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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

02 - 06 May	weekly forecast 02 - 06 May Weekly Review Gold Review: Wave Analysis: Last week, gold rallied to the lowerside and is still above the level 1866.90. This is a key level and while the price remains above it it, we are waiting for a rebound from the two lines, 1866.90-1871.44 to pick a possible long term buy position with the next i More
2022	EURUSD	GBPUSD	USDJPY
06 May	We are buyers towards 1.0625 Wave Analysis: The Euro has been trading within the lower and the upper trendline,recently the price rallied towards the upper side at the impulsive wave cycle three but then bounced off towards the lower side at the corrective wave cycle four.The price is currently around the lower trendline,I ex More	Wait. Wave Analysis: This pair has been rallying towards the lower side for quite sometime now,during the previous forcast,we had ancicipated a break below the lower trendline.As at now the price is still rallying along the lower trendline,I expect a clear break below the lower trendline and a further be More	Wait. Wave Analysis; This pair is currently trading in an expanding wedge formation,the price has been rallying within the upper and the lower trendline.During the previous trading days,the price rebounded from the lower trendline at the corrective wave cycle four towards the upper side in continution o More
05 May	Wait for a break above the upper trendline.	We are sellers towards 1.2140.	We are buyers towards 129.75.
04 May	We are sellers towards 1.0330.	Wait.	We are buyers towards 131.85.
03 May	We are sellers towards 1.0355	Wait.	We are short term sellers towards 128.80.
02 May	We are on the sidelines.	We are on the sidelines.	We are buyers towards 132.00.

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Elliott waves analysis

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