FOREX ANALYSIS

FOREX MARKET Wave analysis and forecast for 28/06/2019 – 5/07/2019

EUR/USD: 

Correction is completed, the pair EUR/USD is likely to continue growing. Estimated pivot point is at a level of 1.1297.

Main scenario: long positions will be relevant from corrections above the level of 1.1297 with a target of 1.1460 – 1.1570.

Alternative scenario: Breakout and consolidation below the level 1.1297 will allow the pair to continue declining to the levels of 1.1180 – 1.1115.

GBP/USD:

Correction is completed, the pair GBP/USD is likely to continue growing. Estimated pivot point is at a level of 1.2508.

Main scenario: long positions will be relevant from corrections above the level of 1.2508 with a target of 1.3178 – 1.3377.

Alternative scenario: Breakout and consolidation below the level of 1.2508 will allow the pair to continue declining to the levels of 1.2241 – 1.2101.

XAU/USD:

The pair XAU/USD is still likely to grow. Estimated pivot point is at a level of 1346.73.

Main scenario: long positions will be relevant from corrections above the level of 1346.73 with a target of 1484.01 – 1585.56.

Alternative scenario: Breakout and consolidation below the level of 1346.73 will allow the pair to continue declining to the levels of  1264.18 – 1158.90.

USD/JPY: 

Downward correction is completed, the pair USD/JPY is likely to grow. Estimated pivot point is at a level of 106.50.

Main scenario: long positions will be relevant above the level of 106.50 with a target of   108.77 – 110.67. 

Alternative scenario: breakout and consolidation below the level of 106.50 will allow the pair to continue declining to a level of 104.50. 

USD/CHF: 

Correction is completed, the pair USD/CHF is likely to grow. Estimated pivot point is at a level of 0.9693.

Main scenario: long positions will be relevant from corrections above the level of 0.9693 with a target of 1.0016 – 1.0099. 

Alternative scenario: breakout and consolidation below the level of 0.0.9693 will allow the pair to continue declining to a level of 0.9556.

USD/CAD:

Correction is nearing completion, the pair USD/CAD is likely to grow. Estimated pivot point is at a level of 1.3064.

Main scenario: long positions will be relevant above the level of 1.3064 with a target of 1.3567 – 1.3700. 

Alternative scenario: Breakout and consolidation below the level of 1.3064 will allow the pair to continue declining to the levels of 1.2910 – 1.2797.