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Forex Market Elliott Wave Analysis and Prediction for April 22nd to April 29th

EURUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th

Long positions from corrections over 1.0750 with a target of 1.1184 – 1.1487 are the main scenario.

Alternative scenario: The pair will continue to fall to levels of 1.0627 – 1.0450 if it breaks and consolidates below the level of 1.0750.

Analysis: On the daily chart, the first wave of bigger degree 1 of (3) has developed, and wave 2 of the downside correction has formed (3). On the H4 chart, wave c of 2 appears to be coming to a close, with the fifth wave (v) of c forming as part of it. On the H1 chart, the third wave 3 of (3) is forming, with the first opposite wave of small extent I of I of I of 3 forming inside.If the assumption is right, the pair might increase to levels between 1.1184 and 1.1487. In this circumstance, the level of 1.0750 is crucial. Its breakout will cause the pair to fall to levels between 1.0627 and 1.0450.

EURUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th
EURUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th

EURUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th
EURUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th

EURUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th
EURUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th

GBPUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th

Short positions from corrections below 1.3146 with a target of 1.2831 – 1.2670 are the main scenario.

Alternative scenario: The pair will continue to rise to levels of 1.3305 – 1.3650 if it breaks out and consolidates above the level of 1.3146.

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 that the fifth wave v of C is forming, with a local correction as wave (iv) of v and wave (v) of v developing inside. If the prediction is true, the pair will continue to fall to 1.2831 – 1.2670 levels. In this situation, the level of 1.3146 is crucial, as a break will allow the pair to continue advancing to levels of 1.3305 – 1.3650.

GBPUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th
GBPUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th

GBPUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th
GBPUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th

GBPUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th
GBPUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th

USDCHF Elliott Wave Analysis and Prediction for April 22nd to April 29th

Long positions from corrections over 0.9440 with a target of 0.9600 – 0.9683 are the main scenario.

Alternative scenario: The pair will continue to fall to levels of 0.9192 – 0.9087 if it breaks and consolidates below the level of 0.9440.

On the daily chart, a downward first wave of bigger degree (1) of 5 has developed, and a bullish corrective as the second wave (2) of 5 is still developing, with wave C of (2) forming as part of it. 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 0.9600 – 0.9683 if the prediction is right. In this circumstance, the level of 0.9440 is critical. Its breakthrough will cause the pair to decline to levels between 0.9192 and 0.9087.

USDCHF Elliott Wave Analysis and Prediction for April 22nd to April 29th
USDCHF Elliott Wave Analysis and Prediction for April 22nd to April 29th

USDCHF Elliott Wave Analysis and Prediction for April 22nd to April 29th
USDCHF Elliott Wave Analysis and Prediction for April 22nd to April 29th

USDCHF Elliott Wave Analysis and Prediction for April 22nd to April 29th
USDCHF Elliott Wave Analysis and Prediction for April 22nd to April 29th

USDJPY Elliott Wave Analysis and Prediction for April 22nd to April 29th

Main scenario: once a correction has formed, consider long positions above the level of 125.60 with a target of 132.00 – 135.00.

Alternative scenario: The pair will continue to fall to levels of 123.26 – 121.41 if it breaks and consolidates below the level of 125.60.

On the daily chart, the third wave of bigger degree (3) is still developing, with wave 3 of (3) forming inside. On the H4 chart, the third wave of smaller degree iii of 3 appears to be completed, and a corrective wave iv of 3 has begun to build. On the H1 chart, wave (a) of iv looks to be forming. If the prediction is true, the pair will rise to levels between 132.00 and 135.00 after the third correction is completed. In this situation, the level of 125.60 is crucial because if it is broken, the pair will continue to fall to the levels of 123.26 – 121.41.

USDJPY Elliott Wave Analysis and Prediction for April 22nd to April 29th
USDJPY Elliott Wave Analysis and Prediction for April 22nd to April 29th

USDJPY Elliott Wave Analysis and Prediction for April 22nd to April 29th
USDJPY Elliott Wave Analysis and Prediction for April 22nd to April 29th

USDJPY Elliott Wave Analysis and Prediction for April 22nd to April 29th
USDJPY Elliott Wave Analysis and Prediction for April 22nd to April 29th

USDCAD Elliott Wave Analysis and Prediction for April 22nd to April 29th

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 and a local correction (ii) of v have developed, and wave (ii) of v has begun to develop. If the prediction is true, the pair will increase 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 22nd to April 29th
USDCAD Elliott Wave Analysis and Prediction for April 22nd to April 29th

USDCAD Elliott Wave Analysis and Prediction for April 22nd to April 29th
USDCAD Elliott Wave Analysis and Prediction for April 22nd to April 29th

USDCAD Elliott Wave Analysis and Prediction for April 22nd to April 29th
USDCAD Elliott Wave Analysis and Prediction for April 22nd to April 29th

XAUUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th

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, wave iii of 3 appears to be forming, with a local correction developing as the fourth wave (iv) of iii. On the H1 chart, the fifth wave (v) of iii is still unfolding, with wave iv of (v) coming to a close. 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 22nd to April 29th
XAUUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th
XAUUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th
XAUUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th

XAUUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th
XAUUSD Elliott Wave Analysis and Prediction for April 22nd to April 29th


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