EURUSD : Elliott wave Analysis and Forecast for 09.02.25-15.02.25
Key Takeaways :
- Main scenario : Examine long positions with a target of 1.0635 to 1.0940 from corrections above the level of 1.0210. When the price stays over 1.0210, it is a buy indication. Take Profit: 1.0635 to 1.0940; Stop Loss: below 1.0150.
- Alternative scenario : The pair can continue to drop to the levels of 0.9950 to 0.9800 if there is a breakout and consolidation below the 1.0210 mark. A sell signal indicates that the 1.0210 level has been breached downward. Above 1.0250 is the stop loss; between 0.9950 and 0.9800 is the take-profit.
Principal Situation :
Examine long positions with a target of 1.0635 to 1.0940 from corrections above the level of 1.0210.
Different Situations :
The pair can continue to drop to the levels of 0.9950 to 0.9800 if there is a breakdown and consolidate below 1.0210.
Examine long positions with a target of 1.0635 to 1.0940 from corrections above the level of 1.0210.
Different Situations :
The pair can continue to drop to the levels of 0.9950 to 0.9800 if there is a breakdown and consolidate below 1.0210.
Analysis :
The daily chart shows the formation of the ascending first wave of larger degree (1), and the second wave (2) seems to be the completion of the bearish correction. On the H4 chart, it appears that wave C of (2) has completed its development and that the third wave of larger degree (3) has begun to emerge. The first counter-trend wave of smaller degree (i) of i of 1 of (3) is probably created on the H1 time frame, the second wave (ii) of i of 1 of (3) shows that the local correction is complete, and the third wave (iii) of i of 1 of (3) has begun to develop. The EUR/USD pair will continue to increase to 1.0635 to 1.0940 if the assumption is accurate. In this case, the level of 1.0210 is crucial. The pair will be able to continue down to the levels of 0.9950 to 0.9800 after its breakthrough.
The daily chart shows the formation of the ascending first wave of larger degree (1), and the second wave (2) seems to be the completion of the bearish correction. On the H4 chart, it appears that wave C of (2) has completed its development and that the third wave of larger degree (3) has begun to emerge. The first counter-trend wave of smaller degree (i) of i of 1 of (3) is probably created on the H1 time frame, the second wave (ii) of i of 1 of (3) shows that the local correction is complete, and the third wave (iii) of i of 1 of (3) has begun to develop. The EUR/USD pair will continue to increase to 1.0635 to 1.0940 if the assumption is accurate. In this case, the level of 1.0210 is crucial. The pair will be able to continue down to the levels of 0.9950 to 0.9800 after its breakthrough.
- Main scenario : Take into account long positions with a goal of 1.2764 to 1.2923 from corrections above the level of 1.2105. When the price stays over 1.2105, it is a buy signal. Take Profit: 1.2764–1.2923, Stop Loss : below 1.2050.
- Alternative scenario : The pair can continue to drop to the levels of 1.1900 to 1.1521 if there is a breakout and consolidation below the 1.2105 level. A sell signal occurs when the 1.2105 level is broken downward. Take Profit: 1.1900–1.1521, Stop Loss: over 1.2150.
Principal Situation :
Take into account long positions with a goal of 1.2764 to 1.2923 from corrections above the level of 1.2105.
Different Situations :
The pair can continue to drop to the levels of 1.1900 to 1.1521 if there is a breakout and consolidation below the 1.2105 mark.
Take into account long positions with a goal of 1.2764 to 1.2923 from corrections above the level of 1.2105.
Different Situations :
The pair can continue to drop to the levels of 1.1900 to 1.1521 if there is a breakout and consolidation below the 1.2105 mark.
Analysis :
The daily chart most likely shows the formation of the ascending first wave of bigger degree 1 of (A), and the second wave 2 of (Ð) is the bearish correction. On the H4 time frame, wave an of 2 is finished, and wave b of 2 represents the bullish corrective. It appears that wave (b) of b has begun to unfold, while wave (a) of b has formed on the H1 time frame. If this assumption is accurate, after wave (b) of b has finished, the GBP/USD pair will continue to increase to 1.2764–1.2923. In this case, the level of 1.2105 is crucial since a breach there would allow the pair to continue falling to the 1.1900–1.11521 levels.
