EURUSD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023
The main scenario is to think about taking long positions from corrections over 1.0677 with a goal of 1.1020 to 1.1300.
An alternative possibility is that the pair will continue to fall to levels between 1.0475 and 1.0378 after breaking through and consolidating below the level of 1.0677.
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 v of wave 1 is likely developing, with wave (ii) of v forming within as a local correction. If the assumption is accurate, the pair will increase to levels between 1.1020 and 1.1300. In this case, the level of 1.0677 is crucial. If it breaks out, the pair will be free to keep sliding until it reaches levels between 1.0475 and 1.0378.
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| EURUSD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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| EURUSD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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| EURUSD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
GBPUSD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023
the 1.2674–1.3000 range as a target for long positions from corrections above the level of 1.2086.
An alternative possibility is that the pair will continue to decline to levels between 1.1845 and 1.1677 after breaking out and consolidating below the level of 1.2086.
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 first upward wave (1) began to form; the third wave of smaller degree 3 of (1) was produced, and a local correction was finished as the fourth wave 4 of (1) inside. On the H1 chart, it appears that the fifth wave 5 of (1) is taking shape, with wave I of 5 continuing to form as its component. If the assumption is accurate, the pair will increase until it reaches levels between 1.2674 and 1.3000. In this case, the level of 1.2086 is crucial because a break of it would allow the pair to continue falling to levels between 1.1845 and 1.1677.
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| GBPUSD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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| GBPUSD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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| GBPUSD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
USDJPY : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023
the 125.35–121.52 range as a goal for short positions from corrections below the level of 131.48.
An alternative scenario is that the pair will continue to rise to levels between 134.92 and 138.24 after breaking out and consolidating above the level of 131.48.
Analysis: On the daily chart, the upward third wave of bigger degree (3) has finished developing, and wave 5 of (3) has developed as a part of it. On the H4 chart, wave C of (4) is forming as the fourth wave (4) of a descending correction that appears to be continuing to develop. On the H1 chart, wave (v) of smaller degree iii of C is forming inside the third wave, which appears to be developing. If this presumption is true, the pair will keep falling until it reaches 125.35 - 121.52. In this case, the level of 131.48 is crucial since a breakout there would allow the pair to advance further, to levels between 134.92 and 138.24.
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| USDJPY : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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| USDJPY : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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| USDJPY : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
USDCHF : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023
The primary scenario is to think about taking short positions on corrections below the level of 0.9355 with a target range of 0.9025 to 0.8925.
An alternative scenario is that the pair will continue to rise to levels between 0.9550 and 0.9810 with a breakout and consolidation above the level of 0.9355.
Analysis: On the daily chart, a bullish third wave of greater degree (3) is forming, with wave 1 of (3) forming inside. The H4 chart shows wave 2 of (3), or a downward correction, with wave c of 2 forming as its component. On the H1 chart, wave iii of (v) has finished, and a corrective wave iv of (v) is developing inside. This suggests that the fifth wave of smaller degree (v) of c is developing. If the assumption is accurate, the pair will keep falling until it reaches the range of 0.9025 and 0.8925. In this case, the level of 0.9355 is crucial. The pair will be able to continue gaining after its breakout to the levels of 0.9550 to 0.9810.
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| USDCHF : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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| USDCHF : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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| USDCHF : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
USDCAD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023
The main scenario is to think about taking long positions from corrections over 1.3311 with a goal of 1.3975 to 1.4205.
An alternative possibility is that the pair will continue to decline to levels between 1.2946 and 1.2729 if it breaks out and consolidates below the level of 1.3311.
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 a local correction reached the end of its development as wave (ii) of v and that wave (iii) of v has begun to take shape. The pair will increase to the levels of 1.3975 to 1.4205 if the assumption is right. In this case, the level of 1.3311 is crucial because a break of it would allow the pair to continue falling to levels between 1.2946 and 1.2729.
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| USDCAD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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| USDCAD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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| USDCAD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
WTI Crude Oil : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023
The main scenario is to think about taking short positions from corrections below the level of 84.15, with a target range of 63.00 to 54.50.
An alternative scenario is that the asset will continue to rise to levels between 94.70 and 104.00 if it breaks out and consolidates above the level of 84.15.
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 local correction that manifests as C wave IV. On the H1 chart, waves (a) and (b) of iv seem to have finished, and wave (c) of iv is nearing its conclusion. If the assumption is accurate, the asset's price will eventually decrease to between 63.00 and 54.50 once it is finished. In this scenario, the level of 84.15 is crucial since a breach there would allow for further price growth to levels between 94.70 and 104.00.
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| WTI Crude Oil : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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| WTI Crude Oil : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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| WTI Crude Oil : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
XAUUSD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023
The primary scenario is to think about taking long positions from corrections above the level of 1832.12, with a target range of 2000.00 to 2050.00.
The pair might also continue to fall to the levels of 1772.93 and 1723.86 if there is a breakthrough and consolidation below the level of 1832.12.
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. The initial counter-trend wave of smaller degree I of 1 of (5), a corrective wave ii of 1 of (5), and wave iii of 1 of (5) emerging within appear to be the beginning of the fifth wave (5) on the H4 chart. According to the H1 chart, wave I of iii of 1 has formed, while wave (ii) of iii of 1 is a local corrective. If the assumption is accurate, the pair will increase to values between 2000.00 and 2050.00. In this case, the level of 1832.12 is crucial because a break of it would allow the pair to continue falling to levels between 1772.93 and 1723.86.
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| XAUUSD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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| XAUUSD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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| XAUUSD : Elliott wave analysis and forecast for 20.01.2023 – 27.01.2023 |
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