Elliot Wave Analysis by SolidECN Experts

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Nvidia - A fall is possible.​

On the daily chart, a downward correction of the higher level develops as the wave (B), within which the wave C of (B) forms. Now, the third wave of the lower level iii of C has appeared, a local correction has ended as the fourth wave iv of C, and the fifth wave v of C started.

If the assumption is correct, the price of the asset will fall to the area of 100 – 50. In this scenario, critical stop loss level is 192.6.

 

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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 third wave 3 of (C) is developing, within which the first entry wave of the lower level (i) of i of 3 has formed, and a local correction has ended as the wave (ii) of i of 3.

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.

 

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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, and a local correction is ending as the second wave 2 of (1), within which the wave c of 2 is forming.

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

 

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AUDUSD - A fall is possible.

On the daily chart, the first wave of the higher level (1) of C ended, and a downward correction forms 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 formed as the fourth wave iv of C, and the fifth wave v of C is developing, within which the local correction (ii) of v has developed and the wave (iii) of v is developing.

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 0.701.

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AUDUSD - A fall is possible.

On the daily chart, the first wave of the higher level (1) of C ended, and a downward correction forms 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 formed as the fourth wave iv of C, and the fifth wave v of C is developing, within which the local correction (ii) of v has developed and the wave (iii) of v is developing.

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 0.701.

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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 forming, within which the first wave of the lower level (i) of v has developed.

If the assumption is correct, after the end of the local correction (ii) of v the USDJPY pair will grow to the area of 145 – 150. In this scenario, critical stop loss level is 135.

 

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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 is forming.

If the assumption is correct, the pair XAGUSD will fall to the area of 15.8 – 14.5. In this scenario, critical stop loss level is 20.91.

 

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EURUSD - A fall is possible.​

On the daily chart, the fifth downward wave of the higher level (5) of А forms, within which the wave 5 of (5) forms. Now, the fifth wave of the lower level v of 5 of (5) is developing, within which the wave (i) of v of 5 has formed and a local correction is ending as the wave (ii) of v of 5.

If the assumption is correct, the EURUSD pair will fall to the area of 0.947 – 0.93. In this scenario, critical stop loss level is 0.9997.

 

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GBPUSD - A fall is possible.​

On the daily chart, the downward fifth wave of the higher level V of (V) develops, within which the wave (5) of V forms. Now, the third wave of the lower level 3 of (5) has formed, a local correction has ended as the fourth wave 4 of (5), and the development of the wave 5 of (5) has started, within which the wave iii of 5 is forming.

If the assumption is correct, the pair GBPUSD will fall to the area of 1.02 – 1. In this scenario, critical stop loss level is 1.1501.

 

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Nvidia - A fall is possible.​

On the daily chart, a downward correction of the higher-level forms as the wave (B), within which the wave C of (B) forms. Now, the third wave of the lower level iii of C is developing, a local correction has developed as the fourth wave iv of C and the fifth wave v of C is forming, within which the wave (v) of v is forming.

If the assumption is correct, the price of the asset will fall to the area of 100 – 70. In this scenario, critical stop loss level is 136.10.

 

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USDCAD - The pair 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 forms. Now, the third wave of the lower level 3 of (3) has formed, and a local correction is developing as the fourth wave 4 of (3).

If the assumption is correct, the USDCAD pair will grow to the area of 1.43 – 1.45. In this scenario, critical stop loss level is 1.35.

 

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USDCHF - Growth is possible.​

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

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 0.9908.

 

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Master Card - Growth is possible.​

On the daily chart, the third wave of the higher level (3) formed, and a downward correction developed as the fourth wave (4), within which the wave C of (4) formed as a momentum. Now, the development of the fifth wave (5) is starting, within which the first entry wave of the lower level i of 1 of (5) is forming.

If the assumption is correct, the asset will grow to the area of 361.86 – 401. In this scenario, critical stop loss level is 277.

 

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

On the daily chart, the first wave of the higher level (1) developed, and a downward correction forms as the second wave (2), within which the wave C of (2) forms. Now, the third wave of the lower level iii of C is forming, the wave (iii) of iii has formed, and a local correction is ending as the wave (iv) of iii.

If the assumption is correct, the AUDUSD pair will fall to the area of 0.6091 – 0.59. In this scenario, critical stop loss level is 0.6682.

 

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NZDUSD - The pair may grow.​

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

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 0.5520.

 

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

On the daily chart, the third wave of the higher level 3 developed, within which the fifth wave of the lower level v of 3 formed. Now, a downward correction has started as the fourth wave 4, within which the wave of the lower level a of 4 is developing.

If the assumption is correct, the USDJPY pair will fall to the area of 140.13–136.82. In this scenario, critical stop loss level is 151.76.

 

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XAUUSD - 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. Now, the development of the fifth wave (5) has started, within which the first entry wave of the lower level (i) of i of 1 of (5) has formed, a local correction has ended as the wave (ii) of i of 1 of (5), and the wave (iii) of i of 1 of (5) is developing.

If the assumption is correct, the XAUUSD pair will grow to the area of 1808.78–1861.3. In this scenario, critical stop loss level is 1616.73.

 

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McDonald’s - Growth is possible.​

On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 1 of (5) formed, and a downward correction ended as the second wave 2 of (5), shaped as double triple w-x-y. Now, the development the third wave 3 of (5) has started, within which the first entry wave of the lower level (i) of i of 3 is developing.

If the assumption is correct, the asset will grow to the area of 280 – 295. In this scenario, critical stop loss level is 231.04.

 

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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 a downward correction started as the fourth wave 4. Now, the wave of the lower level a of 4 is developing, within which a local correction is ending as the wave (iv) of a.

If the assumption is correct, the USDJPY pair will fall to the area of 140.13 – 136.82. In this scenario, critical stop loss level is 151.76.

 

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Silver - 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 forming, 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 21.2 – 22.47. In this scenario, critical stop loss level is 18.22.

 

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Bank of America - The price is in a correction, a fall is possible.​

On the daily chart, the first wave of the higher level 1 formed, and a downward correction develops as the second wave 2, within which the wave (А) of 2 formed, and a local correction is ending to develop as the wave (B) of 2. Now, the wave C of (B) is developing.

If the assumption is correct, the price will fall to the area of 26.32 – 20.82. In this scenario, critical stop loss level is 42.27.