Elliot Wave Analysis by Solidecn.com

#71


Gold - Growth is possible.

On the daily chart, a downward correction ended as the fourth wave of the higher level (4), within which the wave C of (4) formed as a momentum and the fifth wave (5) started. Now, the first entry wave of the lower level i of 1 of (5) has formed, a local correction has ended as the second wave ii of 1 of (5) and the third wave iii of 1 of (5) is forming.

If the assumption is correct, the XAUUSD pair will grow within the wave iii of 1 to the area of 1857.25 – 1910.3. In this scenario, critical stop loss level is 1687.79.

 
#72


Silver - A fall is possible.

On the daily chart, a downward correction of the higher level develops as the second wave (2), within which the wave C of (2) forms. Now, the fifth wave of the lower-level v of C of (2) is developing, within which the wave (iii) of v, and the local correction as the wave (iv) of v.

If the assumption is correct, the XAGUSD pair will fall to the area of 17 – 15.8. In this scenario, critical stop loss level is 20.83.

 
#73
EURUSD - Growth is possible

On the daily chart, the downward wave of the higher-level C of (B) ended, within which the fifth wave v of (C) formed. Now, the upward wave (C) has started, within which the first entry wave of the lower level i of (i) of i of 1 of (C) is forming.

If the assumption is correct, the EURUSD pair will grow to the area of 1.0366 – 1.0612. In this scenario, critical stop loss level is 0.9858.

 
#74
GBPUSD - The pair is in a correction and may grow.

On the daily chart, the fifth wave of the higher level V develops, within which the wave (1) of V formed. Now, the fifth wave of the lower level 5 of (1) has ended, and an upward correction has started as the wave (2) of V, within which the wave i of A of (2) is forming.

If the assumption is correct, the GBPUSD pair will grow to the area of 1.2504 – 1.2854. In this scenario, critical stop loss level is 1.1387.

 
#75
USDCAD - A fall is possible.

On the weekly chart, the downward correctional wave of the higher level 4 develops, within which the wave (C) of 4 forms. Now, the first wave of the lower level 1 of (C) has formed, a local correction has ended as the wave 2 of (C), and the third wave 3 of (C) has started, within which the wave i of 3 is developing.

If the assumption is correct, the USDCAD pair will fall to the area of 1.2374 – 1.201. In this scenario, critical stop loss level is 1.3224.

 
#76


USDCHF - A fall is possible.

On the daily chart, the fifth downward wave of the higher level 5 develops, within which the first wave (1) of 5 forms. Now, the first wave of the lower level 1 of (1) has formed, a local correction has ended as the second wave 2 of (1) and the third wave 3 of (1) has started, within which the wave i of 3 has formed.

If the assumption is correct, after the end of the correctional wave ii of 3, the USDCHF pair will fall within the wave to the area of 0.92 – 0.8916. In this scenario, critical stop loss level is 0.9889.

 
#77


Visa - The price is in a correction and may grow.

On the daily chart, the third wave of the higher level (3) ended, and a downward correction forms as the fourth wave (4). Now, the wave A of (4) has formed, and the wave B of (4) is developing, within which the wave a of B has formed, and the wave b of B is developing.

If the assumption is correct, after the end of the correction, the asset will grow to the area of 226.95 – 236.61. In this scenario, critical stop loss level is 185.1.

 
#78


AUDUSD - A fall is possible.

On the daily chart, the first wave of the higher level (1) of C ended, and a downward correction develops as the wave (2) of C, within which the wave C of (2) develops. Now, the third wave of the lower level iii of C has formed, a correction has ended as the fourth wave iv of C, and the fifth wave v of C is developing, within which the wave (v) of v is forming.

If the assumption is correct, the AUDUSD pair will fall to the area of 0.66 – 0.645. In this scenario, critical stop loss level is 0.6917.

 
#79
AUDUSD - A fall is possible.

On the daily chart, the first wave of the higher level (1) of C ended, and a downward correction develops as the wave (2) of C, within which the wave C of (2) develops. Now, the third wave of the lower level iii of C has formed, a correction has ended as the fourth wave iv of C, and the fifth wave v of C is developing, within which the wave (v) of v is forming.

If the assumption is correct, the AUDUSD pair will fall to the area of 0.66 – 0.645. In this scenario, critical stop loss level is 0.6917.

 
#80


USDJPY - Growth is possible

On the daily chart, the third wave of the higher level 3 develops, within which the third wave of the lower level iii of 3 formed and a downward correction ended as the fourth wave iv of 3. Now, the fifth wave v of 3 is developing, within which the third wave of the lower level (iii) of v has ended, and a local correction is developing as the wave (iv) of v.

If the assumption is correct, after the end of the correction, the USDJPY pair will grow to the area of 147.5 – 150. In this scenario, critical stop loss level is 138.32.

 

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