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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

28 March - 01 April	weekly forecast 28 March - 01 April Weekly Review Brent Oil Weekly Review Wave Analysis Last week, The Brent oil pulled back to the upperside after almost a week of falling. According to the chart attached, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive More
2022	EURUSD	GBPUSD	USDJPY
01 April	We are buyers from 1.1066 towards 1.1250. Wave Analysis: Previously the price bounced back to the lower trendline in continuation of the corrective wave cycle four.As at now the price is on the lower trendline,I expect a further momentum to the upper side towards 1.1250,the anticipated bullish rebound is as a continuation of the impulsive More	We are sellers. Wave Analysis; The Great British Pound is currently trading in an expanding wedge formation,the price rebounded to the upper trendline in continuation of the impulsive wave cycle five.Recently the price has been rallying around the upper trendline, I expect a rebound to the lower side towards 1.29 More	We are buyers towards 126 .35. Wave Analysis: The US Dollar has been rallying to the upper side for quite some time now. During the previous trading days the price rebounded to the lower side to the corrective wave cycle four.I expect a rebound to the upper side towards 126.35 in continuation of the impulsive wave cycle five.If More
31 March	We are sellers.	We are buyers towards 1.3114.	We are short term buyers.
30 March	We are buyers.	We are sellers.	We are short term buyers towards 124.20.
29 March	We're on the sidelines.	We're sellers towards the lower trendline.	Wait
28 March	We are sellers.	We are sellers towards 1.2865.	Wait.

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Elliott waves analysis

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