EURUSD : Elliott wave analysis and forecast for 13.11.23–17.11.23
Taking long positions from corrections above 1.0654, with a target range of 1.0855 to 1.0950, is the main strategy.
Option 2: Should there be a breakthrough and consolidation below the level of 1.0654, the pair may continue to decline to the levels of 1.0447 and 1.0256.
Analysis: On the daily chart, a bearish wave of greater degree A is most likely finished. The first counter-trend wave 1 of (A) of B formed, marking the beginning of a bullish wave B. On the H4 chart, wave а of 2 of (A) has developed, and a local correction is developing as wave b of 2, suggesting that a downside correction is likely to occur as the second wave 2 of (A) of B. Waves (a) and (b) of b are likely produced within the H1 time frame, while wave (c) of b is still developing.
The pair will rise further to the levels of 1.0855 – 1.0950 if the assumption is accurate. In this case, the level of 1.0654 is crucial. The pair can continue dropping to the levels of 1.0447 – 1.0256 after it breaks out.
GBPUSD : Elliott wave analysis and forecast for 13.11.23–17.11.23
The primary course of action is to take long positions from corrections over 1.2185, with a target range of 1.2465 to 1.2590.
Option 2: The pair can continue falling to the levels of 1.2030 and 1.1758 if there is a breakout and consolidation below the level of 1.2185.
Analysis: On the daily chart, the first wave of larger degree (1) is most likely formed, and the second wave (2) represents the beginning of a negative correction. On the H4 time frame, wave ΐ of (2) forms, and wave B of (2) is the continuation of the bullish corrective. Wave (v) of wave c of B is supposedly emerging inside of wave c of B, which is apparently evolving on the H1 time frame. The pair will continue to rise to 1.2465 - 1.2590 if this assumption is true. In this case, the level of 1.2185 is crucial because a breakout there would allow the pair to continue dropping, reaching levels between 1.2030 and 1.1758.
USDCHF : Elliott wave analysis and forecast for 13.11.23–17.11.23
Principal scenario: take into account short positions from corrections below 0.9113, with a goal of 0.8807–0.8765.
As an alternative, the pair might rise to levels between 0.9242 and 0.9352 if it breaks out and consolidates above the 0.9113 mark.
Analysis: wave 1 of wave (5) created, a downside fifth wave of larger degree (5) is apparently unfolding on the daily time frame. As wave 2 of 5, a bullish corrective is presently taking place. On the H4 time frame, a wave of smaller degree, wave an of 2, is generated, and wave b of 2, a descending corrective, is developing. Similar to a local corrective wave (b) of b, wave (a) of b is supposedly created on the H1 time frame.
Right now, wave (c) of b is developing. Should the assumption prove accurate, the pair will keep falling, reaching levels between 0.8807 and 0.8706. In this case, the level of 0.9113 is crucial. The pair will be able to move higher and reach levels between 0.9242 and 0.9352 when it breaks out.
USDJPY : Elliott wave analysis and forecast for 13.11.23–17.11.23
The primary course of action is to take long positions from corrections over 149.15, with a target range of 153.00 to 156.00.
Option 2: The pair can continue falling to the levels of 147.14 – 144.36 if there is a breakout and consolidation below the level of 149.15.
Analysis: On the daily chart, a larger degree C ascending wave is still forming, and the fifth wave (5) of C is now unfolding as part of it. Wave 5 of (5) is emerging on the H4 chart, and wave v of 5 is developing as part of it. H1 time frame: it appears that a local correction is finished as the second wave (ii) of v, the third wave (iii) of v began to unfold, and the initial wave of smaller degree (i) of v of 5 is produced. Should the assumption prove accurate, the pair will keep rising, reaching values between 153.00 and 156.00. In this case, a breakout above 149.15 is crucial since it will allow the pair to continue falling and reach levels between 147.14 and 144.36.
USDCAD : Elliott wave analysis and forecast for 13.11.23–17.11.23
The primary course of action is to take short positions from corrections below 1.3895, with a target range of 1.3493 to 1.3395.
As an alternative, the pair might rise to levels between 1.4100 and 1.4300 if it breaks out and consolidates above 1.3895.
Analysis: On the daily time scale, a bullish initial wave of larger degree (1) is likely forming, of which wave 5 is a part. On the H4 chart, the lesser degree I first wave of 5 has developed, and the second wave, ii of 5, is forming a downside correction. It appears that wave an of ii originated, wave b of ii completed developing, and wave c of ii began forming on the H1 time frame. The pair will continue to decline to the levels of 1.3493 – 1.3395 if the assumption is accurate. In this case, the level of 1.3895 is crucial since a breakthrough will allow the pair to move higher and reach levels of 1.4100 and 1.4300.
WTI Crude Oil : Elliott wave analysis and forecast for 13.11.23–17.11.23
Main scenario: Take into account long positions from corrections over 75.20, with a target range of 95.65 to 91.05.
As an alternative, the asset may continue to decline to levels between 72.00 and 64.50 if there is a breakout and consolidation below the level of 75.20.
Analysis: On the daily chart, the first wave of larger degree (1) is likely created, the second wave (2) developed as a downward corrective, and the third wave (3) began to unfold. On the H4 chart, the first wave of smaller degree 1 of (3) is most likely developing. Wave iv of 1 is thought to be the culmination of the local correction, and wave iii of 1 is generated as its portion. It appears that the H1 time period is when the wave v of 1 began to emerge. The asset will continue to rise to 91.05 – 95.65 if this assumption is true. In this case, a breakout above 75.20 is crucial since it will allow the price to continue dropping towards the levels of 72.00 and 64.50.
XAUUSD : Elliott wave analysis and forecast for 13.11.23–17.11.23
Primary scenario: take into account short positions from corrections below 2008.75, with a 1910.48–1889.05. objective.
As an alternative, the pair might rise to levels between 2060.00 and 2110.00 if it breaks out and consolidates above the level of 2008.75.
Analysis: On the daily chart, a downward corrective seems to have formed as the fourth wave (4) of larger degree. Wave 1 of wave 5 has created and is part of the unfolding of wave 5. On the H4 chart, wave 2 of (5) appears to have completed a descending correction, and wave 3 of (5) began to form.
On the H1 chart, the first counter-trend wave of smaller degree i of 3 has developed. Wave (a) of ii is unfolding as part of the second wave ii of 3, which is a local correction. The pair will continue to decline to the levels of 1910.48 – 1889.05. If the assumption is accurate. In this case, the 2008.75 level is crucial since a breakout will allow the pair to continue rising to the levels of 2060.00 and 2110.00.
.png "Click Here for subscribe")
