official Elliot Wave Analysis by Solidecn.com

[Solid ECN ✔️]

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.

 

[Solid ECN ✔️]

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.

 

[Solid ECN ✔️]

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.

 

[Solid ECN ✔️]

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 AUDUSD pair will grow to the area of 0.6912–0.7135. In this scenario, critical stop loss level is 0.6362.

 

[Solid ECN ✔️]

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.

 

 

[Solid ECN ✔️]

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.

[Solid ECN ✔️]

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.

 

[Solid ECN ✔️]

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.

 

[Solid ECN ✔️]

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.

 

[Solid ECN ✔️]

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.

[Solid ECN ✔️]

PayPal - The price is in correction; the probability of growth is maintained.

On the daily chart, an upward wave of the higher level A has been formed and a downward correction is observed as wave B. At the moment, the wave (A) of B has formed and the upward correction of the lower level continues as the wave (B) of B, in which the wave A of (B) has formed and the wave B of (B) is nearing completion. 

If the assumption is correct, after its completion, the price of the asset will rise to the area of 158.6 – 186.7. The level of 67.4 is critical and stop-loss for this scenario.

[Solid ECN ✔️]

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.

 

 

[Solid ECN ✔️]

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.

 

[Solid ECN ✔️]

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.

 

[Solid ECN ✔️]

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.

 

[Solid ECN ✔️]

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.

 

 

[Solid ECN ✔️]

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.

 

 

[Solid ECN ✔️]

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.

 

[Solid ECN ✔️]

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.

 

 

[Solid ECN ✔️]

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.