On the daily chart, the upward wave of the higher level (А) of B formed, and a downward correction develops as the wave (B) of B. Now, the wave C of (B) is developing, within which a local correction has ended as the fourth wave of the lower level iv of C, and the fifth wave v of C is developing.
If the assumption is correct, the NZDUSD pair will fall to the area of 0.591 – 0.58. In this scenario, critical stop loss level is 0.6165.
On the daily chart, the third wave of the higher level (3) formed, a downward correction ended as the fourth wave (4) and the fifth wave (5) started. Now, the first entry wave of the lower level 1 of (5) is developing, within which the wave iii of 1 has formed, and a local correction has ended as the wave iv of 1.
On the daily chart, the third wave of the higher level 3 develops, within which the third wave of the lower level iii of 3 formed and a downward correction ended as the fourth wave iv of 3. Now, the fifth wave v of 3 is developing, within which the third wave of the lower level (iii) of v has ended, and a local correction is developing as the wave (iv) of v.
If the assumption is correct, after the end of the correction, the USDJPY pair will grow to the area of 147.5 – 150. In this scenario, critical stop loss level is 138.32.
On the daily chart, a downward correction develops as the fourth wave of the higher level (4), within which the wave C of (4) forms as a momentum. Now, the third wave of the lower level iii of C of (4) is developing, within which the wave (v) of iii of C is forming.
On the daily chart, the downward wave of the higher level C of (B) ended, within which the fifth wave v of (C) formed. Now, the upward wave (C) has started, within which the entry first wave of the lower level (i) of i of 1 of (C) is developing.
On the daily chart, the fifth wave of the higher level V develops, within which the wave (1) of V forms. Now, the fifth wave of the lower level 5 of (1) is developing, within which the wave iii of 5 has formed, the correctional wave iv of 5 has ended and the wave v of 5 is developing.
On the daily chart, the third wave of the higher level 3 formed, a downward correction formed as the fourth wave 4 and the fifth wave 5 started. Now, the first entry wave of the lower level (1) of 5 has formed, and a local correction is developing as the wave (2) of 5, within which the wave C of (2) is developing.
On the daily chart, the third wave of the higher level 3 develops, within which the third wave of the lower level iii of 3 formed, and a downward correction ended as the fourth wave iv of 3. Now, the fifth wave v of 3 is developing, within which the third wave of the lower level (iii) of v has ended, and a local correction is developing as the wave (iv) of v.
If the assumption is correct, after the end of the correction, the USDJPY pair will grow within the wave (v) of v to the area of 147 – 150. In this scenario, critical stop loss level is 140.
On the daily chart, a downward correction of the higher level develops as the second wave (2), within which the wave C of (2) forms. Now, the fifth wave of the lower level v of C of (2) is developing, within which the wave (iii) of v has formed, a local correction has ended as the wave (iv) of v, and the wave (v) of v has started.
On the daily chart, the first wave of the higher level (1) of C ended, and a downward correction develops as the wave (2) of C, within which the wave C of (2) forms. Now, the third wave of the lower level iii of C has formed, a correction has ended as the fourth wave iv of C, and the fifth wave v of C is developing, within which the wave (v) of v is forming.
If the assumption is correct, the AUDUSD pair will fall to the area of 0.66 – 0.645. In this scenario, critical stop loss level is 0.6917.
On the daily chart, the upward wave of the higher level (А) of B formed, and a downward correction develops as the wave (B) of B. Now, the wave C of (B) is developing, within which a local correction has ended as the fourth wave of the lower level iv of C, and the fifth wave v of C is forming.
Currently, the quotes are testing the reversal level of 0.4394 ([2/8]), below which they have repeatedly tried to consolidate last month. If successful, the decline will continue to 0.4150 ([1/8]) and 0.3906 ([0/8]). The key for the “bulls” is the central level of the Murray trading range 0.4882 ([4/8]), the breakout of which will give the prospect of resuming growth to the levels 0.5371 ([6/8]) and 0.5615 ([7/8]).
It should be noted that the uncertainty of the market is explained by the expectation of the outcome of the US Fed meeting. A serious increase in the interest rate by the US regulator may lead to a new drop in prices, and otherwise the positions of ADA and the entire cryptocurrency market will strengthen.
Resistance levels: 0.4882, 0.5371, 0.5615 | Support levels: 0.4394, 0.4150, 0.3906
On the daily chart, the upward fifth wave of the higher level 5 develops, within which the wave (1) of 5 formed, the correctional wave (2) of 5 ended and the wave (3) of 5 develops. Now, the third wave of the lower level 3 of (3) is forming, within which the wave iii of 3 has formed.
On the daily chart, the fifth wave of the higher level (5) develops, within which the wave 3 of (5) formed and a downward correction ended as the fourth wave 4 of (5). Now, the fifth wave 5 of (5) has started, within which the first entry wave of the lower level (i) of i of 5 has formed, a local correction has ended as the second wave (ii) of i of 5 and the wave (iii) of i of 5 is forming.
On the daily chart, the upward wave C forms, within which the first wave 1 of (1) of C, and a downward correction develops as the second wave 2 of (1) of C, within which the wave c of 2 forms. Now, the third wave of the lower level (iii) of c is developing, within which the wave iii of (iii) is forming.
On the daily chart, a downward correction forms as the fourth wave of the higher level (4), within which the wave C of (4) develops as a momentum. Now, the third wave of the lower level iii of C of (4) is forming, within which the wave (v) of iii of C is developing.
On the daily chart, the first wave of the higher level (1) ended, and a downward correction develops as the second wave (2), within which the wave C of (2) develops. Now, the third wave of the lower level iii of C is forming, within which the wave (iii) of iii is developing.
If the assumption is correct, the price of the asset will fall to the area of 67 – 51.5. In this scenario, critical stop loss level is 89.95.
On the daily chart, a downward correction of the higher level develops as the second wave (2), within which the wave C of (2) develops. Now, the fifth wave of the lower level v of C of (2) is developing, within which the wave (iii) of v has formed, a local correction has ended as the wave (iv) of v and the wave (v) of v is forming.
On the daily chart, the wave А of the higher level formed, and a downward correction develops as the wave B, within which the wave (А) of B formed. Now, an upward correction of the lower level is developing as the wave (B) of B, within which the wave А of (B) is forming.
On the daily chart, the downward wave of the higher level А develops, within which the fifth wave (5) of А forms. Now, the fifth wave of the lower level 5 of (5) is developing, within which the third wave iii of 5 of (5) is forming.
If the assumption is correct, the EURUSD pair will fall to the area of 0.9470 – 0.9300. In this scenario, critical stop loss level is 0.9904.
