Elliot Wave Analysis by Solid ECN

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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 third wave of the lower level iii of C of (4) is developing, within which the wave (v) of iii of C is forming.

If the assumption is correct, the XAUUSD pair will fall to the area of 1570 – 1515.1. In this scenario, critical stop loss level is 1690.

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EURUSD - The probability of decline remains.​

On the daily chart, the descending wave of the higher-level A continues, in which the fifth wave (5) of A is formed. At the moment, the fifth wave of the lower level 5 of (5) is developing, which includes the third wave iii of 5 of (5).

If the assumption is correct, the EURUSD pair will fall to the area of 0.947 - 0.93. The level of 0.9859 is critical and stop-loss for this scenario.

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GBPUSD - The probability of decline remains.​

On the daily chart, there is the fifth wave of the higher level (V), which includes the construction of the wave V of (V). At the moment, the fifth wave of the lower level (5) of V is developing, in which wave 3 of (5) was formed and the local correction as wave 4 of (5) was completed.

If the assumption is correct, the GBPUSD pair will fall to the area of 1.02 – 1. The level of 1.1731 is critical and stop-loss for this scenario.

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Apple - The price is in correction, the probability of growth is maintained.​

On the daily chart, the third wave of the higher level 3 has been formed, the downward correction has ended as the fourth wave 4, and the formation of the fifth wave 5 has begun. At the moment, the first leading wave of the lower level (1) of 5 has appeared and the local correction as a wave (2) of 5 is nearing completion, in which the wave C of (2) ends.

If the assumption is correct, after its completion, the price of the asset will rise to the area of 183.14–200. The level of 129.5 is critical and stop-loss for this scenario.

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USDJPY - The possibility of growth remains.​

On the daily chart, the development of the third wave of the higher level 3 continues, in which the third wave of the lower level iii of 3 was formed and the downward correction ended as the fourth wave iv of 3. At the moment, the fifth wave v of 3 is being formed, in which the local correction as wave (iv) of v has ended and wave (v) of v is being built.

If the assumption is correct, the USDJPY pair will rise to the area of 150 – 152. The level of 140.35 is critical and stop-loss for this scenario.

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Silver - The pair may grow.​

On the daily chart, the downward correction of the higher level as the second wave (2) completed, in which wave C of (2) appeared. At the moment, the development of the third wave (3) has begun, in which the entry first wave of the lower level i of 1 of (3) is being formed.

If the assumption is correct, the XAGUSD pair will rise to the area of 22.47–25.40. The level of 17.97 is critical and stop-loss for this scenario.

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AUDUSD - The possibility of growth remains.​

On the daily chart, the first wave of the higher level (1) has completed and a downward correction has formed as wave (2), in which wave C of (2) has appeared. At the moment, the third wave (3) is being formed, in which the entry first wave of the lower level (i) of i of 1 of (3) was formed.

If the assumption is correct, the AUDUSD pair will rise to the area of 0.6912–0.7135. The level of 0.6362 is critical and stop-loss for this scenario.

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NZDUSD - The possibility of growth remains.​

On the daily chart, an ascending wave of the higher level (A) has been formed and the development of a downward correction as a wave (B) has completed. At the moment, the formation of an ascending wave (C) begins, in which the first wave of the lower level (i) of i of 1 of (C) develops.

If the assumption is correct, the price will rise to the area of 0.6166 – 0.6465. The level of 0.5564 is critical and stop-loss for this scenario.

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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, in which wave iii of 3 has completed and a local correction is observed as the fourth wave iv of 3.

If the assumption is correct, the quotes of the USDCAD pair will rise to the area of 1.4100 – 1.4300. The level of 1.3298 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 1.0200–1.0300 area. The level of 0.9487 is critical and stop-loss for this scenario.

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Crude Oil - The possibility of growth remains.

On the daily chart, the upward wave C is developing, in which the first wave 1 of (1) of C was formed and the downward correction ended as the second wave 2 of (1) of C, where the wave c of 2 has already appeared. At the moment, the development of the third wave 3 of (1) begins, which includes the construction of the first wave of the lower level (i) of i of 3.

If the assumption is correct, the price will rise to the area of 104.25 – 110.4. The level of 83.12 is critical and stop-loss for this scenario.

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Crude Oil - Growth is possible.​

On the daily chart, the first wave of the higher level (1) formed, and the formation of downward correction ended as the second wave (2), within which the wave C of (2) formed. Now, the development of the upward third wave (3) has started, within which the first entry wave of the lower level i of 1 of (3) 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 76.07.

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Silver - Growth is possible.​

On the daily chart, a downward correction of the higher level developed 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 ended, and a local correction is developing as the wave (iv) of i.

If the assumption is correct, the XAGUSD pair will grow to the area of 22.47 – 25.40. In this scenario, critical stop loss level is 17.97.

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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 forming, within which the formation of the local correction as the wave iv of 5 of (5) has ended and the development of the wave v of 5 of (5) is going.

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 0.9997.

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GBPUSD - A fall is possible.​

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

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 1.1501.

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USDCAD - Growth is possible.​

On the daily chart, the fifth upward 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 developing, within which a local correction has ended as the fourth wave iv of 3, and the development of the wave v of 3 has started.

If the assumption is correct, the USDCAD pair will grow to the area of 1.41 – 1.43. In this scenario, critical stop loss level is 1.3507.

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USDCHF - Growth is possible.​

On the daily chart, a downward correction ended as the second wave of the higher level 2, and the formation of the upward third wave 3 started, within which the wave (1) of 3 develops. Now, the fifth wave of the lower level 5 of (1) is forming, and the wave iii of 3 is developing.

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 0.9716.

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AUDUSD - A fall is possible.​

On the daily chart, the first wave of the higher level (1) formed, 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, within which the wave (iii) of iii has formed.

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If the assumption is correct, after the end of the local correction (iv) of iii, the AUDUSD pair will fall to the area of 0.6091 – 0.59. In this scenario, critical stop loss level is 0.6551.
 

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 has ended as the wave (iv) of v, and the wave (v) of v is forming.

If the assumption is correct, the USDJPY pair will grow to the area of 150 – 152. In this scenario, critical stop loss level is 143.31.

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EURUSD - A fall is possible.​

On the daily chart, the fifth downward wave of the higher level (5) of А develops, 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 formed, and a local correction is developing 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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