Main scenario: consider long positions from corrections above the level of 1969.61 with a target of 2220.00 – 2300.00. Alternative scenario: breakout and consolidation below the level of 1969.61 will allow the pair to continue declining to the levels of 1889.05 – 1834.18. Analysis: a descending correction appears to have formed as the fourth wave [
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WTI Crude Oil: Elliott wave analysis and forecast for 15.12.23 – 22.12.23
Main scenario: consider long positions from corrections above the level of 67.90 with a target of 81.80 – 85.15. Alternative scenario: breakout and consolidation below the level of 67.90 will allow the asset to continue declining to the levels of 55.00 – 45.00 Analysis: a downside correction presumably continues developing as second wave of larger
USDJPY: Elliott wave analysis and forecast for 15.12.23 – 22.12.23
Main scenario: consider short positions from corrections below the level of 151.75 with a target of 136.60 – 133.00. Alternative scenario: breakout and consolidation above the level of 151.75 will allow the pair to continue rising to the levels of 156.00 – 160.00. Analysis: an ascending wave of larger degree C continues forming on the […]
Gold received a present from the Fed. Forecast as of 15.12.2023
The Fed's monetary expansion in 2024 could change the game rules in the physical gold market. Capital outflows from ETFs could stop, and central banks will continue large-scale gold buying. Let's discuss it and make a trading plan. Weekly fundamental forecast for gold If gold survived in a Spartan environment with high rates, how far [&he
GBPUSD: Elliott wave analysis and forecast for 15.12.23 – 22.12.23
Main scenario: consider long positions from corrections above the level of 1.2495 with a target of 1.3000 – 1.3147. Alternative scenario: breakout and consolidation below the level of 1.2495 will allow the pair to continue declining to the levels of 1.2300 – 1.2030. Analysis: the first wave of larger degree (1) is presumably formed on […]
EURUSD: Elliott wave analysis and forecast for 15.12.23 – 22.12.23
Main scenario: consider long positions from corrections above the level of 1.0716 with a target of 1.1152 – 1.1274. Alternative scenario: breakout and consolidation below the level of 1.0716 will allow the pair to continue declining to the levels of 1.0515 – 1.0255. Analysis: a bearish wave of larger degree A is presumably completed on […]
USDCHF: Elliott wave analysis and forecast for 15.12.23 – 22.12.23
Main scenario: consider short positions from corrections below the level of 0.8820 with a target of 0.8500 – 0.8400. Alternative scenario: breakout and consolidation above the level of 0.8820 will allow the pair to continue rising to the levels of 0.8935 – 0.9010. Analysis: the downside fifth wave of larger degree (5) is presumably unfolding [&hell
USDCAD: Elliott wave analysis and forecast for 15.12.23 – 22.12.23
Main scenario: consider long positions above the level of 1.3286 with a target of 1.3906 – 1.4100 once a correction is formed. Alternative scenario: breakout and consolidation below the level of 1.3286 will allow the pair to continue declining to the levels of 1.3085 – 1.2942. Analysis: the bullish first wave of larger degree (1) […]
Will USD remain stable? Forecast as of 15.12.2023
The reluctance of the European Central Bank to follow the Fed resulted in the continuation of the EURUSD rally. The pair has already reached the psychologically important level of 1.1 and is not going to stop. Let's discuss this topic and make up a trading plan. Weekly US dollar fundamental forecast It wasn't just the markets […]
Short-term forecast for BTCUSD, XRPUSD and ETHUSD 15.12.2023
I welcome my readers! I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency. Elliott wave Bitcoin analysis The linking wave [X] has been completed as a triple zigzag. After this, the market began to move downward, building a [&hell