AUDUSD could be a W-X-Y structure or a weekly uptrend. Another drop would be a buying opportunity.
USDCAD can be W-X-Y structure of weekly correction pattern. A rise can come from the monthly demand zone and a decline from the monthly supply zone, so look for opportunities.
The S&P 500 has two cases. In the first case, after reaching the weekly supply zone, a weekly bearish pattern emerges and descends to the monthly demand zone. The upside here will be strong as the rebound creates a monthly bullish pattern. The second pattern is that after reaching the weekly supply zone, the rise continues even if there is a retracement. Weekly...
GBPUSD is a structure in which a 4-hour bullish pattern may emerge. If the rising wave lasts for 4 hours, it can rise to the vicinity of the weekly supply zone. If the rise continues again in the weekly supply zone, it is likely that the high point will also be renewed. If the 4-hour bullish pattern fails, this analysis is invalid.
Gold needs to reach the weekly demand zone to sustain its rise. Currently, DXY has reached the weekly supply zone and EURUSD has reached the weekly demand zone, so we expect that Gold will also undergo a weekly correction process.
If USDJPY stops rising continuously after reaching the daily supply zone, the daily downtrend may come out again. If so, it will need to find bottom again in the monthly demand zone. There will probably be a rebound around 124-126. The rebound is so strong that it can rise to near the weekly supply zone. However, after reaching the daily supply zone, if USDJPY...
AUDUSD seems to have changed its pattern. After showing volatility once more, it seems to come back to the weekly demand zone. Take a good look at the 4-hour uptrend.
This is the GBPUSD uptrend scenario. Currently, it has rebounded from the weekly demand zone, so it can reach the weekly supply zone. If so, there will be two cases. The first could be a complex W-X-Y correction. This is the case where weekly correction occurs twice. The second is when the weekly correction trend line of an upward wave breaking through the...
USDCAD seems to be a monthly correction process. Currently, it is a pattern where the weekly correction ends and the upward wave continues again. Therefore, it can reach close to the monthly supply zone. When the rise stops in the monthly supply zone, there will be a pullback back to the monthly demand zone. When this process is over, the monthly correction...
EURUSD broke the last line of the daily uptrend. Therefore, a weekly correction process will come out in any way. It can be a simple A-B-C structure or a complex W-X-Y structure. Find buy opportunities in the weekly demand zone. good luck.
This scenario is a case where monthly corrections occur in combination. Therefore, it will decline until it reaches the monthly demand zone, and it is a pattern that rebounds from the monthly demand zone to complete the rest of the correction wave. If so, we expect 1Q next year to rise. If you believe this pattern, look for buying opportunities when the bottom...
Since the correction was not completed and the S&P 500 declined, we expect a surprise upward wave to complete the last correction wave. When the monthly supply zone is reached, a downward wave is expected to emerge. If this downward wave is not deep, a large upward wave is expected in the first half of next year.
GBPUSD fell short of the daily supply zone. However, since it reached the weekly demand zone, if it rebounds, it may reach the daily supply zone again. If it gains support in the daily supply zone and rises again, it is a weekly uptrend and will continue to close up until the end of the year. When pushed out of the daily supply zone, the pattern becomes daily...
EURUSD was pushed out of the daily supply zone, but a pattern was created to draw the 4-hour uptrend line again. If the 4-hour uptrend continues, we will test the daily supply zone again. If the market breaks through the daily supply zone again, the pattern of new highs will continue. The uptrend could continue as there is a weekly demand zone below.
Gold may not even know if the correction is over and the second rise has begun. In this case, a very large rise is expected. In other words, very large time waves can be created beyond the peak. It would be better to buy next year's gold when the opportunity is given rather than sell.
USDCAD has changed its pattern. Since it has not been pushed out of the weekly supply zone, we expect it to reach around the monthly supply zone. If it is pushed down from the monthly supply zone, it will reach the monthly demand zone because it is a monthly correction process.
AUDUSD is also in the daily supply zone position. If further upside is limited, it could become a daily bearish pattern. Although it rebounded in the weekly demand zone, it can be tested towards the bottom again, so you need to be careful when buying.
DXY is in the process of a 4-hour bearish wave, but if this line breaks, it could become a daily bullish pattern. Since the daily downtrend line is near, the market will try to break it.