The daily chart most likely shows the formation of the ascending first wave of bigger degree 1 of (A), and the second wave 2 of (Ð) is the bearish correction. On the H4 time frame, wave an of 2 is finished, and wave b of 2 represents the bullish corrective. It appears that wave (b) of b has begun to unfold, while wave (a) of b has formed on the H1 time frame. If this assumption is accurate, after wave (b) of b has finished, the GBP/USD pair will continue to increase to 1.2764–1.2923. In this case, the level of 1.2105 is crucial since a breach there would allow the pair to continue falling to the 1.1900–1.11521 levels.
- Main scenario : Take into account short positions with a goal of 148.50 to 138.65 from corrections below the level of 155.85. A sell signal occurs when the 155.85 level is broken downward. Take Profit: 148.50 to 138.65; Stop Loss: above 156.85.
- Alternative scenario : The pair will be able to continue climbing to the levels of 161.96 – 165.50 if there is a breakout and consolidation above the 155.85 level. When the 155.85 level is broken upward, it is a buy signal. Take Profit: 161.96 to 165.50; Stop Loss: below 155.00.
Principal Situation :
Take into account short positions with a target of 148.50 to 138.65 from corrections below the level of 155.85.
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 155.85 level.
Take into account short positions with a target of 148.50 to 138.65 from corrections below the level of 155.85.
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 155.85 level.
Analysis :
The daily time frame indicates that the bearish correction is still evolving as the fourth wave, wave (ΐ) of 4, with the ascending wave of bigger degree 3 apparently generated 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. Wave (C) of 4 appears to be underway on the H1 chart, with the formation of the first wave of smaller degree i of 1 of (C), the completion of the local corrective as wave ii of 1 of (C), and the subsequent development of wave iii of 1 of (C). 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 155.85 is crucial since a breakout would allow the pair to rise to levels 161.96–165.50.
The daily time frame indicates that the bearish correction is still evolving as the fourth wave, wave (ΐ) of 4, with the ascending wave of bigger degree 3 apparently generated 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. Wave (C) of 4 appears to be underway on the H1 chart, with the formation of the first wave of smaller degree i of 1 of (C), the completion of the local corrective as wave ii of 1 of (C), and the subsequent development of wave iii of 1 of (C). 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 155.85 is crucial since a breakout would allow the pair to rise to levels 161.96–165.50.
- Main scenario : Take into account short positions with a goal of 0.8724 to 0.8386 from corrections below the level of 0.9201. A sell signal occurs when the 0.9201 level is broken downward. Take Profit: 0.8724–0.8386, Stop Loss: over 0.9250.
- 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. When the price stays over 0.9201, it is a buy signal. Take Profit: 0.9340 to 0.9530; Stop Loss: below 0.9150.
Principal Situation :
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.
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 the bearish fifth wave of bigger degree 5. On the daily chart, the second wave 2 of (5) indicates that the bullish correction is complete, and the third wave 3 of (5) has begun to form. On the H4 chart, wave iii of (i) is forming as a component of the first counter-trend wave of smaller degree (i) of i of 3. The USD/CHF pair will continue to decline to 0.8724 to 0.8386 if the assumption 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 the bearish fifth wave of bigger degree 5. On the daily chart, the second wave 2 of (5) indicates that the bullish correction is complete, and the third wave 3 of (5) has begun to form. On the H4 chart, wave iii of (i) is forming as a component of the first counter-trend wave of smaller degree (i) of i of 3. The USD/CHF pair will continue to decline to 0.8724 to 0.8386 if the assumption 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 1.4117 to 1.3950 from corrections below the level of 1.4805. A sell signal: the 1.4805 barrier has been broken downward. Take Profit: 1.4117–1.3950; Stop Loss: over 1.4850.
- Alternative scenario : The pair can continue to rise to the levels of 1.5200 to 1.5500 if there is a breakout and consolidation above the level of 1.4805. When the price stays over 1.4805, it is a buy signal. Take Profit: 1.5200–1.5500; Stop Loss: below 1.4750.
Principal Situation :
Take into account short positions with a target of 1.4117–1.3950 from corrections below the level of 1.4805.
Different Situations :
The pair can continue to rise to the levels of 1.5200 to 1.5500 if there is a breakout and consolidation over the level of 1.4805.
Take into account short positions with a target of 1.4117–1.3950 from corrections below the level of 1.4805.
Different Situations :
The pair can continue to rise to the levels of 1.5200 to 1.5500 if there is a breakout and consolidation over the level of 1.4805.
