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Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

EURUSD : 01.04.22 – 08.04.22 Elliott Wave Analysis and Prediction

Long positions from corrections above 1.0806 with a target of 1.1487 – 1.1690 are the main scenario.

Alternative scenario: The pair will continue to fall to levels of 1.0628 – 1.0450 if it breaks and consolidates below the level of 1.0806.

Analysis: daily chart: the first wave of bigger degree 1 of (3) has developed, and wave 2 of the downside correction has appeared (3). On the H4 chart, it appears that the third wave 3 of (3) has begun to form. On the H1 chart, the first wave of smaller degree I of I of 3 has formed, and a corrective wave (ii) of I is currently forming. Once the correction is finished, if the supposition is accurate, the pair will climb in wave (iii) of I to levels of 1.1487 – 1.1690. In this circumstance, the level of 1.0806 is crucial. Its breakout will cause the pair to tumble to levels between 1.0628 and 1.0450.

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

GBPUSD : 01.04.22 – 08.04.22 Elliott Wave Analysis and Prediction

Short positions from corrections below 1.3302 with a target of 1.3000 – 1.2831 are the main scenario.

Alternative scenario: The pair will continue to rise to levels of 1.3414 – 1.3638 if it breaks out and consolidates above the level of 1.3302.

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 finished forming on the H4 chart, and wave C of (2) is developing. The third wave of smaller degree iii of C looks to have formed on the H1 chart, a local correction as the fourth wave iv of C has been finished, and wave v of C has begun to unfold. The pair will continue to fall to 1.3000 – 1.2831 if this assumption is right. In this scenario, the level of 1.3302 is key, as a breakout will allow the pair to continue advancing to levels of 1.3414 – 1.3638.
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

USDCHF : 01.04.22 – 08.04.22 Elliott Wave Analysis and Prediction

Short positions from corrections below 0.9456 with a target of 0.8924 – 0.8768 are the main scenario.

Alternative scenario: The pair will continue to rise to levels of 0.9683 – 0.9904 if it breaks out and consolidates above the level of 0.9456.

On the daily chart, a bigger degree (1) of 5 descending first wave has formed, and a correction has apparently evolved as the second wave (2) of 5, with wave C of (2) forming inside. According to the H4 chart, the third wave (3) of 5 has begun to form, with the first counter-trend wave of smaller degree I of 1 of (3) forming inside. On the H1 chart, wave (iii) of I appears to be forming. If my prediction is right, the pair will drop to 0.8924 – 0.8768. In this circumstance, the level of 0.9456 is critical. Its breakout will help the pair to rise to levels between 0.9683 and 0.9904.

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

USDJPY : 01.04.22 – 08.04.22 Elliott Wave Analysis and Prediction

Long positions from corrections over 118.64 with a goal of 126.00 – 128.00 are the main scenario.

Alternative scenario: The pair will continue to fall to levels of 114.57 – 111.92 if it breaks and consolidates below the level of 118.64.

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 fifth wave (v) of iii is still forming. On the H1 chart, the third wave of smaller degree iii of (v) looks to have formed, and wave iv of (v) is developing as a local corrective (v). Once the correction is complete, if the assumption is true, the pair will continue to rise to levels of 126.00 - 128.00. In this situation, the level of 118.64 is crucial, as a break will allow the pair to continue falling to the levels of 114.57 – 111.92.

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

USDCAD : 01.04.22 – 08.04.22 Elliott Wave Analysis and Prediction

Short positions from corrections below 1.2702 with a target of 1.2250 – 1.2024 are the main scenario.

Alternative scenario: The pair will continue to rise to levels of 1.2870 – 1.3200 if it breaks out and consolidates above the level of 1.2702.

On the daily chart, a descending correction looks to be continuing as the fourth wave 4 of larger degree, with wave (C) forming inside. On the H4 chart, the fifth wave 5 of (C) is still forming, with wave iii of 5 unfolding inside. On the H1 chart, it appears that the third wave of smaller degree (iii) of iii is still developing. If my prediction is right, the pair will drop to 1.2250 - 1.2024. In this scenario, the level of 1.2702 is key, as a breakout will allow the pair to continue advancing to levels of 1.2870 – 1.3200.

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading
Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

GOLD : 01.04.22 – 08.04.22 Elliott Wave Analysis and Prediction

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 beginning to form. 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.

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading

Elliott pattern analysis and forecasting for the period of 01.04.22 to 08.04.22 in forex trading


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