EURUSD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022
The primary scenario is to think about taking short positions on dips below the level of 1.0196 with a target of 0.9700 to 0.9475.
An alternative possibility is that the pair will continue to rise to the levels of 1.0375–1.0618 after breaking out and consolidating above the level of 1.0196.
Analysis: On the weekly chart, an irregular flat ()-()-(C) indicates that a corrective wave of larger degree B is still likely to be developing. On the daily chart, wave (B) of (B) is probably developing, while wave (B) of (B) is still forming as its component. On the H4 chart, the fifth wave (v) of the v of C is forming. It comprises a local adjustment that was finished as wave iv of the smaller degree (iii) of wave (v) (v). The creation of wave v of (v). If the assumption is accurate, the pair will keep falling until it reaches values between 0.9700 and 0.9475. In this case, the level of 1.0196 is crucial. The pair will be able to continue climbing once it breaks out to levels between 1.0375 and 1.0618.
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| EURUSD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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| EURUSD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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| EURUSD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
GBPUSD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022
The primary scenario is to think about taking short positions on corrections below the level of 1.1737 with a target of 1.1190 to 1.1000.
An alternative scenario is that the pair will continue to rise to levels between 1.2280 and 1.2665 if it breaks out and consolidates above the level of 1.1737.
Analysis: Wave (3) of V is forming as the fifth wave of bigger degree V, which is likely developing on the daily chart. On the H4 chart, the fifth wave of smaller degree 5 of (1) is growing, with wave iii of 5 continuing to form inside. According to the H1 chart, a local correction has finished as wave (iv) of (iii), the third wave (iii) of (iii) of 5, and the fifth wave (v) of (iii) is forming. If the assumption is accurate, the pair will keep falling until it reaches values between 1.1190 and 1.1000. In this scenario, the level of 1.1737 is crucial since a breach there would allow the pair to continue advancing to levels between 1.2280 and 1.2665.
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| GBPUSD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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| GBPUSD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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| GBPUSD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
USDJPY : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022
Main scenario: After a correction is finished, think about taking long positions above the level of 138.83 with a target of 147.00–149.99.
An alternative possibility is that the pair will continue to fall to levels between 135.88 and 131.70 after breaking through and consolidating below the level of 138.83.
Analysis: Wave 3 of (3) was produced as the upward third wave of larger degree (3), which is still developing on the daily chart. On the H4 chart, the fourth wave 4 of (3) has finished forming, and the fifth wave 5 of (3) is still developing. On the H1 chart, it appears that the third wave of smaller degree iii of 5 has developed, and a local correction is developing as the fourth wave iv of 5, with wave (a) of iv as its component. If the assumption is accurate, the pair will continue to increase until it reaches levels between 147.00 and 149.99. In this scenario, the level of 138.83 is crucial since a breakout would allow the pair to keep falling to the levels of 135.88 and 131.70.
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| USDJPY : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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| USDJPY : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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| USDJPY : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
USDCHF : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022
The primary scenario is to think about taking short positions on corrections below the level of 0.9865 with a target range of 0.9350-0.9200.
An alternative scenario is that the pair will continue to rise to levels between 1.0056 and 1.0200 with a breakout and consolidation above the level of 0.9865.
Analysis: On the daily chart, the fourth wave of larger degree (4) appears to have finished growing as an ascending corrective, and the fifth wave (5) of 5 began to take shape. On the H4 chart, wave I of 1 has developed and a corrective has been finished as wave ii of 1, forming the first wave of smaller degree 1 of (5). On the H1 chart, it appears that the third wave iii of 1 began to build, with wave I of iii having developed and a local correction having most likely ended as wave (ii) of iii inside. If the assumption is accurate, the pair will keep falling until it reaches values between 0.9350 and 0.9200. In this case, the value of 0.9865 is crucial. The pair will be able to continue gaining once it breaks out to levels between 1.0056 and 1.0200.
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| USDCHF : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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| USDCHF : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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| USDCHF : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
USDCAD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022
Main scenario: After the pair completes its decline, think about taking long positions above the level of 1.3175 with a target of 1.3708–1.3870.
An alternative scenario is that the pair will continue to decline to levels between 1.2951 and 1.2721 if it breaks out and consolidates below the level of 1.3175.
Analysis: Wave (1) of 5 was formed, and a corrective wave (2) of 5 was finished, thus it is likely that the fifth wave of larger degree 5 is currently developing on the daily chart. On the H4 chart, the third wave (3) of the five-wave structure began to take shape, with the first wave of smaller degree 1 of (3) and a corrective wave 2 of (3) forming inside. On the H1 chart, wave I of 3 appeared to be reaching completion as the third wave 3 of (3) began to form. Once a local correction that is wave ii of 3 has finished developing, the pair will climb further to the levels of 1.3708 to 1.3870 if the assumption is right. In this scenario, the level of 1.3175 is crucial because if it is broken, the pair will be able to continue falling to the levels of 1.2951 and 1.2721.
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| USDCAD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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| USDCAD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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| USDCAD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
WTI Crude Oil : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022
The primary scenario is to think about taking short positions from corrections below the level of 87.30 with a target range of 69.28 to 54.60.
An alternative possibility is that the asset will continue to rise to levels between 92.50 and 98.30 after breaking out and consolidating above the level of 87.30.
On the daily chart, the first wave of greater degree (1) is likely to have developed, and the second wave, a downside correction, is developing (2). On the H4 chart, waves (2) A and (2) B appear to be forming. The initial counter-trend wave of smaller degree I of wave C of (2) has finished, and a local correction has formed as wave ii of wave C inside. Wave (iii) of iii is emerging while wave (iii) of C looks to be forming on the H1 chart. If the assumption is accurate, the price will keep dropping until it reaches the range of 69.28 to 54.60. In this case, the level of 87.30 is crucial since a breakout there would allow for further price growth to levels between 92.50 and 98.30.
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| WTI Crude Oil : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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| WTI Crude Oil : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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| WTI Crude Oil : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
XAUUSD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022
The primary scenario is to think about taking short positions from corrections below the level of 1734.53 with a target range of 1601.03 to 1491.84.
An alternative scenario is that the pair will continue to rise to levels between 1809.33 and 1879.10 after breaking out and consolidating above the level of 1734.53.
Analysis: On the daily chart, a bearish correction is apparently still developing as the fourth wave of bigger degree (4), with wave C of (4) still forming inside. On the H4 chart, the fifth wave of smaller degree (v) of iii of C is reportedly forming inside the third wave iii of C. On the H1 chart, wave iii of (v) of iii is developing. If the assumption is accurate, the pair will keep decreasing until it reaches 1601.03 - 1491.84. In this case, the level of 1734.53 is crucial since a breach there would allow the pair to continue climbing to levels between 1809.33 and 1879.10.
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| XAUUSD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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| XAUUSD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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| XAUUSD : Elliott wave analysis and forecast for 23.09.2022 – 30.09.2022 |
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