the pair from correction below 0.9838 with the aim of 0.9510 - 0.93. Alternative scenario: A break and fixing prices above the level of 0.9838 will allow the pair to continue to grow to 1.0 marks - 1.0100. Analysis: Presumably, formation of the third wave iii senior level. At the moment, it seems to complete the formation of an upward correction in wave (ii), and if the assumption is true, it is logical to expect decrease in pair to 0.9510 marks - 0.93. Critical to this scenario is the level of 0.9838, the breakdown of which will lead to the continuation of prices growth.



 

 

USD / JPY wave analysis and forecast of the dollar, the yen exchange rate for the week 04.07 - 07.08.2016 :. Downtrend in force Estimated pivot point is at 103.46. Our opinion: Sell the pair from correction below the level of 103.46 with the purpose of 97.70. Alternative scenario: A break and fixing prices above the level of 103.46 will allow the pair to continue to grow to the level of 106.80. Analysis: The formation of long-term downward trend, in which the allegedly developing fifth wave. At the moment, it seems to complete the formation of a local correction (iv) as a fourth wave, and if the assumption is true, then the pair will continue to decline to around 97.70. Critical to this scenario is the level of 103.46.


 

 

USD / CAD Forex Wave analysis and forecast for the week 04.07 - 08.07.2016 : The correction is completed. Estimated pivot point is at 1.2912. Our view : Buy a pair of correction above 1.2912 level with the aim of 1.3175. . In case of breakdown and consolidation below 1.2912, with the aim to sell 1.2630 Alternative scenario : A break and consolidation below the price level of 1.2912 will allow the pair to continue to fall to 1.2630 marks - 1.25. Analysis : Presumably, the formation of the upward correction within wave in the senior level. At the moment, apparently, comes from the formation of a wave of B, in which finished fourth wave (iv) of the diagonal triangle. If the assumption is true, it is logical to expect continuation of growth of pair to the 1.3175 mark during the fifth wave (v). Critical to this scenario is the level of 1.2912.


 

 

 

 

The author analyzes - 
Alexander Geuta, 
trader and analyst LiteForex

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