official Elliot Wave Analysis by Solidecn.com

[Solid ECN ✔️]

USDCAD - The pair may grow

On the daily chart, the first wave of the higher level (1) of 5 is formed, within which the wave 3 of (1) develops. At the moment, the formation of the third wave of the lower level iii of 3 continues, in which wave (i) of iii has already appeared, the local correction as wave (ii) of iii has ended and the formation of wave (iii) of iii continues.

If the assumption is correct, USDCAD will rise to the levels of 1.341–1.37. The level of 1.2815 is critical and stop-loss for this scenario.

 

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USDCHF - The possibility of growth remains.

On the daily chart, the development of the third wave of the higher level 3 of (3) continues, in which wave iii of 3 formed and the correction ended as the fourth wave iv of 3. At the moment, the construction of the fifth wave v of 3 is underway, in which the first wave of the lower level (i) of v has already appeared, and the development of a local correction as a wave (ii) of v is also being completed.

If the assumption is correct, USDCHF will rise to the levels of 1.02–1.035. The level of 0.949 is critical and stop-loss for this scenario.

 

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MasterCard - The probability of decline remains.

On the daily chart, the development of the third wave of the higher level (3) has completed, and a downward correction is being formed as the fourth wave (4), within which wave A of (4) is developing. At the moment, the local correction has ended as the second wave of the lower level ii of A, and the formation of the third wave iii of A is underway, in which wave (iii) of iii has completed. 

If the assumption is correct, the price will fall to the levels of 256.65–211.4. The level of 367.5 is critical and stop-loss for this scenario.

 

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AUDUSD - The probability of decline remains.

On the daily chart, the development of the first wave of the higher level (1) of C has completed, and now there is a downward correction as wave (2) of C, which includes the formation of wave C of (2). At the moment, the development of the third wave of the lower level iii of C has completed and a local correction is being formed as the fourth wave iv of C. 

If the assumption is correct, AUDUSD will fall to the levels of 0.6446–0.6082. The level of 0.7273 is critical and stop-loss for this scenario.

 

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NZDUSD - The probability of decline remains.

On the daily chart, an ascending wave of the higher level (A) of B has appeared, and the downward correction continues to develop as wave (B) of B, within which the formation of wave C of (B) began. At the moment, the formation of the fifth wave v of C is observed, in which wave (iii) of v has ended, and the local correction as wave (iv) of v is nearing completion. 

If the assumption is correct, NZD/USD will fall to the levels of 0.6060−0.5910. The level of 0.6398 is critical and stop-loss for this scenario.

 

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Alibaba Group - The possibility of growth remains.

 

On the daily chart, the ascending first wave of the higher level 1 has been formed, the development of the downward correction as wave 2 has completed, and the formation of the third wave 3 has also begun. At the moment, the first wave of the lower level 1 of (1) of 3 is developing, in which the wave iii of 1 has already been identified, as well as the corrective wave iv of 1. 

 

If the assumption is correct, the price will rise to the levels of 160.9−182.6. The level of 80.35 is critical and stop-loss for this scenario.

 

 

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McDonald’s - The price can rise.

On the daily chart, the development of the fifth wave of the higher level (5) continues, in which wave 3 of (5) is observed, the downward correction ended as the fourth wave 4 of (5) and the fifth wave 5 of (5) is developing. At the moment, the first wave of the lower level i of 5 has appeared, the correction as the second wave ii of 5 has completed, and wave iii of 5 is developing, in which wave (iii) of iii is being formed. 

 

If the assumption is correct, the price will rise to the levels of 280–295. The level of 231.85 is critical and stop-loss for this scenario.

 

 

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Altria Group - The price is in correction, the probability of growth is maintained.

On the daily chart, the development of the first wave of the higher level (1) has completed and a downward correction is observed as the second wave (2). At the moment, wave А of (2) has formed, within which the fifth wave of the lower level v of A has completed, and the development of an upward correction as wave B of (2) has also begun.

If the assumption is correct, the asset quotes will continue the uptrend to the levels of 47.15 - 49.1. The level of 40.80 is critical and stop-loss for this scenario.

 

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USDJPY - The possibility of growth remains.

On the daily chart, the formation of the first wave of the higher level (1) continues, in which wave 3 of (1) is formed. At the moment, the third wave of the lower level iii of 3 is developing, as part of which wave (iii) of iii is forming. 

If the assumption is correct, USDJPY will rise to the levels of 142–145. The level of 134.69 is critical and stop-loss for this scenario.

 

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Gold - The probability of decline remains.

