EURUSD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022
The main scenario is to think about taking long positions from corrections over 1.0288 with a goal of 1.0745 to 1.1020.
An alternative possibility is that the pair will continue to decline to levels between 0.9928 and 0.9717 if it breaks out and consolidates below the level of 1.0288.
Analysis: On the daily chart, a bearish wave of greater degree A is likely complete, with the fifth wave (5) of A forming as a part of it. On the H4 chart, it appears that an ascending wave B began to form, with the first counter-trend wave of lesser degree 1 of (A) of B forming as a part of it. H1 chart: wave iii of 1 is still developing, with wave (iv) of iii inside marking the completion of a local correction. The iii's wave (v) is currently developing. The pair will increase to the levels of 1.0745 to 1.1020 if the assumption is right. In this case, the level of 1.0288 is crucial. If it breaks out, the pair will be free to keep sliding until it reaches levels of 0.9928 - 0.9717.
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| EURUSD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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| EURUSD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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| EURUSD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
GBPUSD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022
The primary scenario is to take into account long positions from corrections above the level of 1.2100 with a target range of 1.2674 to 1.2963.
An alternative possibility is that the pair will continue to fall to levels between 1.1750 and 1.1325 after breaking through and consolidating below the level of 1.2100.
Analysis: Wave 5 of V was generated as the fifth wave of bigger degree V, which is thought to have completed developing on the daily chart. On the H4 chart, the third wave of the lesser degree 3 of the first ascending wave (1) began to take shape. A local correction that turned into wave (iv) of iii of 3 and wave (v) of iii of 3 have all obviously developed on the H1 chart. The pair will increase to the levels of 1.2674 - 1.2963 if the assumption is right. In this situation, the level of 1.2100 is crucial because a break of it would allow the pair to continue falling to levels between 1.1750 and 1.1325.
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| GBPUSD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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| GBPUSD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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| GBPUSD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
USDJPY: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022
Consider short positions from corrections below the level of 137.84 with a target of 133.16 - 127.32. This is the main scenario.
An alternative scenario is that the pair will continue to rise to levels between 142.20 and 143.75 after breaking out and consolidating above the level of 137.84.
Analysis: On the daily chart, a bullish third wave of greater degree (3) is likely to have finished growing, with wave 5 of (3) forming inside. On the H4 chart, a negative correction began to form as the fourth wave (4), with wave A of (4) continuing to form inside. On the H1 chart, wave (iv) of v, the fourth wave of smaller degree v of A, appears to be developing as the fifth wave. There is now emerging wave (v) of v. If the assumption is accurate, the pair will keep falling until it reaches the range of 133.16 - 127.32. In this case, the level of 137.84 is crucial since a breach there would allow the pair to continue advancing to levels between 142.20 and 143.75.
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| USDJPY: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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| USDJPY: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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| USDJPY: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
USDCHF: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022
With a target of 0.9285 to 0.9085, try taking short positions on dips below the level of 0.9451.
An alternative scenario is that the pair will continue to rise to levels between 0.9660 and 0.9753 with a breakout and consolidation above the level of 0.9451.
Analysis: On the daily chart, wave 1 of a bullish third wave of greater degree (3) is most likely emerging. On the H4 chart, wave 2 of (3), consisting of waves a and b of 2, is still developing as a descending corrective. 2's wave c is still developing. According to the H1 chart, wave (v) of c is unfolding, wave (iv) has finished developing, and wave (iii) of a smaller degree has created. The pair will continue to decline to the levels of 0.9285 - 0.9085 if the assumption is right. In this case, the level of 0.9451 is crucial. The pair will be able to continue gaining once it breaks out to levels between 0.9660 and 0.9753.
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| USDCHF: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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| USDCHF: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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| USDCHF: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
USDCAD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022
the 1.3824–1.3975 range as a goal for long positions from corrections above the level of 1.3384.
An alternative possibility is that the pair will continue to decline to levels between 1.3220 and 1.3070 after breaking out and consolidating below the level of 1.3384.
Analysis: Wave (3) of 5 is forming as the fifth wave of bigger degree 5 that is apparently developing on the daily chart. On the H4 chart, the third wave 3 of (3) is still developing. Its components are wave iii of 3 and wave-shaped correction iv of 3. The third wave's fifth v wave is currently forming. On the H1 chart, it appears that wave I of v and a local correction (ii) of v are formed, while wave (iii) of v is still developing. If the assumption is accurate, the pair will increase to values between 1.3824 and 1.3975. In this case, the level of 1.3384 is crucial because a break of it would allow the pair to continue falling to levels between 1.3220 and 1.3070.
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| USDCAD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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| USDCAD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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| USDCAD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
WTI Crude Oil: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022
The primary scenario is to think about taking short positions on corrections below the level of 84.00 with a target range of 63.00–54.50.
An alternative possibility is that the asset will continue to rise to levels between 94.40 and 98.25 after breaking out and consolidating above the level of 84.00.
Analysis: On the daily chart, the first wave of greater magnitude (1) is likely to have developed, and a negative corrective is still developing as the second wave (2). On the H4 chart, wave C of (2) is purportedly developing. It contains a correction that was created as C wave IV. On the H1 chart, a local corrective that served as wave (iv) of v inside the fifth wave of smaller degree v of C appeared to be developing. The v wave is developing. If the assumption is accurate, the price will keep dropping until it reaches the range of 63.00 - 54.50. In this scenario, the level of 84.00 is crucial since a breakout would allow the price to rise further to levels between 94.40 and 98.25.
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| WTI Crude Oil: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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| WTI Crude Oil: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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| WTI Crude Oil: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
XAUUSD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022
The primary scenario is to think about taking long positions from corrections above the level of 1765.01 with a target range of 1851.11 to 1920.84.
An alternative possibility is that the pair will continue to decline to levels between 1714.44 and 1689.68 if it breaks out and consolidates below the level of 1765.01.
Analysis: On the daily chart, wave C of wave (4) has been completed inside what appears to be a downward corrective as the fourth wave (4) of larger degree. On the H4 chart, the first counter-trend wave of smaller degree I of 1 of (5) is still developing as part of what appears to be the fifth wave (5). On the H1 chart, wave (v) of I is growing, with wave (v) of (v) forming as a subwave. The pair will increase to the levels of 1851.11 - 1920.84 if the assumption is right. In this scenario, the level of 1765.01 is crucial because a break of it would allow the pair to continue falling to the levels of 1714.44 and 1689.68.
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| XAUUSD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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| XAUUSD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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| XAUUSD: Elliott wave analysis and forecast for 09.12.2022 – 17.12.2022 |
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