EURUSD : Elliott wave Analysis and Forecast for 19.01.25-25.01.25
Key Takeaways :
- Key scenario : Take into account short positions with a target of 0.9950 to 0.9526 from corrections below the level of 1.0425. When the price stays below 1.0425, it is a sell signal. Take Profit: between 0.9950 and 0.9526; Stop Loss: above 1.0475.
- Alternative scenario : The pair can continue to rise to the levels of 1.0940 – 1.1224 if there is a breakout and consolidation above the level of 1.0425. An indication to buy: the 1.0425 level has been broken upward. Take Profit: 1.0940–1.1224; Stop Loss: below 1.0370.
Principal Situation :
Consider short positions from corrections below the level of 1.0425 with a target of 0.9950 – 0.9526.
Different Situations :
Breakout and consolidation above the level of 1.0425 will help the pair to continue advancing to the levels of 1.0940 – 1.1224.
Consider short positions from corrections below the level of 1.0425 with a target of 0.9950 – 0.9526.
Different Situations :
Breakout and consolidation above the level of 1.0425 will help the pair to continue advancing to the levels of 1.0940 – 1.1224.
Analysis :
On the daily chart, the rising first wave of larger degree (1) forms, and the second wave (2) is the bearish correction that keeps growing. The fifth wave of smaller degree v of C is still growing within the H4 time frame, which appears to be where wave C of (2) is developing. On the H1 chart, wave (iii) of v of C is growing. The EUR/USD pair will continue to decline to 0.9950 to 0.9526 if the assumption is accurate. In this case, the level of 1.0425 is crucial. The pair will be able to continue rising to the levels of 1.0940 to 1.1224 after its breakout.
On the daily chart, the rising first wave of larger degree (1) forms, and the second wave (2) is the bearish correction that keeps growing. The fifth wave of smaller degree v of C is still growing within the H4 time frame, which appears to be where wave C of (2) is developing. On the H1 chart, wave (iii) of v of C is growing. The EUR/USD pair will continue to decline to 0.9950 to 0.9526 if the assumption is accurate. In this case, the level of 1.0425 is crucial. The pair will be able to continue rising to the levels of 1.0940 to 1.1224 after its breakout.
- Main scenario : Take into account short positions from corrections below the level of 1.2571 with a target of 1.1900 – 1.1521. A sell signal occurs when the price stays below 1.2571. Stop Loss: above 1.2630, Take Profit: 1.1900 – 1.1521.
- An alternative scenario : occurs when the pair breaks out and consolidates above the level of 1.2571, allowing it to continue rising to levels of 1.3054 – 1.3440. A buy signal occurs when the level of 1.2571 is broken to the upside. Stop Loss: below 1.2510, Take Profit: 1.3054 – 1.3440.
Principal Situation :
With a target of 1.1900 to 1.1521, take into account short positions from corrections below the level of 1.2571.
Different Situations :
The pair will be able to continue advancing to the levels of 1.3054 – 1.3440 if there is a breakout and consolidation above 1.2571.
With a target of 1.1900 to 1.1521, take into account short positions from corrections below the level of 1.2571.
Different Situations :
The pair will be able to continue advancing to the levels of 1.3054 – 1.3440 if there is a breakout and consolidation above 1.2571.
Analysis :
The first wave 1 of (A) is formed within the weekly time frame, which is probably where the ascending wave of larger degree (A) is developing. With wave an of 2 unfolding as its component, a descending correction is forming on the daily chart as the second wave 2 of (A). Apparently, the fifth wave of smaller degree (v) of an is developing on the H4 time frame. If this assumption is correct, the GBP/USD pair will continue to fall to 1.1900 – 1.1521. The level of 1.2571 is critical in this scenario as a breakout will enable the pair to continue rising to the levels of 1.3054 – 1.3440.
The first wave 1 of (A) is formed within the weekly time frame, which is probably where the ascending wave of larger degree (A) is developing. With wave an of 2 unfolding as its component, a descending correction is forming on the daily chart as the second wave 2 of (A). Apparently, the fifth wave of smaller degree (v) of an is developing on the H4 time frame. If this assumption is correct, the GBP/USD pair will continue to fall to 1.1900 – 1.1521. The level of 1.2571 is critical in this scenario as a breakout will enable the pair to continue rising to the levels of 1.3054 – 1.3440.
- Main scenario : Take into account short positions with a goal of 0.8724 to 0.8386 from corrections below the level of 0.9201. When the price stays below 0.9201, it is a sell signal. Take Profit: 0.8724–0.8386, Stop Loss: above 0.9245.
- Alternative scenario : The pair can continue to rise to the levels of 0.9340 to 0.9530 if there is a breakout and consolidation above the level of 0.9201. An indication to buy: the 0.9201 level has been broken upward. Take Profit: 0.9340 to 0.9530; Stop Loss: below 0.9150.
With a target of 0.8724 to 0.8386, take into account short positions from corrections below the level of 0.9201.
Different Situations :
The pair can continue to rise to the levels of 0.9340 to 0.9530 if there is a breakout and consolidation above the level of 0.9201.
Analysis :
On the weekly chart, wave (5) of 5 is forming as part of a bearish fifth wave of bigger degree 5. With wave c of 2 forming as its component, the second wave 2 of (5) on the daily chart is likely the completion of a correction. The H4 time frame appears to be when the third wave 3 of (5) began to form. The USD/CHF pair will continue to decline to 0.8724 to 0.8386 if this forecast is accurate. In this case, the level of 0.9201 is crucial. The pair will be able to continue rising to the levels of 0.9340 to 0.9530 after its breakout.
On the weekly chart, wave (5) of 5 is forming as part of a bearish fifth wave of bigger degree 5. With wave c of 2 forming as its component, the second wave 2 of (5) on the daily chart is likely the completion of a correction. The H4 time frame appears to be when the third wave 3 of (5) began to form. The USD/CHF pair will continue to decline to 0.8724 to 0.8386 if this forecast is accurate. In this case, the level of 0.9201 is crucial. The pair will be able to continue rising to the levels of 0.9340 to 0.9530 after its breakout.
- Main scenario : Take into account short positions with a goal of 148.50 to 138.65 from corrections below the level of 159.00. When the price stays below 159.00, it is a sell signal. Take Profit: between 148.50 and 138.65; Stop Loss: above 159.80.
- Alternative scenario : The pair can continue to rise to the levels of 161.96 to 165.50 if there is a breakout and consolidation above the level of 159.00. A purchase signal occurs when the 159.00 level is broken upward. Take Profit: 161.96 to 165.50, Stop Loss: below 158.00.
Think about taking short positions with a goal of 148.50 to 138.65 below the level of 159.00.
Different Situations :
The pair can continue to rise to the levels of 161.96 to 165.50 if there is a breakout and consolidation above the 159.00 mark.
Analysis :
The ascending wave of bigger degree 3 is apparently created, as the daily time frame indicates, and a bearish correction is continuing to develop as the fourth wave, wave 4, with wave (ΐ) of 4 completed as its portion. With wave á of (Ò) produced as its component, the corrective wave (B) of 4 is apparently complete on the H4 chart. It appears that the initial wave of smaller degree i of 1 of (C) is forming within the wave (C) of 4 that has begun to grow on the H1 time frame. The USD/JPY exchange rate will continue to decline to the range of 148.50 to 138.65 if the assumption is accurate. In this case, the level of 159.00 is crucial since a breakout would allow the pair to rise to levels 161.96–165.50.
- Main scenario : The pair will be able to continue climbing to the levels of 1.4800 to 1.5200 if there is a breakout and consolidation above the level of 1.4295. An indication to buy: the 1.4295 level has been broken upward. Take Profit: 1.4800 to 1.5200; Stop Loss: below 1.4200.
- Alternative scenario : Take into account short positions below the 1.4295 level with a goal of 1.3970 to 1.3800 once the correction is complete. When the price stays below 1.4295, it is a sell signal. Take Profit: 1.3970 to 1.3800; Stop Loss: over 1.4350.
Take into account long positions with a goal of 1.4800 to 1.5200 from corrections over the level of 1.4295.
Different Situations :
The pair will be able to continue falling to the levels of 1.3970 to 1.3800 if there is a breakout and consolidation below the level of 1.4295.
Analysis :
Wave (5) of 5 is forming as part of an ascending fifth wave of bigger degree 5, which is likely still building on the weekly chart. On the daily chart, wave iii of 3 is still forming as a component of the third wave of smaller degree 3 of (5). Wave (v) of iii began to form on the H4 time frame, and it appears that a local correction was completed as wave (iv) of iii. The USD/CAD pair will continue to advance to values between 1.4800 and 1.5200 if the assumption is accurate. In this case, the level of 1.4295 is crucial since a breakout would allow the pair to continue falling to the levels of 1.3970 and 1.3800.
Key Takeaways :
- The main scenario is to think about long positions from corrections over 72.72 with a goal between 85.00 and 94.97. When the price stays above 72.72, it is a buy signal. Take Profit: 85.00 – 94.97, Stop Loss: below 72.00.
- Alternative scenario: The pair can continue to drop to the levels of 66.15 to 61.50 if there is a breakout and consolidation below the level of 72.72. A sell signal occurs when the 72.72 level is broken downward. Take Profit: 66.15 to 61.50, Stop Loss: over 73.50.
Think about taking long positions from corrections above 72.72 with an 85.00–94.97 goal.
Different Situations :
The asset can continue to fall to levels between 66.15 and 61.50 if there is a breakout and consolidation below 72.72.
Analysis :
Wave B of (2) is developing as a component of the descending corrective, which seems to be continuing to build as the second wave of larger degree (2) on the weekly chart. On the daily time frame, wave b of B seems to have formed, and wave с of B has begun to take shape. On the H4 time frame, the first wave of c with a smaller degree (i) starts developing. If this is accurate, WTI will keep rising, reaching 85.00 to 94.97. In this case, the 72.72 level is crucial since a breakout would allow the price to drop further to the 66.15–61.50 levels.
Wave B of (2) is developing as a component of the descending corrective, which seems to be continuing to build as the second wave of larger degree (2) on the weekly chart. On the daily time frame, wave b of B seems to have formed, and wave с of B has begun to take shape. On the H4 time frame, the first wave of c with a smaller degree (i) starts developing. If this is accurate, WTI will keep rising, reaching 85.00 to 94.97. In this case, the 72.72 level is crucial since a breakout would allow the price to drop further to the 66.15–61.50 levels.
- Main scenario: Take into account long positions with a target of 2880.00 to 2976.66 from corrections above the level of 2576.36. When the price stays above 2576.36, it is a buy signal. Take Profit: 2880.00 – 2976.66; Stop Loss: below 2570.00.
- Alternative scenario: The pair can continue to drop to the levels of 2464.30 – 2282.23 if there is a breakout and consolidation below the 2576.36 level. A sell signal occurs when the 2576.36 level is broken downward. Above 2585 is the stop loss; 2464.30 to 2282.23 is the take-profit.
Take into account long positions with a goal of 2880.00 to 2976.66 from corrections above the level of 2576.36.
Different Situations :
The pair can continue to drop to the levels of 2464.30 to 2282.23 if there is a breakout and consolidation below the 2576.36 level.
Analysis :
Wave (5) of 5 is forming as part of the ascending fifth wave of bigger degree 5, which is apparently developing on the weekly chart. On the daily chart, wave iii of 3 is developing inside the third wave of smaller degree 3 of (5), which seems to be still forming. The H4 time frame shows the development of wave (v) of iii. The XAU/USD pair will continue to increase to 2880.00 to 2976.66 if this forecast is accurate. In this case, the 2576.36 level is crucial since a breakout would allow the pair to continue falling to the 2464.30–2282.23 levels.
Wave (5) of 5 is forming as part of the ascending fifth wave of bigger degree 5, which is apparently developing on the weekly chart. On the daily chart, wave iii of 3 is developing inside the third wave of smaller degree 3 of (5), which seems to be still forming. The H4 time frame shows the development of wave (v) of iii. The XAU/USD pair will continue to increase to 2880.00 to 2976.66 if this forecast is accurate. In this case, the 2576.36 level is crucial since a breakout would allow the pair to continue falling to the 2464.30–2282.23 levels.
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