Elliot Wave Analysis by Solidecn.com

#81
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 entry first wave of the lower level (i) of i of 1 of (C) is developing.

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.

 
#82


GBPUSD - A fall is possible.

On the daily chart, the fifth wave of the higher level V develops, within which the wave (1) of V forms. Now, the fifth wave of the lower level 5 of (1) is developing, within which the wave iii of 5 has formed, the correctional wave iv of 5 has ended and the wave v of 5 is developing.

If the assumption is correct, the GBPUSD pair will fall to the area of 1.105 – 1.075. In this scenario, critical stop loss level is 1.1736.

 
#83
USDJPY - 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 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 within the wave (v) of v to the area of 147 – 150. In this scenario, critical stop loss level is 140.

 
#84


XAGUSD - 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 has formed, a local correction has ended as the wave (iv) of v, and the wave (v) of v has started.

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 20.04.

 
#85
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) forms. 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.

 
#86
USDCAD - Growth is possible.

On the daily chart, the upward fifth wave of the higher level 5 develops, within which the wave (1) of 5 formed, the correctional wave (2) of 5 ended and the wave (3) of 5 develops. Now, the third wave of the lower level 3 of (3) is forming, within which the wave iii of 3 has formed.

If the assumption is correct, the USDCAD pair will grow to the area of 1.38 – 1.41. In this scenario, critical stop loss level is 1.2955.

 
#87


Boeing - A fall is possible.

On the daily chart, the downward wave of the higher level (C) develops, within which the third wave 3 of (C) forms. Now, a local correction has ended as the fourth wave 4 of (C), within which the wave c of 4 has formed, and the fifth wave 5 of (C) has started, within which the first entry wave of the lower level i of 5 has started.

If the assumption is correct, after the end of the wave ii of 5, the price of the asset will fall to the area of 89.41–50. In this scenario, critical stop loss level is 174.15.

 
#88
Crude Oil - A fall is possible.

On the daily chart, the upward wave C forms, within which the first wave 1 of (1) of C, and a downward correction develops as the second wave 2 of (1) of C, within which the wave c of 2 forms. Now, the third wave of the lower level (iii) of c is developing, within which the wave iii of (iii) is forming.

If the assumption is correct, the price of the asset will fall to the area of 77.50–62.73. In this scenario, critical stop loss level is 96.32.

 
#89


XAUUSD - A fall is possible.

On the daily chart, a downward correction forms as the fourth wave of the higher level (4), within which the wave C of (4) develops as a momentum. Now, the third wave of the lower level iii of C of (4) is forming, within which the wave (v) of iii of C is developing.

If the assumption is correct, the XAUUSD pair will fall to the area of 1621.9 – 1515.1. In this scenario, critical stop loss level is 1736.8.

 
#90


Crude Oil - The price is in a correction, a fall is possible.

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

If the assumption is correct, the price of the asset will fall to the area of 67 – 51.5. In this scenario, critical stop loss level is 89.95.

 

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