Elliot Wave Analysis by SolidECN Experts

[SOLIDECN]

AUDUSD - A fall is possible.​

On the daily chart, the first wave of the higher level (1) ended, and a downward correction forms 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 developing, the wave (iii) of iii has formed, and a local correction has ended as the wave (iv) of iii.

If the assumption is correct, the AUDUSD pair will fall within the wave (v) of iii to the area of 0.6091–0.59. In this scenario, critical stop loss level is 0.6540.

 

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USDCHF - Growth is possible.​

On the daily chart, the upward first wave of the higher level (1) of 3 forms, within which the wave 5 of (1) develops. Now, the third wave of the lower level iii of 5 is developing, within which a local correction has ended as the wave (iv) of iii, and the wave (v) of iii has started to develop.

If the assumption is correct, the USDCHF pair will grow to the area of 1.02 – 1.03. In this scenario, critical stop loss level is 0.984.

 

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Crude Oil - Growth is possible.​

On the daily chart, the upward wave C develops, within which the first wave 1 of (1) of C formed, and a downward correction ended as the second wave 2 of (1) of C, within which the wave c of 2 formed. Now, the development of the third wave 3 of (1) has started, within which the first entry wave of the lower level (i) of i of 3 has formed, a local correction has ended as the wave (ii) of i of 3, and the wave (iii) of i of 3 is developing.

If the assumption is correct, the asset will grow to the area of 110.40–119.65. In this scenario, critical stop loss level is 88.82.

 

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XAUUSD - A fall is possible.​

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

If the assumption is correct, the pair XAUUSD will fall to the area of 1570 – 1515.1. In this scenario, critical stop loss level is 1616.21.

 

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XAGUSD - Growth is possible.​

On the daily chart, a downward correction of the higher level ended as the second wave (2), within which the wave C of (2) formed, and the development of the third wave (3) started. Now, the first entry wave of the lower level i of 1 of (3) is developing, within which the wave (iii) of i has formed, a local correction has ended as the wave (iv) of I, and the wave (v) of i is developing.

If the assumption is correct, the XAGUSD pair will grow to the area of 22.47–23.7. In this scenario, critical stop loss level is 18.81.

 

[SOLIDECN]

Crude Oil - Growth is possible.​

On the daily chart, the first wave of the higher level (1) formed, the downward correction ended as the second wave (2), and the development of the upward third wave (3) started. Now, the first entry wave of the lower level i of 1 of (3) is developing, within which the wave (iii) of i is forming.

If the assumption is correct, the asset will grow to the area of 103.83 – 115.12. In this scenario, critical stop loss level is 82.2.

 

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EURUSD - A fall is possible.​

On the daily chart, the downward fifth wave of the higher level (5) of А develops, within which the wave 5 of (5) develops. Now, a correction ended as the fourth wave of the lower level iv of 5, and the fifth wave v of 5 is forming, within which a local correction is ending as the wave (ii) of v.

If the assumption is correct, the EURUSD pair will fall to the area of 0.9470–0.9300. In this scenario, critical stop loss level is 1.0101.

 

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GBPUSD - Growth is possible​

On the daily chart, the downward fifth wave of the higher level V of (V) ended, within which the wave (5) of V formed. Now, the development of the upward first wave (1) has started, and the third wave of the lower level 3 of (1) is forming.

If the assumption is correct, the GBPUSD pair will grow to the area of 1.2281–1.2590. In this scenario, critical stop loss level is 1.0920.

 

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USDCAD - The price is in a correction and may grow.​

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) has formed, and a local correction is ending as the fourth wave 4 of (3), within which the wave c of 4 is forming.

If the assumption is correct, after the end of the correction, the USDCAD pair will grow to the area of 1.43 – 1.45. In this scenario, critical stop loss level is 1.3206.

 

[SOLIDECN]

USDCHF - The pair is in a correction and may grow.​

On the daily chart, the upward first wave of the higher level (1) of 3 forms, within which the wave 5 of (1) develops. Now, the third wave of the lower level iii of 5 has formed, a local correction is developing as the fourth wave iv of 5, within which the wave (c) of iv is ending.

If the assumption is correct, after the end of the correction, the USDCHF pair will grow to the area of 1.02 – 1.03. In this scenario, critical stop loss level is 0.9738.

