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

21 - 25 February	weekly forecast 21 - 25 February Weekly Review SPX500 Weekly Review Wave Analysis During the previous trading day, the SPX500 rallied to the lowerside but failed to break below the lower trendline. While the price is contained above this trendline, this will give us an ideal place to consider a possible long term buy position. The idea More
2022	EURUSD	GBPUSD	USDJPY
25 February	We are sellers towards 1.1070. Wave Analysis: The Euro and the Great British Pound seems to be moving in the same direction.From this chat, unless the price breaks above the upper trendline then we we will be looking for buy pisitions towards 1.1350, but as of now we expect a rebound from the upper trendline to the lower side to More	We are sellers. Wave Analysis; The Great British Pound is currently on a corrective wave,if you are looking at this pair right now we expect a rebound from the upper trendline towards the lower side around 1.3190 or even much lower.Unless the price breaks and closes above the upper trendline, then we will be buyer More	We are buyers from 115.14 towards 116.25. Wave Analysis: During the previous trading hours, the US Dollar bounced off from the upper tredline towards the lower side in a move to correct the impulsive wave cycle three.The price is on the lower trendline as at now, I expect a rebound to the upper side towards 116.25, in continuation of the i More
24 February	Wait.	Wait for a clear sign to pick a sell.	We are sellers.
23 February	We are buyers.	We are buyers.	We are buyers towards 117.25.
22 February	We are buyers from 1.1297 towards 1.1360.	We are buyers towards 1.3645.	We are buyers towards 116.55.
21 February	We're buyers towards 1.14841	We're waiting for a rebound from 1.36350 to pick a possible sell position.	We're sellers for now.

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: