Wave Analysis and Forecast.From Date: 15.10.2021 To Date: 22.10.2021(weekly)

sony forex

Trader
Apr 5, 2021
46
0
12
40
Pakistan


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EUR/USD
Main scenario: consider short positions from corrections below the level of 1.1747 with a target of 1.1287 – 1.1161.
Alternative scenario: breakout and consolidation above the level of 1.1747 will allow the pair to continue rising to the levels of 1.1909 – 1.2269.
Analysis: Daily chart: the first wave of larger degree 1 of (3) is formed, and a downside correction continues forming as wave 2 of (3), with wave c of 2 unfolding as part of it. Apparently, the third wave of smaller degree (iii) of c is developing on the H4 chart. Supposedly, wave iii of (iii) is formed on the H1 chart, and a local correction is coming to its end in the form of wave iv of (iii). If the presumption is correct, the pair will continue to drop to the levels of 1.1287 – 1.1161. The level of 1.1747 is critical in this scenario. Its breakout will allow the pair to continue rising to the levels of 1.1909 – 1.2269.

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GBP/USD
Main scenario: consider short positions from corrections below the level of 1.3909 with a target of 1.3157 – 1.2821.
Alternative scenario: breakout and consolidation above the level of 1.3909 will allow the pair to continue rising to the levels of 1.4050 – 1.4241.
Analysis: Daily chart: the first wave of larger degree (1) is formed, and a downside correction continues forming as wave (2). H4 chart: waves A of (2) and B of (2) are formed, and wave C of (2) is developing. On the H1 chart, the third wave of smaller degree iii of C appears to have formed, and a local correction is nearing completion as wave iv of C. If this assumption is correct, the pair will continue to fall to 1.3157 – 1.2821 after the local correction comes to its end. The level of 1.3909 is critical in this scenario as a breakout will enable the pair to continue rising to the levels of 1.4050 – 1.4241.

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USD/CHF
Main scenario: consider long positions from corrections above the level of 0.9193 with a target of 0.9506 – 0.9685.
Alternative scenario: breakout and consolidation below the level of 0.9193 will allow the pair to continue declining to the levels of 0.9103 – 0.9018.
Analysis: Daily chart: presumably, a descending first wave of larger degree (1) of 5 is formed and an ascending correction is now developing as second wave (2) of 5. Wave C of (2) continues developing on the H4 chart. Wave i of C is formed, a corrective wave ii of C is completed, and wave iii of C is unfolding as parts of wave C of (2). Apparently, the third wave of smaller degree (iii) of iii finished developing and a corrective wave (iv) of iii was formed on the H1 chart. If the presumption is correct, the pair will continue to rise in wave (v) of iii to the levels of 0.9506 – 0.9685. The level of 0.9193 is critical in this scenario. Its breakout will allow the pair to continue falling to the levels of 0.9103 – 0.9018.

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USD/JPY
Main scenario: consider long positions from corrections above the level of 112.30 with a target of 115.00 – 116.00.
Alternative scenario: breakout and consolidation below the level of 112.30 will allow the pair to continue declining to the levels of 110.83 – 109.012.
Analysis: Daily TM: apparently, a descending correction of larger degree finished forming as wave B, and wave С started developing, with the first wave (1) of С forming inside. The third wave of smaller degree 3 of (1) continues developing on the H4 chart, with wave i of 3 formed, a correction completed as wave ii of 3, and wave iii of 3 forming inside. Apparently, wave (iii) of iii is developing on the H1 chart. If this assumption is correct, the pair will continue to rise to 115.00 – 116.00. The level of 112.30 is critical in this scenario as its breakout will enable the pair to continue declining to the levels of 110.83 – 109.012.

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USD/CAD
Main scenario: consider short positions from corrections below the level of 1.2500 with a target of 1.2310 – 1.2250.
Alternative scenario: breakout and consolidation above the level of 1.2500 will allow the pair to continue rising to the levels of 1.2647 – 1.2773.
Analysis: A descending correction appears to have formed as the fourth wave 4 of larger degree on the daily chart, with wave (С) of 4 completed and wave 5 unfolding inside. H4 chart: wave 1 of (1) of 5 is formed, and a downward correction is developing as wave 2 of (1) of 5, with wave c of 2 unfolding as part of it. Apparently, the first wave of smaller degree (i) of c and a local correction (ii) of c are formed, and the third wave (iii) of c is presumably completed on the H1 chart. If the presumption is correct, the pair will continue to drop to the levels of 1.2310 – 1.2250 once correction (iv) of c is completed. The level of 1.2500 is critical in this scenario as a breakout will enable the pair to continue rising to the levels of 1.2647 – 1.2773.

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XAU/USD
Main scenario: consider long positions from corrections above the level of 1749.22 with a target of 1915.00 – 2075.27.
Alternative scenario: breakout and consolidation below the level of 1749.22 will allow the pair to continue declining to the levels of 1673.63 – 1602.20.
Analysis: Daily chart: an ascending third wave of larger degree (3) is formed, a descending correction developed as the fourth wave (4), and the fifth wave (5) appears to be unfolding. H4 chart: apparently, the first wave of smaller degree 1of (5) is formed, a corrective wave 2 of (5) is completed, and wave 3 of (5) started unfolding. On the H1 chart, a local correction finished developing as wave ii of 3, supposedly, and wave iii of 3 started to form, with wave (iii) of iii developing as part of it. If the presumption is correct, the pair will continue to rise to the levels of 1915.00 – 2075.27. The level of 1749.22 is critical in this scenario as a breakout will enable the pair to continue declining to the levels of 1673.63 – 1602.20.
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sony forex

Trader
Apr 5, 2021
46
0
12
40
Pakistan
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