EUR/USD Wave analysis and forecast of 05.12 – 12.12: The pair is likely to grow.

Estimated pivot point is at the level of 1.2280.

Our opinion: Buy the pair from correction above the level of 1.2280 with the target of 1.27 – 1.2750.

Alternative scenario: Breakout and consolidation of the price below the level of 1.2280 will enable the pair to continue the decline to the level of 1.22.

Analysis: Presumably, the formation of the fifth wave in the “bearish” impetus has completed. It is likely that now the first one-two wave i of the junior level has been formed and the local correction ii is developing. If this assumption is correct and the price does not break down the critical level of 1.2280, the pair will continue to rise to the levels of 1.27 – 1.2750.
EURUSD H1

EURUSD H4

EURUSD Daily

GBP/USD Wave analysis and forecast of 05.12 – 12.12: The pair is likely to rise within correction.

Estimated pivot point is at the level of 1.5580.

Our opinion: Buy the pair above the level of 1.5580 with the targets of 1.5920 – 1.6150.

Alternative scenario: Breakout and consolidation of the below the level of 1.5580 will enable the pair to continue the decline to the levels of 1.55 – 1.5450 within the bearish trend.

Analysis: Presumably, the formation of the “bearish” trend has completed on the daily timeframe. It is likely that at the moment the first one-lead wave (i) of a, has formed within expected “bullish” correction. . If this assumption is correct and the price does not break down the critical level of 1.5580, it is likely that the pair will rise up to the levels of 1.59 – 1.61. Otherwise, the pair will continue to decline to the levels of 1.55 – 1.5450 in the wave (v) of v of 1.
GPBUSD H1

GPBUSD H4

EURUSD Daily

USD/CHF Wave analysis and forecast of 05.12 – 12.12: The pair is likely to decline.

Estimated pivot point is at the level of 0.9792.
Our opinion: Sell the pair below the level of 0.9792 with the target of 0.9520.

Alternative scenario: Breakout and consolidation of the price above of the level of 0.9792 will enable the rise in the pair up to the levels of 0.9830 – 0.9850.

Analysis: Presumably, the formation of the fifth final wave of the “bearish” momentum in the wave (A) of the senior level is nearing completion. At the moment, it is possible that the expanding diagonal triangle has formed in the fifth wave. If this assumption is correct and the price does not break down the critical level of 0.9792, it makes sense to expect that the pair will continue to decline to the level of 0.9520.
USDCHF H1

USDCHF H4

USD/JPY Wave analysis and forecast of 05.12 – 12.12: Uptrend is nearing completion. The pair is likely to decline within correction.

Estimated pivot point is at the level of 119.30.

Our opinion: Sell the pair after breakdown and consolidation of the price below the level of 119.30 with the target of 115.50.

Alternative scenario: Breakout and consolidation of the price below the level of 117.18 will enable the pair to continue decline to the levels of 115.50 – 114.0.

Analysis: It is assumed that the formation of the “bullish” impetus in the third wave is nearing completion. Locally it is likely that the fifth final wave (v) of iii is being developed, within which the final wave v of (v) is being formed. If this assumption is correct, after its completion deep correction will begin. Critical level for this scenario is 119.30.
USDJPY H1

USDJPY H4

USD/СAD Wave analysis and forecast of 05.12 – 12.12: The pair is likely to decline.

Estimated pivot point is at the level of 1.1457.

Our opinion: Sell the pair below the level of 1.1457 with the target of 1.1220 – 1.1120.

Alternative scenario: Breakout and consolidation of the price above the level of 1.1457 will enable the pair to continue the rise up to the level of 1.1570.

Analysis: Presumably, “bearish” correction is still being developed in the fourth wave (4) of the senior level. Locally it is likely that the formation of the local correction as the wave ii of A has completed and the third wave iii of A started to develop. If this assumption is correct and the price does not break down the critical level of 1.1457, after the completion of the local correction (ii), the pair will continue to decline to 1.1120.
USDCAD H1

USDCAD H4