EURUSD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22
The primary scenario is to think about taking short positions on dips below the level of 1.0457 with a goal of 0.9800 to 0.9700.
An alternative possibility is that the pair will continue to rise to the levels of 1.0937–1.1184 after breaking out and consolidating above the level of 1.0457.
On the daily chart, the last wave (Z) of wave B is forming as part of a bearish correction that is likely still developing as wave of larger degree B. On the H4 chart, wave C of (Z) seems to be developing, with the fifth wave of smaller degree v of C forming inside. On the H1 chart, wave iii of wave (v) is complete and the fifth wave (v) of wave (v) is in the process of developing. If the assumption is accurate, once a local correction has developed as wave iv of a larger wave, the pair will continue to decline to the levels of 0.9800 - 0.9700. (v). In this case, the level of 1.0457 is crucial. The pair will be able to continue increasing after it breaks out to levels between 1.0937 and 1.1184.
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| EURUSD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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| EURUSD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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| EURUSD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
GBPUSD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22
The primary scenario is to think about taking short positions on corrections below the level of 1.1967 with a target range of 1.1600–1.1450.
An alternative possibility is that the pair will continue to rise to the levels of 1.2406–1.2685 after breaking out and consolidating above the level of 1.1967.
On the daily chart, the first wave of greater magnitude (1) forms, and a descending corrective continues to form as wave (2). (2). On the H4 chart, wave C of (2) is developing, with the fifth wave v of C forming as a part of it. On the H1 chart, wave iv of (v) and wave v of (v) are developing inside of a local correction as the fifth wave of smaller degree (v) of v looks to be forming. If the assumption is accurate, the pair will keep falling until it reaches values between 1.1600 and 1.1450. In this scenario, the level of 1.1967 is crucial since a breach there would allow the pair to continue advancing to the levels of 1.2406 and 1.2685.
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| GBPUSD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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| GBPUSD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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| GBPUSD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
USDCHF : Elliott wave analysis and forecast for 15.07.22 – 22.07.22
The main scenario is to think about taking long positions from corrections over the level of 0.9746 with an objective of 1.0200-1.0400.
An alternative possibility is that the pair will continue to decline to levels between 0.9492 and 0.9285 after breaking out and consolidating below the level of 0.9746.
Analysis: Wave 3 of (3) is emerging as the third wave of bigger degree (3) on the daily chart. The H4 chart shows the third wave of smaller degree iii of 3, and the fourth wave iv of 3 follows a local correction. On the H1 chart, it appears like wave (iii) of wave V, the fifth wave v of 3, is developing. If the assumption is accurate, the pair will increase to values between 1.0200 and 1.0400. In this case, the value of 0.9746 is crucial. If it breaks out, the pair will be free to keep descending to levels between 0.9492 and 0.9285.
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| USDCHF : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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| USDCHF : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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| USDCHF : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
USDJPY : Elliott wave analysis and forecast for 15.07.22 – 22.07.22
Main scenario: From corrections above the level of 134.78, take into account long positions with a target of 142.36 to 145.00.
An alternative possibility is that the pair will continue to fall to levels between 131.72 and 127.21 if it breaks through and consolidates below the level of 134.78.
Analysis: Wave 3 of the greater degree (3) is still forming as part of the third wave, which is developing on the daily chart. On the H4 chart, wave (iii) of v, the fifth wave of smaller degree v of 3, is ostensibly developing. The H1 chart indicates that wave iii of (iii) is forming. If this presumption is true, the pair will increase further, reaching 142.36 to 145.00. In this case, the level of 134.78 is crucial because a break of it would allow the pair to continue falling to the levels of 131.72 and 127.21.
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| USDJPY : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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| USDJPY : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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| USDJPY : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
USDCAD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22
The main scenario is to think about opening long positions on corrections over the level of 1.2932 with a target range of 1.3431 to 1.3600.
An alternative scenario is that the pair will continue to decline to levels between 1.2809 and 1.2517 if it breaks out and consolidates below the level of 1.2932.
Analysis: On the daily chart, wave 3 of (1), the first wave of bigger degree (1) of 5, is most likely developing. On the H4 chart, wave (iii) of iii is developing inside the third wave of smaller degree iii of 3. According to the H1 chart, wave ii of (iii), a local correction, has apparently finished forming, and wave iii of (iii) is already taking shape. If the assumption is accurate, the pair will increase to levels between 1.3431 and 1.3600. In this case, the level of 1.2932 is crucial because a break of it would allow the pair to continue falling to levels between 1.2809 and 1.2517.
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| USDCAD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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| USDCAD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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| USDCAD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
WTI Crude Oil : Elliott wave analysis and forecast for 15.07.22 – 22.07.22
The primary scenario is to take into account short positions from corrections below the level of 106.22 with a target range of 84.25 to 79.00.
An alternative scenario is that the asset will continue to rise to levels between 115.91 and 123.95 after breaking out and consolidating above the level of 106.22.
Analysis: Wave 3 of (1) has developed inside the first wave of bigger degree (1), which is apparently still developing on the daily chart. On the H4 chart, a downward correction is likely developing as the fourth wave 4 of (1), with wave c of 4 developing as a component. Evidently, wave (iii) of c developed on the H1 chart. As wave (iv) of c began to form, a local correction developed. If the assumption is accurate, the price will continue to decline following the correction to the range of 84.25 to 79.00. In this case, the level of 106.22 is crucial since a breach there would allow for further price growth to levels between 115.91 and 123.95.
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| WTI Crude Oil : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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| WTI Crude Oil : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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| WTI Crude Oil : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
XAUUSD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22
Consider short positions from corrections below the level of 1783.05 with a target of 1650.00 - 1603.30. This is the main scenario.
An alternative possibility is that the pair will continue to rise to the levels of 1879.10 and 1997.97 after breaking out and consolidating above the level of 1783.05.
Analysis: On the daily chart, a bearish correction is still forming as the fourth wave of bigger degree (4), with wave C of (4) forming inside. On the H4 chart, the third wave of smaller degree (iii) of v, which is a portion of the fifth wave v of C, looks to be completing. On the H1 chart, wave v of (iii) allegedly finished forming. If this supposition is true, after a local adjustment (iv) of v forms, the pair will keep decreasing to 1650.00 - 1603.30. In this scenario, the level of 1783.05 is crucial since a breakout there would allow the pair to continue advancing to levels between 1997.97 and 1879.10
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| XAUUSD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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| XAUUSD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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| XAUUSD : Elliott wave analysis and forecast for 15.07.22 – 22.07.22 |
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