Wave forex forecast for the week 16.05 - 20.05.2016: EUR / USD - correction reduction in force! - 13 May 2016 - free no deposit forex bonus
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Main » 2016 » May » 13 » Wave forex forecast for the week 16.05 - 20.05.2016: EUR / USD - correction reduction in force!
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Wave forex forecast for the week 16.05 - 20.05.2016: EUR / USD - correction reduction in force!

 

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 EUR / USD traded Forex Wave analysis and forecast for the week 16.05 - 20.05.2016 : EUR Bearish Correction continues.

Estimated pivot point is at 1.1216.


Opinion : Expect the completion of the correction and buy euro above the level of 1.1216 with the medium-term objective 1.18 - 1.20.


Alternative: A break and consolidation course ervo below 1.1216 will allow the pair EUR / USD to continue to fall to 1.1140 marks - 1.1050.

 

 

Analysis of the course euro : Presumably, formation of the upward trend in the framework iii senior level of the third wave. At the moment, apparently, there is a development of the third wave (iii) of iii junior level, under which formed filar impulse i of (iii) and the formation of the bearish correction as ii of (iii) wave. If the assumption is true, after its end it is logical to expect continuation of growth of pair to marks 1.18 - 1.20.Critical to this scenario is the level of 1.1216, in case of breaking which the pair will continue to fall to 1.1140 marks - 1.1050 within the senior level correction.


EURUSD H1

EURUSD H4

EURUSD Daily



Rate GBP / USD wave analysis and forex forecast for the week 16.05 - 05.20.2016 :. British currency is expected to decrease in quotations Estimated pivot point is at 1.4520. Opinion : Selling the pound dollar pair from correction below 1.4520 with the aim 1.42. Alternative : Breakdown and strengthening of the pound dollar above the level of 1.4520 will allow the pair GBPUSD continue to grow to the level of 1.4766. Analysis GBP : Presumably, formation of an upward correction in the fourth wave 4 senior level. Locally, most likely, it has begun decrease in pair in the fifth wave 5 within which formed the first wave (i) junior level and a correction thereto (ii) as the form of an irregular plane. If the assumption is true, the pair continued to decline in the third wave to around 1.42. Critical to this scenario is the level of 1.4520.










 



GPBUSD H1

GPBUSD H4



Rate USD / CHF wave analysis and forex forecast for 16.05 - 05.20.2016 : expected continuation of dollar franc. Estimated pivot point is at 0.9659. Opinion : Buy a pair of usd chf correction above 0.9659 level with the aim of 0.98 - 0.99. Alternative: Breakdown and fixing prices below the level of 0.9659 will allow the pair to continue to decline to around 0.95. Analysis of USD / CHF : Presumably, formation of an upward correction in the second wave ii, which takes the form of a plane (a) (b) (c ). At the moment, apparently, there is a development of wave (c) of ii, in which formation of the impulse expected. If the assumption is true, then the pair will continue to rise to the level of 0.99. Critical to this scenario is the level of 0.9659.









 



USDCHF H1

USDCHF H4



USD / JPY Forex Wave analysis and forecast for the week 16.05 - 05.20.2016 : The appreciation of the dollar against the yen continues. Estimated pivot point is at 108.12. Opinion : Buy a couple of dollar yen by Corrections higher level of 108.12 with the aim of 110.64. Alternative : Breakdown and fixing prices below the level of 108.12 will allow the pair to continue to decline marks 106.36 - 105.50. course Analysis of the dollar, the yen : Presumably, formation of an upward correction in the fourth wave of the senior level. At the moment, apparently, there is a formation of a wave (a) of iv, in which presumably the impulse. If the assumption is true, then the pair will continue to rise to the level of 110.64. Critical to this scenario is the level of 108.12, a break of which will lead to a reduction of the pair to the level of 106.36.










 


USDJPY H4

USDJPY Daily



Rate USD / CAD Wave forecast for the week 16.05 - 05.20.2016 : expected growth in USD / CAD quotes.Estimated pivot point is at 1.2767. Opinion : BUY USD / CAD from the correction above 1.2767 level with the aim 1.33. Alternative : Breakdown and consolidation course USD / CAD below 1.2767 will allow the pair to continue to decline to around 1.2450. course Analysis USD / CAD : Presumably, formation of the downward momentum in the framework of wave A. at the moment, appear to develop upward correction began as wave B within where there is a formation of wave a of B. If the assumption is true, and the price will not break the critical level of 1.2767, it is logical to expect continuation of growth of pair to marks 1.33 - 1.3540 - 1.38.









 


USDCAD H1

USDCAD H4

 

The author analyzes - 
Alexander Geuta, 
trader and analyst LiteForex

 

Views: 96 | Added by: mik | Tags: forecast the pound dollar, forex forecast, euro dollar forecast, euro sales, Forex, forex trading forecast for the week, Euro | Rating: 0.0/0
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