On the daily chart, a downward correction continues as the fourth wave of the higher level (4), within which wave C of (4) is being formed. At the moment, the fifth wave v of C is developing, the formation of the third wave of the lower level (iii) of v of C is being completed. 

If the assumption is correct, after the completion of the correctional wave (iv) of v of C, XAUUSD will fall to the levels of 1621.9–1515.1. The level of 1771.3 is critical and stop-loss for this scenario.

 

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EURUSD - Growth is possible

On the daily chart, a downward correction of the higher level ended as the wave (B), within which the wave C of (B) formed. The upward wave (С) is forming now, within which the first entry wave of the lower level (i) of i of 1 of (C) is developing. 

If the assumption is correct, the EURUSD pair will grow to the levels of 1.0612 – 1.0787. In this scenario, critical stop loss level is 0.9944.

 

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GBP USD - 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). Now, the third upward wave (3) has started to develop, within which the first wave entry of the lower level (i) of i of 1 of (3) is developing. 

If the assumption is correct, the GBPUSD pair will grow to the levels of 1.2674 – 1.315. In this scenario, critical stop loss level is 1.175.

 

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Apple - The price may grow

On the daily chart, the third wave of the higher level 3 formed, a downward correction ended as the fourth wave 4, and the formation of the fifth wave 5 started. Now, the first entry wave of the lower level (1) of 5 is developing, within which the wave 3 of (1) is forming.

If the assumption is correct, the price of the asset will grow to the levels of 165.65 – 183.14. In this scenario, critical stop loss level is 142.4.

 

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Microsoft - Growth is possible

On the daily chart, the third wave of the higher level 3 formed, a downward correction developed as the fourth wave 4, and the fifth wave 5 forms. Now, the first entry wave (1) of 5 is developing, within which the wave of the lower level 1 of (1) has formed, the wave 2 of (1) has ended, and the wave 3 of (1) is developing. 

 

If the assumption is correct, the price of the asset will grow to the levels of 316.2–350.4. In this scenario, critical stop loss level is 244.9.

 

 

 

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USDJPY - Growth is possible

On the daily chart, the first wave of the higher level (1) develops, within which the wave 3 of (1) forms. Now, the third wave of the lower level iii of 3 is developing, within which the wave (v) of iii is forming. 

 

If the assumption is correct, the USDJPY pair will grow to the levels of 142 – 145. In this scenario, critical stop loss level is 131.35.

 

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Silver - A fall is possible.

On the daily chart, a downward correction of the higher level formed as the second wave (2), within which the wave C of (2) forms. Now, the fifth wave v of C is developing, within which, the wave (v) of v has formed. 

 

If the assumption is correct, the XAGUSD pair will fall to the levels of 17.2 – 15.77. In this scenario, critical stop loss level is 19.12.

 

 

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PayPal - The price may grow.

On the daily chart, the upward wave of the higher level А formed, and a downward correction forms as the wave B. Now, the wave (А) of B has formed, within which the fifth wave of the lower level 5 of (A) has ended, and an upward correction is starting to develop as the wave (B) of B. 

If the assumption is correct, after the end of the local correction as the wave (B) of B, the price of the asset will grow to the levels of 158.6 – 186.7. In this scenario, critical stop loss level is 67.4.

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Bank of America - The price is in a correction and may grow.

 

On the daily chart, the first wave of the higher level 1 formed, and a downward correction develops as the second wave 2. Now, the wave (А) of 2 has developed, within which the fifth wave of the lower level 5 of (А) has formed, and a local correction is developing as the wave (B) of 2, within which, the upward wave C of (B) has developed. 

 

If the assumption is correct, after the end of the correction, the price of the asset will grow to the levels of 39.3 – 41.45. In this scenario, critical stop loss level is 29.6.

 

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JPMorgan Chase - Growth is possible.

On the daily chart, the third wave of the higher level 3 developed, and a downward correction develops as the wave 4. Now, the wave (А) of 4 has formed, within which the fifth wave of the lower level 5 of (А) is developing, and the development of the wave (B) of 4 has started. 

If the assumption is correct, the price of the asset will grow within the wave (B) of 4 to the levels of 131.55 – 139.45. In this scenario, critical stop loss level is 105.97.

 

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AUD USD - The pair is in a correction, a fall is possible.

On the daily chart, the first wave of the higher level (1) of C developed, 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 developed, and a local correction is ending as the fourth wave iv of C. 

If the assumption is correct, the AUDUSD pair will fall to the levels of 0.66–0.645. In this scenario, critical stop loss level is 0.7273.