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Analysis       

 

Wave analysis and forecast for 26.04 – 03.05

 

EUR/USD: Wave analysis and forecast for 26.04 – 03.05: The pair is likely to decline. Our pivot point is at the level of 1.3200.
Our opinion: Sell the pair below the level of 1.3200 with the target levels of 1.27 – 1.28.
Alternative scenario: Breakdown of the level 1.32 will enable the pair to continue growth to the levels of 1.33 – 1.34.
Analysis: Presumably, the formation of ascending correction as the second wave of the downtrend has completed. It is not ruled out that the waves 1-2-1-2 have been formed.
EURUSD H4

EURUSD Dayli

GBP/USD Wave analysis and forecast for 26.04 – 03.05: Formation of the upward correction. Our pivot point is at the level of 1.52.
Our opinion: Wait until formation of upward correction is completed and then sell the pair with the target levels of 1.50 – 1.48.
Alternative scenario: Growth will continue up to the levels 50% - 1.56 and above.
Analysis: Presumably, the formation of the upward correction as the second wave in the shape of triple zigzag wxyxz. is nearing completion. Locally, formation of the of the last wave z of 2.is ongoing.
GPBUSD H4

GPBUSD Dayli

USD/CHF Wave analysis and forecast for 26.04 – 03.05: The pair may continue to decline. Our pivot point is at the level of 0.9525.
Our opinion: Sell the pair below the level of 0.9525 with the target of 0.92 – 0.91.
Alternative scenario: Breakdown of the level 0.9525 will deepen correction of the higher level and enable the rise in price to the levels of 0.97 – 0.9750.
Analysis: Presumably, the first wave i of 3 in the shape of diagonal is being formed. Locally, formation of the fourth wave of diagonal 4 of I is nearing completion.
USDCHF H4

USDCHF Daily

USD/JPY Wave analysis and forecast for 26.04 – 03.05: The pair is likely to decline. Our pivot point is at the level of 98.42.
Our opinion: Sell the pair in case of breakdown and consolidation below the level of 98.42 with the target of 96.0 – 94.0.
Alternative scenario: Breakdown of the level of 100.0 will trigger the rise in the pair to the level of 101.0.
Analysis: Presumably, significant correction in the fourth wave of the higher level is nearing completion. Locally, formation of the final diagonal triangle in the fifth wave is nearing completion. It is not excluded that the price can soar up to the level of 101.0.
USDJPY H4

USDJPY Dayli

USD/СAD Wave analysis and forecast for 26.04 – 03.05: Upward trend prevails; the pair is likely to rise. Our pivot point is at the level of 1.0076.
Our opinion: Buy the pair above the pair 1.0076 with the target level of 1.04.
Alternative scenario: Breakdown of the level of 1.0076 will cause the decline in the pair to the level of 1.00 and further down.
Analysis: Presumably, the second wave ii of 5 of (С) is nearing completion. If this assumption is correct, upward trend in the pair will continue.
USDCAD Dayli

USDCAD Dayli
 

Disclaimer
Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose.

There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency.

More over, the leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call within the time prescribed, your position will be liquidated and you will be responsible for any resulting losses. Investors may lower their exposure to risk by employing risk-reducing strategies such as 'stop-loss' or 'limit' orders.

 

 

 

 

 

                                   

                           

 

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. This website is neither a solicitation nor an offer to Buy or Sell currencies, futures, or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Website owners and affiliates will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.