Picture of the author

This forecast is based on the Elliott Wave Principle which states that investor psychology is the motor behind the stock markets. In this analysis however, the analyst not only observes the previous price patterns, but also takes into account the correlation between different pairs before releasing forecasts.

Elliott waves analysis

29 August - 02
September
weekly
forecast
29 August - 02
September

Gold Weekly review:  Wave Analysis: During the previous trading week, gold bounced off from the immediate lower trendline but could not head to the upper side as previously forecasted. As it is right now, I am waiting for a clear rebound from this trendline to pick a possible long term buy

2022 EURUSD GBPUSD USDJPY
02
September

Wave Analysis Yesterday, Euro rallied to the lowerside but failed to break below the lower trendline. As long as the price does not clear break and close below the lower trendline, we are waiting for a rebound from this level to pick a possible long term buy position towards the upper trendline. O

Wave Analysis During the previous trading week, the British pound rallied to the lowerside and is still pretty much bearish both on the daily and on the weekly. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lower side and may see the price continue toward

Wave Analysis The US Dollar is currently headed to the upperside. As it is right now, I expect nothing but a possible long term buy position expecting a possible rally towards 140 and may likely extend much higher. As it is right now, buying the last impulsive wave (5) towards 144 is ideal. Otherw

01
September
31
August
30
August
29
August
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .