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Elliott waves analysis

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.

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Elliott waves analysis

29 August - 02 September	weekly forecast 29 August - 02 September Waiting to buy Gold 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 More
2022	EURUSD	GBPUSD	USDJPY
02 September	Wait 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 More	We're sellers towards 1.14. 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 More	We're buyers towards 144.90. 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 More
01 September	We're waiting for a rebound from the upper trendline to pick a sell position.	We're waiting for a possible low risk sell position towards 1.14.	Wait and buy a break above 138.78 towards 140.90.
31 August	We're on the sidelines.	We're sellers towards 1.14.	We're buyers towards 140.90 and may likely continue much higher.
30 August	We're on the sidelines for now.	We're sellers towards 1.15.	We're buyers towards 140.00.
29 August	We're sellers towards 0.89.	Wait and sell a break below 1.17708 towards 1.14.	We're buyers towards 140.

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Elliott waves analysis

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