Main

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.

Subscribe to our RSS
Elliott waves analysis feed

Start
trading

OPEN
DEMO ACCOUNT

Elliott waves analysis

09 - 13 May	weekly forecast 09 - 13 May Buy Gold Gold Weekly Review: Wave Analysis During the previous trading week, Gold rallied to the lowerside but is currently approaching a significant support zone 1866.90-1871.44. This is a significant zone and while the last impulsive wave (c) dooes not clearly break and close below it. It remains More
2022	EURUSD	GBPUSD	USDJPY
13 May	We are buyers towards 1.0525. Wave Analysis: This pair is currently trading in an expanding wedge formation,during the previous trading days,the price rallied from the lower trendline at the impulsive wave cycle three towards the upper trendline at the corrective wave cycle four.Recently, the price bounced off from the upper tr More	We are on the sidelines. Wave Analysis: The GBP is currently on a downtrend,the price has been rallying within the upper and the lower trendline for sometime now.Recently the price bounced off from the upper trendline towards the lower side in continuation of the impulsive wave cycle five.Right now the price is on the low More	We are sellers towards 127.05. Wave Analysis: The US Dollar has been trading within the upper and the lower trendline in the current downtrend.Previously the price rallied from the upper trendline at the corrective wave cycle two towards the lower side in continuation of the impulsive wave cycle three.The price then rebounded fr More
12 May	Wait.	We are sellers.	We are buyers.
11 May	We are sellers.	We are sellers.	We are buyers towards 131.30.
10 May	We are sellers towards 1.0475.	We are sellers towards 1.2080.	We are buyers towards 132.45.
09 May	Wait.	We are sellers.	We are buyers towards 132.90.

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Elliott waves analysis

Our best awards: