Forex forecasts and market outlooks

The pair has been showing a slight decline since the opening of the session, trading at 1.3224.

The pair is in a correction and may grow.

On the daily chart, the third wave of the higher level (3) develops, within which the wave 3 of (3) formed. Now, a local correction is developing as the fourth wave 4 of (3), within which the wave a of 4 has formed, and the wave b of 4 is developing. If the assumption is correct, the pair will grow to the levels of 1.3196–1.3481. In this scenario, critical stop loss level is 1.2757.

The pair is in a correction, a fall is possible.

On the daily chart, the first wave of the higher level 1 of (3) develops, within which the wave iii of 1 formed. Now, a local correction is developing as the fourth wave iv of 1, within which the wave (c) of iv is forming. If the assumption is correct, the pair will fall to the levels of 1.1642–1.1472. In this scenario, critical stop loss level is 1.1903.

The pair may grow.

On the daily chart, the third wave of the higher level (3) develops, within which the wave 1 of (3) forms. Now, the fifth wave of the lower level v of 1 is developing, within which the wave (iii) of v has formed, and an upward correction is developing as the wave (iv) of v. If the assumption is correct, the pair will grow to the levels of 0.9242–0.9302. In this scenario, critical stop loss level is 0.8998.

The pair may fall.

On the 4-hour chart, the first wave of the higher level (1) of C develops, within which the wave 1 of (1) formed, and a downward correction started to develop as the second wave 2 of (1). Now, the wave a of 2 is developing, within which a local correction has formed as the wave (ii) of a. If the assumption is correct, the pair will fall to the levels of 0.6965–0.6682. In this scenario, critical stop loss level is 0.7415.

On the 4-hour chart, the lateral trend remains. The instrument is consolidating at the upper line of Bollinger Bands; the indicator cloud is expanding, an uptrend is likely to form in the short term. MACD histogram is near the zero level, its volumes are minimal; the signal line is directed horizontally without forming a clear signal to enter the market. Stochastic is in the neutral zone, demonstrating lateral movement.

The USD/CHF pair is in a global downtrend and is trading at 0.9060.

The pair is in a correction and may grow.

On the daily chart, the downward wave of the higher level (C) develops, within which the first wave 1 of (C) formed. Now, an upward correction has started to develop as the second wave 2 of (C), within which the wave a of 2 is forming. If the assumption is correct, the pair will grow to the levels of 1.3388–1.3629. In this scenario, critical stop loss level is 1.2993.

The pair may fall.

On the daily chart, a downward correction of the higher level develops as the wave 2, within which the wave c of 2 forms. Now, the fifth wave of the lower level (v) of c is developing, within which the wave ii of (v) has ended, and the wave iii of (v) is forming. If the assumption is correct, the pair will fall to the levels of 104.19–103.30. In this scenario, critical stop loss level is 106.56.

A downtrend is forming on the 4-hour chart. The instrument returned to a decline after a short-term correction and is trading between the middle line and the lower border of Bollinger bands, the indicator cloud has expanded, and the downward trend is likely to continue in the short term. The MACD histogram is in the negative zone, the signal line crosses the body of the histogram downwards, forming a signal to open sell orders. Stochastic is in the neutral zone, the oscillator lines are directed horizontally, without forming a definite signal to enter the market.