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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

18 - 22 April	weekly forecast 18 - 22 April Buy Gold Weekly Gold Weekly Analysis: Wave Analysis: During the previous trading week, gold rallied to the upperside and is still showing signs of continuing to the upperside. As it is right now, I expect nothing but a possible momentum to the upperside. This is the continuation of an impulsive wave count and m More
2022	EURUSD	GBPUSD	USDJPY
21 April	We are buyers towards 1.1085. Wave Analysis: The Euro is currently trading on a downtrend,the price recently rebounded from the upper trendline at the corrective wave cycle two towards the lower side at the impulsive wave cycle three.As at now,the price is rallying around the lower trendline,I expect a further bullish momentum More	We are on the sidelines. Wave Analysis: This pair is currently trading in a contracting wedge formation,the price is currently on a downtrend.Recently the price bounced off from the upper trendline towards the lower side in continuation of the impulsive wave cycle five.The price is now rebounding towards the upper trendli More	We are buyers towards 130.50. Wave Analysis: The US Dollar has been rallying towards the upper side for quite sometime now,during the previous trading days,the price bounced off from the upper trendline towards the lower trendline in continuation of the corrective wave cycle four.As of now the price is around the lower trendli More
20 April	We are on the sidelines.	We are sellers.	We are sellers towards 126.35.
19 April	We are sellers.	We are sellers.	We are buyers.
18 April	Wait.	We are sellers.	Wait.

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Elliott waves analysis

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