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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

16 - 20 May	weekly forecast 16 - 20 May Weekly Review Natural Gas weekly Review: Wave Analysis The natural gas continues to rally above 6.480. As long as the price remains above this level, I expect nothing but a possible momentum much higher. basically, I am looking for a possible correction backe towards 6.480 to pick a possible low risk buy pos More
2022	EURUSD	GBPUSD	USDJPY
20 May	We are sellers towards 1.0515. Wave Analysis: During the previous trading days,the price rallied from the upper trendline at the corrective wave cycle two towards the lower side at the impulsive wave cycle three,but then rebounded to the upper side in continuation of the corrective wave cycle four.Right now the price is rallyin More	We are short towards 1.2355. Wave Analysis: This pair has been trading within the upper and the lower trendline for a while now,recently the price rebounded from the lower trendline at the impulsive wave cycle three towards the upper side in continuation of the corrective wave cycle four.As at now the price is heading towards More	Wait. Wave Analysis: The US Dollar is currently on a downtrend,the price has been rallying within the upper and the lower trendline for quite sometime now.Previously the price bounced off from the upper side at the corrective wave cycle four and rallied towards the lower trendline at the at the impulsiv More
19 May	We are buyers towards 1.0605.	We are long towards 1.2595.	We are short term buyers.
18 May	We are sellers towards 0.9980.	We are sellers towards 1.1980.	Wait.
17 May	We are on the sidelines.	We are sellers towards 1.2065.	We are buyers towards 130.05.
16 May	We are sellers towards 10120.	Wait.	We are sellers towards 126.25.

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Elliott waves analysis

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