EURUSD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22
Main scenario: once a correction forms, consider long positions above 1.0330 with a goal of 1.1184 – 1.1487.
Alternative scenario: The pair will continue to fall to levels of 1.0000 – 0.9816 if it breaks and consolidates below the level of 1.0330.
On the daily chart, a downward corrective appears to be developing as the second wave of greater magnitude (2). On the H4 chart, Wave C of (2) appears to be forming, with the fifth wave v of (2) nearing completion inside. The fifth wave of smaller degree (v) of v is emerging on the H1 chart, with a corrective wave iv of (v) forming as part of it. If the assumption is right, the pair should increase to levels between 1.1184 and 1.1487 once wave v of C of (2) is completed. In this circumstance, the level of 1.0330 is crucial. Its breakout will lead the pair to fall to levels between 1.0000 and 0.9816.
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| EURUSD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
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| EURUSD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
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| EURUSD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
GBPUSD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22
Short positions from corrections below 1.2640 with a target of 1.2086 – 1.1900 are the main scenario.
Alternative scenario: The pair will continue to rise to levels of 1.3083 – 1.3288 if it breaks out and consolidates above the level of 1.2640.
On the daily chart, the first wave of larger degree (1) has developed, and a downward corrective is developing as wave 2. (2). On the H4 chart, wave C of (2) is forming, with the fifth wave v of C as its component. As the fourth wave of smaller degree (iv) of v and wave (v) of v of C unfold on the H1 chart, a local correction appears to have formed. If the forecast is true, the pair will continue to fall to values between 1.2086 and 1.1900. In this scenario, the level of 1.2640 is crucial, as a breakout will allow the pair to continue advancing to levels of 1.3083 – 1.3288.
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| GBPUSD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
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| GBPUSD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
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| GBPUSD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
USDCHF : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22
Long positions from corrections above 0.9710 with a target of 1.0025 – 1.0200 are the main scenario.
Alternative scenario: The pair will continue to fall to levels of 0.9539 – 0.9456 if it breaks and consolidates below the level of 0.9710.
On the daily chart, a downward first wave of larger degree (1) of 5 has developed, and a bullish corrective is developing as the second wave (2) of 5, with wave C of (2) still forming as its portion. On the H4 chart, the third wave iii of C is forming, with wave (iii) of iii forming inside. On the H1 chart, the third wave of smaller degree iii of (iii) appears to be forming. If this assumption is valid, once a local correction iv of (iii) is established, the pair will continue to increase to 1.0025 – 1.0200. In this circumstance, the level of 0.9710 is crucial. The pair will continue to tumble to levels of 0.9539 – 0.9456 if it breaks out.
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| USDCHF : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
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| USDCHF : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
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| USDCHF : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
USDJPY : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22
Long positions from corrections over 128.52 with a target of 135.00–140.00 are the main scenario.
Alternative scenario: The pair will continue to fall to levels of 124.50 – 122.50 if it breaks and consolidates below the level of 128.52.
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 over, and a corrective wave iv of 3 appears to be developing. On the H1 chart, it appears like the fifth wave v of 3 is forming, with a local corrective as wave (ii) of v inside. If the prediction is true, the pair will increase to levels between 135.00 and 140.00. In this scenario, the level of 128.52 is key, as a breakout will allow the pair to continue falling to the levels of 124.50 – 122.50.
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| USDJPY : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
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| USDJPY : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
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| USDJPY : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
USDCAD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22
Long positions from corrections over 1.2632 with a goal of 1.2976 – 1.3200 are the main scenario.
Alternative scenario: The pair will continue to fall to levels of 1.2455 – 1.2250 if it breaks and consolidates below the level of 1.2632.
On the daily chart, the fourth wave 4 of bigger degree appears to have completed, 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 build. On the H1 chart, it appears that the third wave of smaller degree (iii) of v has formed, and a local correction has apparently completed as wave (iv) of v. If the prediction is true, the pair will increase to levels between 1.2976 and 1.3200. In this situation, the level of 1.2632 is significant because if it is broken, the pair will continue to fall to the levels of 1.2455 – 1.2250.
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| USDCAD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
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| USDCAD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
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| USDCAD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
GOLD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22
Long positions from corrections over 1843.85 with a goal of 2070.98 – 2150.00 are the main scenario.
Alternative scenario: The pair will continue to fall to levels of 1775.50 – 1671.75 if it breaks and consolidates below the level of 1843.85.
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 as the fourth wave (iv) of iii inside. On the H1 chart, the fifth wave (v) of iii appears to have begun to form. The pair will continue to increase to 2070.98 – 2150.00 if this assumption is right. In this situation, the level of 1843.85 is crucial, as a break will allow the pair to continue falling to the levels of 1775.50 – 1671.75.
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| GOLD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
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| GOLD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
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| GOLD : Elliott pattern analysis and prediction for the period 06.05.22–13.05.22 |
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