EURUSD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23
Main possibility: From corrections above the level of 1.0480, take into account long positions with a target of 1.1020 to 1.1300.
An alternative possibility is that the pair will continue to decline to levels between 1.0240 and 1.0114 with a breakout and consolidation below the level of 1.0480.
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: it appears that wave iii of wave 1 has formed, wave iv of wave 1 has finished as a local correction, and wave v of wave 1 is now developing. If the assumption is accurate, the pair will increase to levels between 1.1020 and 1.1300. In this case, the level of 1.0480 is crucial. If it breaks out, the pair will be free to keep sliding until it reaches levels between 1.0240 and 1.0114.
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| EURUSD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
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| EURUSD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
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| EURUSD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
GBPUSD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23
The primary scenario is to take into account long positions from corrections above the level of 1.1842 with a target range of 1.2442 to 1.2674.
An alternative possibility is that the pair will continue to fall to levels between 1.1677 and 1.1500 with a breakthrough and consolidation below the level of 1.1842.
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) began to form, with wave I of 5 forming as a part of it. The pair will increase to the levels of 1.2442 - 1.2674 if the assumption is right. In this case, the level of 1.1842 is crucial because a break of it would allow the pair to continue falling to levels between 1.1677 and 1.1500.
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| GBPUSD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
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| GBPUSD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
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| GBPUSD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
USDCHF : Elliott wave analysis and forecast for 13.01.23 – 20.01.23
The primary scenario is to take into account long positions from corrections above the level of 0.9161 with a goal of 0.9550 to 0.9810.
An alternative possibility is that the pair will continue to decline to levels between 0.9087 and 0.8925 after breaking out and consolidating below the level of 0.9161.
Analysis: On the daily chart, a bullish third wave of greater degree (3) is forming, with wave 1 of (3) forming inside. On the H4 chart, a downward correction appears to have ended as wave 2 of (3), with wave c of 2 forming as a part of it. On the H1 chart, it appears that the third wave 3 of (3) began to form, with the first counter-trend wave of lesser degree I of I of 3 continuing to form as a component of it. If the assumption is accurate, the pair will increase until it reaches values between 0.9550 and 0.9810. In this case, the level of 0.9161 is crucial. If it breaks out, the pair will be free to keep sliding until it reaches levels between 0.9087 and 0.8925.
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| USDCHF : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
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| USDCHF : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
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| USDCHF : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
USDJPY : Elliott wave analysis and forecast for 13.01.23 – 20.01.23
the 125.35–121.52 range as a target for short positions from corrections below the level of 132.88.
An alternative scenario is that the pair will continue to rise to levels between 138.24 and 140.57 after breaking out and consolidating above the level of 132.88.
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 (iii) of smaller degree iii of C is forming inside the third wave of smaller degree iii of C. If this presumption is true, the pair will keep falling until it reaches 125.35 - 121.52. In this case, the level of 132.88 is crucial since a breakout there would allow the pair to advance further, to levels between 138.24 and 140.57.
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| USDJPY : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
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| USDJPY : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
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| USDJPY : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
USDCAD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23
Main scenario: If a correction forms, think about taking long positions above the level of 1.3230 with a goal of 1.3975 to 1.4205.
An alternative scenario is that the pair will continue to decline to levels between 1.2946 and 1.2729 if breakout and consolidation below the level of 1.3230 occur.
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, wave iii of wave 3 and correction iv of wave 3 have both been completed, forming the third wave 3 of (3). The third wave's fifth v wave is currently forming. On the H1 chart, a local correction appears to be forming the first wave of lesser degree I of v, and wave (ii) of v is probably nearing completion. If the assumption is accurate, the pair will increase further after the correction, reaching values between 1.3975 and 1.4205. In this case, the level of 1.3230 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 13.01.23 – 20.01.23 |
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| USDCAD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
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| USDCAD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
WTI Crude Oil : Elliott wave analysis and forecast for 13.01.23 – 20.01.23
Main scenario: If a correction occurs below the level of 94.22, consider taking short positions with a target range of 63.00–54.50.
An alternative possibility is that the asset will continue to rise to levels between 104.00 and 124.09 if it breaks out and consolidates above the level of 94.22.
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 now developing. 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 94.22 is crucial since a breakout there would allow the price to continue rising to levels between 104.00 and 124.09.
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| WTI Crude Oil : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
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| WTI Crude Oil : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
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| WTI Crude Oil : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
XAUUSD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23
the 1950.00–2000.00 range as a target for long positions from corrections above the level of 1784.20.
An alternative scenario is that the pair will continue to decline to the levels of 1723.86 - 1614.73 after breaking out and consolidating below the level of 1784.20.
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 first counter-trend wave of smaller degree I of 1 of (5), a local correction that was completed as wave ii of 1 of (5), and wave iii of 1 of (5) growing inside appear to be the beginnings of the fifth wave (5) as seen on the H4 chart. On the H1 chart, wave I of iii of 1 is purportedly forming. The pair will resume climbing to the levels of 1950.00 - 2000.00 if the assumption is right. In this case, the level of 1784.20 is crucial because a break of it would allow the pair to continue falling to levels between 1723.86 and 1614.73.
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| XAUUSD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
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| XAUUSD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
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| XAUUSD : Elliott wave analysis and forecast for 13.01.23 – 20.01.23 |
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