 

[SOLIDECN]

AUDUSD - 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 fifth wave of the lower level v of C is forming, the wave (iii) of v has formed, and a local correction has ended as the wave (iv) of v.

If the assumption is correct, the AUDUSD pair will fall within the wave (v) of v to the area of 0.6157–0.6086. In this scenario, critical stop loss level is 0.6567.

 

[SOLIDECN]

NZDUSD - Growth is possible.​

On the daily chart, the upward wave of the higher level (А) formed, a downward correction ended as the wave (B), and the development of the wave (C) and the first entry wave of the lower level i of 1 of (C) started, within which the wave (i) of i has formed, a local correction has ended as the wave (ii) of i, and the wave (iii) of i is developing.

If the assumption is correct, the NZDUSD pair will grow to the area of 0.6166–0.6465. In this scenario, critical stop loss level is 0.5731.

 

[SOLIDECN]

USDJPY - The pair is in a correction, a fall is possible.​

On the daily chart, the third wave of the higher level 3 ended, and the development of the downward correction started as the fourth wave 4. Now, the wave of the lower level a of 4 is developing, within which the fifth wave (v) of a is forming.

If the assumption is correct, the USDJPY pair will fall to the area of 136.82–130.25. In this scenario, critical stop loss level is 151.76.

 

[SOLIDECN]

EURUSD - Growth is possible.​

On the daily chart, the downward wave of the higher level А ended, within which the fifth wave (5) of А formed, and the development of the upward wave B started. Now, the first entry wave 1 of (1) of B i developing, and the third wave of the lower level iii of 1 is forming.

If the assumption is correct, the EURUSD pair will grow to the area of 1.0790–1.1196. In this scenario, critical stop loss level is 0.9932.

 

[SOLIDECN]

USDJPY - The price is in a correction, a fall is possible.​

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 of the lower level a of 4 has formed, and a local correction is starting to form as the wave b of 4.

If the assumption is correct, the USDJPY pair will fall to the area of 133.2 – 127.36. In this scenario, critical stop loss level is 146.67.

 

[SOLIDECN]

XAGUSD - Growth is possible.​

On the daily chart, a downward correction of the higher level ended as the second wave (2), within which the wave C of (2) formed, and the development of the third wave (3) started. Now, the first entry wave of the lower level i of 1 of (3) has formed, within which the wave (v) of i has ended.

If the assumption is correct, after the end of the local correction ii of 1 of (3), the XAGUSD pair will grow to the area of 23.7–25. In this scenario, critical stop loss level is 19.25.

 

[SOLIDECN]

AUDUSD - Growth is possible.​

On the daily chart, the first wave of the higher level (1) formed, and a downward correction ended as the second wave (2), within which the wave C of (2) formed. Now, the development of the third wave (3) has started, and the first entry wave of the lower level i of 1 of (3) is forming.

If the assumption is correct, the AUDUSD pair will grow to the area of 0.6916 – 0.7142. In this scenario, critical stop loss level is 0.6393.

 

[SOLIDECN]

NZDUSD - Growth is possible.​

On the daily chart, the upward wave of the higher level (А) formed, a downward correction ended as the wave (B), the wave (C) and the first entry wave of the lower level i of 1 of (C) develop, within which the wave (i) of i formed, a local correction ended as the wave (ii) of i and the wave (iii) of i develops.

If the assumption is correct, the NZDUSD pair row to the area of 0.6465 – 0.6600. In this scenario, critical stop loss level is 0.5839

 

[SOLIDECN]

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

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) has formed, a correction has ended as the fourth wave 4 of (3), and the wave c of 4 has formed.

The upward dynamics of the USDCAD pair to the area of 1.43 – 1.45 are expected. In this scenario, critical stop loss level is 1.3206.

 

[SOLIDECN]

XAUUSD - Growth is possible.

On the daily chart, a downward correction formed as the fourth wave of the higher level (4), within which the wave C of (4) formed as a momentum, and the development of the fifth wave (5) started. Now, the first entry wave of the lower level 1 of (5) is developing, within which the wave iii of 1 has formed.

If the assumption is correct, after the end of the correction iv of 1, the XAUUSD pair will grow to the area of 1808.08–1881.56. In this scenario, critical stop loss level is 1700.25.