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Elliott Wave Analysis and Forecast for 15.04.2022 – 22.04.2022 in Forex Trading

Elliott Wave Analysis and Forecast in Forex Market
Elliott Wave Analysis and Forecast in Forex Market

EURUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

Main scenario: after a correction forms, consider long positions above 1.0629 with a goal of 1.1184 – 1.1487.

Alternative scenario: The pair will continue to fall to levels of 1.0450 – 1.0335 if it breaks and consolidates below the level of 1.0629.

Analysis: on the daily chart, the first wave of bigger degree 1 of (3) has formed, and a downside correction as wave 2 of (3) appears to be nearing completion (3). On the H4 chart, wave c of 2 appears to be coming to a close, with the fifth wave (v) of c forming inside. On the H1 chart, the fifth wave of lesser degree v of (v) of c of 2 is said to be nearing conclusion. If the assumption is right, the pair should resume its upward trend to levels between 1.1184 and 1.1487. In this circumstance, the level of 1.0629 is crucial. Its breakout will cause the pair to tumble to levels between 1.0450 and 1.0335.
EURUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
EURUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

EURUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
EURUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

EURUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
EURUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022


GBPUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

Short positions from corrections below 1.3180 with a target of 1.2831 – 1.2670 are the main scenario.

Alternative scenario: The pair will continue to rise to levels of 1.3745 – 1.4255 if it breaks out and consolidates above the level of 1.3180.

On the daily chart, the first wave of larger degree (1) has developed, and a descending corrective is developing as wave 2. (2). Wave B of (2) has completed on the H4 chart, and wave C of (2) is forming. On the H1 chart, it appears like wave v of C is forming, with a local corrective as wave (iv) of v inside. If the prediction is true, the pair will continue to fall to 1.2831 – 1.2670 levels. In this situation, the level of 1.3180 is crucial, as a break will allow the pair to continue advancing to levels of 1.3745 – 1.4255.
GBPUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
GBPUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

GBPUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
GBPUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

GBPUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
GBPUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022


USDCHF Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

Long positions from corrections above 0.9282 with a target of 0.9510 – 0.9683 are the main scenario.

Alternative scenario: The pair will continue to fall to levels of 0.9087 – 0.8924 if it breaks and consolidates below the level of 0.9282.

On the daily chart, a descending first wave of larger degree (1) of 5 has developed, and a correction is forming as the second wave (2) of 5, with wave C of (2) forming inside. The fourth wave iv of C is likely complete on the H4 chart, while the fifth wave v of C is still forming. On the H1 chart, the fifth wave of smaller degree (v) of v of C looks to be forming. The pair will continue to rise to 0.9510 – 0.9683 if the prediction is right. In this circumstance, the level of 0.9282 is critical. The pair will be able to continue sliding to levels of 0.9087 – 0.8924 as a result of its breakout.
USDCHF Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
USDCHF Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

USDCHF Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
USDCHF Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

USDCHF Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
USDCHF Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

USDJPY Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

Long positions from corrections over 121.83 with a goal of 128.00 – 130.00 are the main scenario.

Alternative scenario: The pair will continue to fall to levels of 119.07 – 114.57 if it breaks and consolidates below the level of 121.83.

On the daily chart, the third wave of bigger degree 3 is likely still developing, with wave iii of 3 forming as part of it. On the H4 chart, the third wave of smaller degree (iii) has developed, the corrective wave (iv) of iii has completed development, and the fifth wave (v) of iii is forming. On the H1 chart, Wave v of (v) appears to be nearing conclusion. If this assumption is right, once a local correction iv of 3 is finished, the pair will continue to rise to 128.00 – 130.00. In this situation, the level of 121.83 is crucial, as a break will allow the pair to continue falling to the levels of 119.07 – 114.57.
USDJPY Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
USDJPY Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

USDJPY Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
USDJPY Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

USDJPY Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
USDJPY Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022


USDCAD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

Long positions from corrections over 1.2394 with a goal of 1.2976 – 1.3200 are the main scenario.

Alternative scenario: The pair will continue to fall to levels of 1.2250 – 1.2024 if it breaks and consolidates below the level of 1.2394.

On the daily chart, a downward correction as the fourth wave 4 of bigger degree has purportedly ended, and the fifth wave 5 has begun to form, with wave 1 of (1) of 5 developing inside.On the H4 chart, a corrective wave iv of 1 ended forming, and wave v of 1 began to form. On the H1 chart, it appears that the first wave of smaller degree I of v has developed, and wave (ii) of v is developing as a local corrective. If the prediction is true, the pair will continue to increase after the correction to levels between 1.2976 and 1.3200. In this situation, the level of 1.2394 is significant because if it is broken, the pair will continue to fall to the levels of 1.2250 – 1.2024.
USDCAD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
USDCAD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

USDCAD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
USDCAD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

USDCAD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
USDCAD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022


XAUUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

Long positions from corrections over 1890.34 with a goal of 2070.98 – 2150.00 are the main scenario.

Alternative scenario: The pair will continue to fall to levels of 1849.41 – 1779.58 if it breaks and consolidates below the level of 1890.34.

On the daily chart, the fifth wave of larger degree (5) is still developing, with wave 3 of (5) forming inside. On the H4 chart, it appears like wave iii of 3 is forming, with wave iii of smaller degree (iii) forming as part of it. A local correction has apparently completed as the fourth wave (iv) of iii on the H1 chart, and the fifth wave (v) of iii is now forming. If the forecast is true, the pair will increase to levels between 2070.98 and 2150.00. In this scenario, the level of 1890.34 is crucial, as a break will allow the pair to continue falling to the levels of 1849.41 – 1779.58.
XAUUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
XAUUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

XAUUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
XAUUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022

XAUUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022
XAUUSD Elliott Wave Analysis and Prediction for April 15, 2022 – April 22, 2022




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