Wave Analysis and Forecast.(weekly)

sony forex

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Apr 5, 2021
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Wave Analysis and Forecast.(weekly)

From Date: 08.10.2021 To Date: 15.10.2021 (Weekly Update)

The most popular currency pairs : EUR/USD, GBP/USD, USD/СAD, USD/JPY, USD/CHF, XAU/USD.
High-quality analyses provided by an independent wave analysis expert with many years of experience.
Signals and pivot points.

EURUSD-1.jpg
EUR/USD
Main scenario: consider short positions from corrections below the level of 1.1747 with a target of 1.1287 – 1.1161.
Alternative scenario: breakout and consolidation above the level of 1.1747 will allow the pair to continue rising to the levels of 1.1909 – 1.2269.
Analysis: Daily chart: the first wave of larger degree 1 of (3) is formed, and a downside correction continues forming as wave 2 of (3), with wave c of 2 unfolding as part of it. Apparently, the third wave of smaller degree (iii) of c is developing on the H4 chart. On the H1 chart there's wave i of (iii) of c formed, a local correction completed as wave ii of (iii), and wave iii of (iii) forming. If the presumption is correct, the pair will continue to drop to the levels of 1.1287 – 1.1161. The level of 1.1747 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels of 1.1909 – 1.2269.

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GBPUSD-2.jpg

GBP/USD
Main scenario: consider short positions from corrections below the level of 1.3918 with a target of 1.3157 – 1.2821.
Alternative scenario: breakout and consolidation above the level of 1.3918 will allow the pair to continue rising to the levels of 1.4050 – 1.4241.
Analysis: Daily chart: the first wave of larger degree (1) is formed, and a downside correction continues forming as wave (2). H4 chart: waves A of (2) and B of (2) are formed, and wave C of (2) is developing. Apparently, the first wave of smaller degree i of C is developing on the H1 chart, with a correction nearing completion as wave (iv) of i inside. If the presumption is correct, the pair will continue to drop to the levels of 1.3157 – 1.2821. The level of 1.3918 is critical in this scenario as a breakout will enable the pair to continue rising to the levels of 1.4050 – 1.4241.

GBPUSDH4.png

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USDCHF-4.jpg

USD/CHF
Main scenario: consider long positions from corrections above the level of 0.9204 with a target of 0.9506 – 0.9685.
Alternative scenario: breakout and consolidation below the level of 0.9204 will allow the pair to continue declining to the levels of 0.9103 – 0.9018.
Analysis: Daily chart: presumably, a descending first wave of larger degree (1) of 5 is formed, and an ascending correction is now developing as second wave (2) of 5. Wave C of (2) continues developing on the H4 chart. Wave i of C is formed, a corrective wave ii of C is completed, and wave iii of C is unfolding as parts of wave C of (2). The third wave of smaller degree (iii) of iii appears to have formed on the H1 chart, and a corrective wave (iv) of iii is developing at the moment. If the presumption is correct, the pair will continue to rise to the levels of 0.9506 – 0.9685 after correction. The level of 0.9204 is critical in this scenario. Its breakout will allow the pair to continue falling to the levels of 0.9103 – 0.9018.

USDCHFH4.png

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USDJPY-5.jpg

USD/JPY
Main scenario: consider short positions from corrections below the level of 112.08 with a target of 110.59 – 110.24.
Alternative scenario: breakout and consolidation above the level of 112.08 will allow the pair to continue rising to the levels of 113.50 – 115.00.
Analysis: Daily chart: apparently, a descending correction of larger degree finished forming as wave B, and wave С started developing, with the first wave (1) of С forming inside. The third wave of smaller degree 3 of (1) continues developing on the H4 chart, with wave i of 3 formed and a correction completed as wave ii of 3 inside. Apparently, wave iii of 3 started developing on the H1 chart, with wave (i) of iii formed and a downside correction developing as wave (ii) of iii inside. If the presumption is correct, the pair may be expected to drop to the levels of 110.59 – 110.24. The level of 112.08 is critical in this scenario as a breakout will enable the pair to continue growing to the levels of 113.50 – 115.00.

USDJPYH4.png

USDJPYDaily.png


USDCAD-3.jpg

USD/CAD
Main scenario: consider short positions from corrections below the level of 1.2650 with a target of 1.2478 – 1.2367.
Alternative scenario: breakout and consolidation above the level of 1.2650 will allow the pair to continue rising to the levels of 1.3090 – 1.3250.
Analysis: A descending correction appears to have formed as the fourth wave 4 of larger degree on the daily chart, with wave (С) of 4 completed and wave 5 unfolding inside. H4 chart: wave 1 of (1) of 5 is formed, and a downward correction is developing as wave 2 of (1) of 5, with wave b of 2 completed as part of it. Apparently, wave с of 2 is forming on the H1 chart. Inside it, there is the first wave of smaller degree (i) of c formed, a local correction (ii) of c completed, and the third wave (iii) of c unfolding. If the presumption is correct, the pair will continue to drop to the levels of 1.2478 – 1.2367. The level of 1.2650 is critical in this scenario as a breakout will enable the pair to continue rising to the levels of 1.3090 – 1.3250.

USDCADH4.png

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XAUUSD-6.jpg

XAU/USD
Main scenario: consider long positions from corrections above the level of 1719.63 with a target of 1915.00 – 2075.27.
Alternative scenario: Breakout and consolidation below the level of 1719.63 will allow the pair to continue declining to the levels of 1673.63 – 1602.20.
Analysis: Daily chart: an ascending third wave of larger degree (3) is formed, a descending correction developed as the fourth wave (4), and, supposedly, the fifth wave (5) started unfolding. H4 chart: apparently, the first wave of smaller degree 1of (5) is formed, a corrective wave 2 of (5) is completed, and wave 3 of (5) started unfolding. On the H1 chart, a local correction finished developing as wave ii of 3, supposedly, and wave iii of 3 is starting to form, with wave (i) of iii developing as part of it. If the presumption is correct, the pair will continue to rise to the levels of 1915.00 – 2075.27. The level of 1719.63 is critical in this scenario as a breakout will enable the pair to continue declining to the levels of 1673.63 – 1602.20.

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