Main scenario: consider long positions from corrections above the level of 72.35 with a target of 91.05 – 95.65. Alternative scenario: breakout and consolidation below the level of 72.35 will allow the asset to continue declining to the levels of 64.20 – 58.00. Analysis: the first wave of larger degree (1) is presumably formed, a […]
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Kiwi gave us a surprise. Forecast as of 01.12.2023
Growing risk appetite, record high immigration, and potential divergence in the Reserve Bank of NZ' and the Fed's policies are a foundation for the NZDUSD's uptrend. Let’s discuss it and make a trading plan. Six-month fundamental forecast for the NZ dollar New lords, new laws. The new New Zealand government announced it would start t
USDJPY: Elliott wave analysis and forecast for 01.12.23 – 08.12.23
Main scenario: consider short positions from corrections below the level of 151.84 with a target of 139.60 – 136.60. Alternative scenario: breakout and consolidation above the level of 151.84 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 […]
GBPUSD: Elliott wave analysis and forecast for 01.12.23 – 08.12.23
Main scenario: consider short positions from corrections below the level of 1.2730 with a target of 1.2300 – 1.2030. Alternative scenario: breakout and consolidation above the level of 1.2730 will allow the pair to continue rising to the levels of 1.2876 – 1.3000. Analysis: the first wave of larger degree (1) is presumably formed on […]
EURUSD: Elliott wave analysis and forecast for 01.12.23 – 08.12.23
Main scenario: consider short positions from corrections below the level of 1.1018 with a target of 1.0655 – 1.0515. Alternative scenario: breakout and consolidation above the level of 1.1018 will allow the pair to continue rising to the levels of 1.1152 – 1.1260. Analysis: a bearish wave of larger degree A is presumably completed on […]
USDCHF: Elliott wave analysis and forecast for 01.12.23 – 08.12.23
Main scenario: consider long positions above the level of 0.8546 with a target of 0.9109 – 0.9246 once a correction is formed. Alternative scenario: breakout and consolidation below the level of 0.8546 will allow the pair to continue declining to the levels of 0.8392 – 0.8238. Analysis: the downside fifth wave of larger degree (5) […]
USDCAD: Elliott wave analysis and forecast for 01.12.23 – 08.12.23
Main scenario: consider long positions above the level of 1.3400 with a target of 1.4100 – 1.4300 once corrections are formed. Alternative scenario: breakout and consolidation below the level of 1.3400 will allow the pair to continue declining to the levels of 1.3282 – 1.3092. Analysis: the bullish first wave of larger degree (1) is […]
Short-term analysis for oil, gold, and EURUSD for 01.12.2023
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The EURUSD reached support (В) 1.0891 – 1.0878 yesterday. Oil price forecast for today: USCrude analys
Euro keeps cool head. Forecast as of 01.12.2023
The ECB will be at the forefront of the monetary easing cycle in 2024, but is this a reason to sell the euro? The market thought so at the end of November, but in reality, the situation is complicated. Let's discuss this topic and make up a trading plan for EURUSD. Weekly Euro fundamental forecast The American […]
Short-term forecast for BTCUSD, XRPUSD and ETHUSD 01.12.2023
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 Large impulse wave C continues unfolding inside the actionary wave (Z) consisting of sub-waves [1]-[2]-[3]-[4]-[5]. There is