Analysis :
Wave (5) of 5 is forming as part of the ascending fifth wave of bigger degree 5, which is likely still building on the weekly chart. The daily chart shows the formation of the third wave of smaller degree 3 of (5), and the local correction has begun to take shape as the fourth wave, 4 of (5). The H4 chart appears to be showing wave an of 4. The USD/CAD pair will continue to fall to 1.4117 to 1.3950 if this forecast is accurate. In this case, the level of 1.4805 is crucial since a breakout would allow the pair to continue advancing to the 1.5200–1.5500 range.
Wave (5) of 5 is forming as part of the ascending fifth wave of bigger degree 5, which is likely still building on the weekly chart. The daily chart shows the formation of the third wave of smaller degree 3 of (5), and the local correction has begun to take shape as the fourth wave, 4 of (5). The H4 chart appears to be showing wave an of 4. The USD/CAD pair will continue to fall to 1.4117 to 1.3950 if this forecast is accurate. In this case, the level of 1.4805 is crucial since a breakout would allow the pair to continue advancing to the 1.5200–1.5500 range.
- Main scenario : Take into account long positions from corrections above 67.08 with an 85.00–94.97 goal. When the price stays above 67.08, it is a buy signal. Take Profit: 85.00 – 94.97, Stop Loss: below 66.50.
- Alternative scenario : The pair can continue to drop to the levels of 61.50 to 53.00 if there is a breakout and consolidation below the 67.08 level. A sell signal occurs when the 67.08 level is broken downward. Take Profit: 61.50 to 53.00, Stop Loss: over 67.50.
Principal Situation :
Think about taking long positions from corrections above 67.08 with an 85.00–94.97 goal.
Different Situations :
The asset can continue to decline to levels between 61.50 and 53.00 if there is a breakout and consolidation below the 67.08 mark.
Think about taking long positions from corrections above 67.08 with an 85.00–94.97 goal.
Different Situations :
The asset can continue to decline to levels between 61.50 and 53.00 if there is a breakout and consolidation below the 67.08 mark.
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 scale, wave b of B appears to have completed forming, however wave с of B is still ongoing. The first wave of smaller degree (i) of c is generated, and the local correction is almost finished as the second wave (ii) of c approaches, according to the H4 time frame. After the correction is finished, WTI will continue to increase to the levels of 85.00 to 94.97 if the assumption is accurate. In this case, the level of 67.08 is crucial since a breakout would allow the price to drop further, reaching levels of 61.50 to 53.00.
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 scale, wave b of B appears to have completed forming, however wave с of B is still ongoing. The first wave of smaller degree (i) of c is generated, and the local correction is almost finished as the second wave (ii) of c approaches, according to the H4 time frame. After the correction is finished, WTI will continue to increase to the levels of 85.00 to 94.97 if the assumption is accurate. In this case, the level of 67.08 is crucial since a breakout would allow the price to drop further, reaching levels of 61.50 to 53.00.
- Main scenario : Examine long positions with a target of 3000.00 to 3100.00 from corrections above the level of 2725.20. When the price stays above 2725.20, it is a buy signal. Take Profit: 3000.00 to 3100.00; Stop Loss: below 2700.00.
- Alternative scenario : The pair can continue to decline to the levels of 2537.18–2370.00 if there is a breakout and consolidation below the 2725.20 level. A sell signal occurs when the 2725.20 level is broken downward. Above 2750 is the stop loss; 2537.18 to 2370.00 is the take-profit.
Principal Situation :
With a target of 3000.00 to 3100.00, take into account long positions from corrections above the level of 2725.20.
Different Situations :
The pair can continue to drop to the levels of 2537.18–2370.00 if there is a breakout and consolidation below the 2725.20 level.
With a target of 3000.00 to 3100.00, take into account long positions from corrections above the level of 2725.20.
Different Situations :
The pair can continue to drop to the levels of 2537.18–2370.00 if there is a breakout and consolidation below the 2725.20 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. On the H4 time frame, wave (v) of iii is still unfolding. Wave iii of (v) has created within this time frame, and the local correction has begun to emerge as wave iv of (v). If the assumption is right, XAU/USD will keep rising until the correction is over, reaching levels between 3000.00 and 3100.00. In this case, the level of 2725.20 is crucial because a breach would allow the pair to continue dropping to the 2537.18–2370.00 range.
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. On the H4 time frame, wave (v) of iii is still unfolding. Wave iii of (v) has created within this time frame, and the local correction has begun to emerge as wave iv of (v). If the assumption is right, XAU/USD will keep rising until the correction is over, reaching levels between 3000.00 and 3100.00. In this case, the level of 2725.20 is crucial because a breach would allow the pair to continue dropping to the 2537.18–2370.00 range.
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