Elliot Wave Analysis by Solid ECN

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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.

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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.
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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.

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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 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.

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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.

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American Express - Growth is possible.

On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 3 of (5) formed and a downward correction ended as the fourth wave 4 of (5). Now, the fifth wave 5 of (5) has started, within which the first entry wave of the lower level (i) of i of 5 has formed, a local correction has ended as the second wave (ii) of i of 5 and the wave (iii) of i of 5 is forming.

If the assumption is correct, the asset will grow to the area of 183.5–199.25. In this scenario, critical stop loss level is 146.38.

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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.

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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.

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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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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) develops. 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 is forming.

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 19.91.

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

On the daily chart, the wave А of the higher level formed, and a downward correction develops as the wave B, within which the wave (А) of B formed. Now, an upward correction of the lower level is developing as the wave (B) of B, within which the wave А of (B) is forming.

If the assumption is correct, the asset will grow to the area of 362.5 – 423.15. In this scenario, critical stop loss level is 165.5.

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EURUSD - A fall is possible.​

On the daily chart, the downward wave of the higher level А develops, within which the fifth wave (5) of А forms. Now, the fifth wave of the lower level 5 of (5) is developing, within which the third wave iii of 5 of (5) is forming.

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 0.9904.

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GBPUSD - A fall is possible.​

On the daily chart, the fifth wave of the higher level (V) develops, within which the wave V of (V) forms. Now, the fifth wave of the lower level (5) of V is developing, within which the wave 5 of (5) is forming.

If the assumption is correct, the GBPUSD pair will fall to the area of 1.02 – 1. In this scenario, critical stop loss level is 1.1350.

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

On the daily chart, the third wave of the higher level (3) formed and a downward correction develops as the fourth wave (4), taking a shape of a double zigzag WXY. Now, the wave Y of (4) is developing, within which the wave a of Y is forming.

If the assumption is correct, the price of the asset will fall to the area of 84.35–77.5. In this scenario, critical stop loss level is 122.33.

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USDCAD - The possibility of growth remains.​

On the daily chart, the ascending fifth wave of the higher level 5 is developing, in which wave (1) of 5 has formed, the correctional wave (2) of 5 has completed and wave (3) of 5 is being built. At the moment, the third wave of the lower level 3 of (3) is being formed, within which wave iii of 3 is developing.

If the assumption is correct, the USDCAD pair will rise to the area of 1.41 – 1.43. The level of 1.348 is critical and stop-loss for this scenario.

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USDCHF - The possibility of growth remains.​

On the daily chart, a downward correction has ended as the second wave of the higher level 2, and the formation of an ascending third wave 3 has also begun, in which wave (1) of 3 is developing. At the moment, the fifth wave of the lower level 5 of (1) is being formed, within which wave iii of 3 is developing.

If the assumption is correct, the quotes of the USDCHF pair will continue to move towards the 1.02 – 1.03 area. The level of 0.9487 is critical and stop-loss for this scenario.

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AUDUSD - Growth is possible.​

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

If the assumption is correct, the AUD/USD pair will grow to the area of 0.6912–0.7135. In this scenario, critical stop loss level is 0.6362.

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NZDUSD - Growth is possible.​

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

If the assumption is correct, the price will grow to the area of 0.6166–0.6465. In this scenario, critical stop loss level is 0.5564.

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Amazon - Growth is possible.​

On the daily chart, the third wave of the higher level (3) formed, a downward correction ended as the fourth wave (4), and 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, and a local correction is ending as the wave iv of 1.

If the assumption is correct, the asset will grow to the area of 158.7 – 188.15. In this scenario, critical stop loss level is 101.45.

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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 a local correction ha ended as the wave (iv) of v.

If the assumption is correct, the USDJPY pair will grow within the wave (v) of v to the area of 150 – 152. In this scenario, critical stop loss level is 140.35.

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