ADVERTISEMENT



Wave analysis and forecast for 09.09.2016 - 16.09.2016 by LiteForex  

 

 

EUR/USD Wave analysis and forecast for 09.09 – 16.09: The pair is undergoing correction. The pair is likely to decline.

Estimated pivot point is at the level of 1.1324.

Our opinion: Sell the pair from correction below the level of 1.1324 with the target of 1.1120 – 1.0930.

Alternative scenario: Breakout and consolidation of the price above the level of 1.1324 may trigger the rise in the pair to 1.1427.

Analysis: Presumably, the formation of the downward correction of the senior level continues, within which the wave c of 2 is being developed. Locally it is likely that that upward correction as the wave (ii) has completed. If this assumption is correct, the pair can decline to 1.1120 or further down in the third wave (iii).

lite09092016 1

lite09092016 2

 

GBP/USD Wave analysis and forecast for 09.09 – 16.09: The rise in the pair is likely to continue.

Estimated pivot point is at the level of 1.3060.

Our opinion: Buy the pair from correction above the level of 1.3060 with the target of 1.35.

Alternative scenario: Breakout and consolidation of the price below the level of 1.3060 will enable the pair to continue decline to 1.2864 or further down.

Analysis: Presumably, the formation of the correction, as the wave 2 continues. Locally, it is likely that the wave c of 2 is being formed, within which the third wave (iii) has been formed and the correction as the fourth wave (iv) has completed. If this assumption is correct the pair can rise up to 1.35. Critical level for this scenario is 1.3060.

lite09092016 3

lite09092016 4

 

USD/CHF Wave analysis and forecast for 09.09 – 16.09: The pair is likely to grow.

Estimated pivot point is at the level of 0.9647.

Our opinion: Buy the pair from correction above the level of 0.9647 with the target of 0.9884 – 0.9962.

Alternative scenario: Breakout and consolidation of the price below the level of 0.9647 will trigger the decline to 0.95 or further down.

Analysis: Presumably, the formation of the upward correction as the second wave of the senior level ii continues. Locally, it is likely that the final wave (с) of ii is being developed, within which downward correction has completed as the wave ii of (c). If this assumption is correct, the pair may rise up to 0.9884 – 0.9962. Critical level for this scenario is 0.9647.

lite09092016 5

lite09092016 6

 

USD/JPY Wave analysis and forecast for 09.09 – 16.09: The pair is likely to decline.

Estimated pivot point is at the level of 104.29.

Our opinion: Sell the pair from correction below the level of 104.29 with the target of 98.90 – 95.00.

Alternative scenario: Breakout and consolidation of the price above the level of 104.29 will trigger the rise in the pair up to 109.00 – 110.00.

Analysis: Presumably, the formation of the fifth wave as a diagonal triangle continues in the wave A. Locally it is likely that the third wave of the junior level (iii) of v of A is being formed, within which the wave с) of (iii) is being developed. If this assumption is correct, the pair will continue to decline to 98.90 – 95.00. Critical level for this scenario is 104.29.

lite09092016 7

lite09092016 8

 

USD/CAD Wave analysis and forecast for 09.09 – 16.09: The pair is likely to decline.

Estimated pivot point is at the level of 1.3144.

Our opinion: Sell the pair from correction below the level of 1.3144 with the target of 1.2480.

Alternative scenario: Breakdown and consolidation of the price above the level of 1.3144 will trigger further rise in the pair up to 1.3320.

Analysis: Presumably, the formation of the upward correction of the senior level as the wave B. Locally, it seems that the third wave of the junior level is being developed (iii), within which an impetus as the third wave i of (iii) has been formed and the correction as the second wave ii is being formed. If this assumption is correct, after correction the pair may continue to decline to 1.2480. Critical level for this scenario is 1.3144.

lite09092016 9

lite09092016 10

 

Source: http://www.liteforex.com/

Read 728 times

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

Newsletter Subscription Form

You are more than welcome to subscribe to our Newsletter and be among the first who get to hear about regular updates on forex and other related news, brokers' updates, websites' changes and more!
I agree with the Terms and conditions and the Privacy policy
Thank you!