EURUSD Elliott Wave Analysis and Prediction for May 27th – June 3rd
Short positions from corrections below 1.0765 with a goal of 1.0200 – 1.0000 are the main scenario.
Alternative scenario: The pair will continue to rise to levels of 1.0937 – 1.1184 if it breaks out and consolidates above the level of 1.0765.
On the daily chart, a negative correction is likely to continue as wave of larger degree B, with the final wave (Z) of B emerging as part of it. On the H4 chart, Wave C of (Z) looks to be unfolding, with the fifth wave of lesser degree v of C forming inside. Wave (iii) of v formed on the H1 chart, and a local correction is likely complete as wave (iv) of v. If the prediction is right, the pair will continue to fall to 1.0200 – 1.0000 levels. In this circumstance, the level of 1.0765 is crucial. Its breakout will help the pair to rise to levels between 1.0937 and 1.1184.
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| EURUSD Elliott Wave Analysis and Prediction for May 27th – June 3rd |
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| EURUSD Elliott Wave Analysis and Prediction for May 27th – June 3rd |
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| EURUSD Elliott Wave Analysis and Prediction for May 27th – June 3rd |
GBPUSD Elliott Wave Analysis and Prediction for May 27th – June 3rd
Short positions from corrections below 1.2787 with a target of 1.2055 – 1.1900 are the main scenario.
Alternative scenario: The pair will continue to rise to levels of 1.3083 – 1.3302 if it breaks out and consolidates above the level of 1.2787.
On the daily chart, the first wave of larger degree (1) has developed, and a downward corrective is developing as wave 2. (2). Wave C of (2) is forming on the H4 chart, with the fifth wave v of C forming as part of it. On the H1 chart, it appears that the third wave of smaller degree (iii) of v has evolved.As the fourth wave (iv) of v of C, a local correction has likely come to an end, with wave c of (iv) forming as part of it. If the prediction is true, the pair will continue to fall to 1.2055 – 1.1900 levels. In this scenario, the level of 1.2787 is key, as a breakout will allow the pair to continue advancing to levels of 1.3083 – 1.3302.
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| GBPUSD Elliott Wave Analysis and Prediction for May 27th – June 3rd |
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| GBPUSD Elliott Wave Analysis and Prediction for May 27th – June 3rd |
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| GBPUSD Elliott Wave Analysis and Prediction for May 27th – June 3rd |
USDCHF Elliott Wave Analysis and Prediction for May 27th – June 3rd
Main scenario: once a correction forms, consider long positions above 0.9524 with a target of 1.0067 – 1.0200.
Alternative scenario: The pair will continue to fall to levels of 0.9287 – 0.9194 if it breaks and consolidates below the level of 0.9524.
On the daily chart, the third wave of bigger degree (3) is forming, with wave 3 of (3) as a part of it. On the H4 chart, the third wave of smaller degree iii of 3 is supposedly developing, with wave (iii) of iii forming inside. As the fourth wave (iv) of iii on the H1 chart approaches completion, it appears that a local correction is nearing conclusion. Once the correction is complete, if this assumption is right, the pair will continue to advance to levels of 1.0067 – 1.0200. In this circumstance, the level of 0.9524 is critical. The pair will be able to continue sliding to levels of 0.9287 – 0.9194 as a result of its breakthrough.
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| USDCHF Elliott Wave Analysis and Prediction for May 27th – June 3rd |
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| USDCHF Elliott Wave Analysis and Prediction for May 27th – June 3rd |
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| USDCHF Elliott Wave Analysis and Prediction for May 27th – June 3rd |
USDJPY Elliott Wave Analysis and Prediction for May 27th – June 3rd
Short positions from corrections below 131.27 with a target of 124.70 – 122.57 are the main scenario.
Alternative scenario: The pair will continue to rise to levels of 135.00 – 140.00 if it breaks out and consolidates above the level of 131.27.
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, a downside correction appears to be forming as wave 4 of (3), with wave an of 4 forming inside. On the H1 chart, it appears that a local correction is beginning to form as wave b of 4. If this assumption is right, once the correction is over, the pair will continue to fall to levels between 124.70 and 122.57. In this scenario, the level of 131.27 is key, as a breakout will allow the pair to continue rising to levels of 135.00 – 140.00.
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| USDJPY Elliott Wave Analysis and Prediction for May 27th – June 3rd |
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| USDJPY Elliott Wave Analysis and Prediction for May 27th – June 3rd |
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| USDJPY Elliott Wave Analysis and Prediction for May 27th – June 3rd |
USDCAD Elliott Wave Analysis and Prediction for May 27th – June 3rd
Short positions from corrections below 1.2884 with a target of 1.2534 – 1.2410 are the main scenario.
Alternative scenario: The pair will continue to rise to levels of 1.3073 – 1.3428 if it breaks out and consolidates above the level of 1.2884.
On the daily chart, it appears that a descending corrective has completed as the fourth wave 4 of larger degree, and the fifth wave 5 has begun to form. On the H4 chart, the first counter-trend wave of smaller degree 1 of (1) of 5 has developed, and the second wave 2 of (1) of 5 is developing as a local correction. On the H1 chart, wave an of 2 appears to be forming, with wave (iii) of a forming as part of it. If the prediction is true, the pair will continue to fall to 1.2534 – 1.2410 levels. In this scenario, the level of 1.2884 is key, as a breakout will allow the pair to continue advancing to levels of 1.3073 – 1.3428.
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| USDCAD Elliott Wave Analysis and Prediction for May 27th – June 3rd |
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| USDCAD Elliott Wave Analysis and Prediction for May 27th – June 3rd |
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| USDCAD Elliott Wave Analysis and Prediction for May 27th – June 3rd |
XAUUSD Elliott Wave Analysis and Prediction for May 27th – June 3rd
Long positions from corrections over 1784.38 with a goal of 1997.97 – 2070.98 are the main scenario.
Alternative scenario: The pair will continue to fall to levels of 1722.24 – 1616.95 if it breaks and consolidates below the level of 1784.38.
On the daily chart, the third wave of larger degree (3) is still developing, with the fifth wave 5 of (3) forming inside. On the H4 chart, wave iii of 5 appears to be complete, and a local correction has occurred as wave iv of 5. On the H1 chart, the fifth wave v of 5 is presumably developing, with the first counter-trend wave of smaller degree I of v forming inside. If the forecast is true, the pair will increase to levels between 1997.97 and 2070.98. In this situation, the level of 1784.38 is crucial because if it is broken, the pair will continue to fall to the levels of 1722.24 – 1616.95.
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| XAUUSD Elliott Wave Analysis and Prediction for May 27th – June 3rd |
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| XAUUSD Elliott Wave Analysis and Prediction for May 27th – June 3rd |
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| XAUUSD Elliott Wave Analysis and Prediction for May 27th – June 3rd |
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