Elliot Wave Analysis by Solid ECN

[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.

 

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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 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.

 

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Gold - 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 1 of (5) is developing.

If the assumption is correct, the XAUUSD pair will grow to the area of 1808.08–1881.56. In this scenario, critical stop loss level is 1615.79.

 

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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.

 

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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.

 

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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) 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.

 

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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.

 

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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

 

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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, 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.

 

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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.

 

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Crude Oil - 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) forms. Now, the fifth wave of the lower level v of A is forming, within which the wave (iii) of v is developing.

If the assumption is correct, the price of the asset will fall to the area of 67 – 52.25. In this scenario, critical stop loss level is 90.30.

 

[SOLIDECN]

XAGUSD - The asset is in a correction, a fall 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, and the correctional wave ii of 1 of (3) is forming, within which the wave (a) of ii is forming.

If the assumption is correct, the XAGUSD pair will fall to the area of 19.88 – 19.32. In this scenario, critical stop loss level is 22.22.

 

[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 is 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 1.0092.

 

[SOLIDECN]

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, and the development of the upward first wave (1) started. Now, the third wave of the lower level 3 of (1) is developing, and the wave iii of 3 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 1.1326.

 

[SOLIDECN]

USDCAD- Growth is possible.

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

If the assumption is correct, the USDCAD pair will grow to the area of 1.382 – 1.3978. In this scenario, critical stop loss level is 1.3222.

 

[SOLIDECN]

USDCHF - Growth is possible.

On the daily chart, the first upward wave of the higher level (1) of 3 forms, within which the wave 3 of (1) formed, and a local correction ended as the fourth wave 4 of (1). Now, the development of the fifth wave 5 of (1) has started, within which the first entry wave of the lower level i of 5 is developing.

If the assumption is correct, the USDCHF pair will grow to the area of 1.0054 – 1.02. In this scenario, critical stop loss level is 0.9350.

 

[SOLIDECN]

AUDUSD - Growth is possible.

On the daily chart, the first wave of the higher level (1) formed, a downward correction ended as the second wave (2), 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 is developing.

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 0.6572.

 

[SOLIDECN]

USDJPY - The asset is in correction, the probability of the fall is maintained.

On the daily chart, the third wave of the higher level 3 has completed and a downward correction is being formed as the fourth wave 4. At the moment, a wave of the lower level a of 4 has already appeared and a local correction is developing as a wave b of 4.

It is predicted that the quotes of the USDJPY pair will fall to the area of 133.2 – 127.36. The level of 146.42 is critical and stop-loss for this scenario.

 

[SOLIDECN]

XAUUSD - The possibility of growth remains.

On the daily chart, the downward correction has ended as the fourth wave of the higher level (4), within which wave C of (4) has formed as an impulse and the development of the fifth wave (5) has begun. At the moment, the first wave of the lower level 1 of (5) is being built, in which wave iii of 1 formed and corrective wave iv of 1 ended.

It is predicted that the quotes of the XAUUSD pair will continue their upward dynamics in the area of 1808.08 - 1881.56. The level of 1720.15 is critical and stop-loss for this scenario.

 

[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 is developing, within which 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 1.0219.