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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

27 - 31 December	weekly forecast 27 - 31 December Weekly Review CAC40 Weekly Review Wave Analysis Just as previously forecasted, the French Stock's index is still in an active up trend. While the Price remains above the trend indicator attached, we expect nothing but a possible momentum to the upperside. Even with a correction below the indicator attached, I More
2021	EURUSD	GBPUSD	USDJPY
31 December	We're sellers towards the lower trendline. Wave Analysis During the previous trading day, Euro failed to break above the upper trendline and is now below the same trendline. As we mentioned during our previous trading day, we expect nothing but a possible momentum to the lowerside and should continue much lower towards the lower trendline. More	We're buyers towards 1.3604 Wave Analysis As long as the price remains above the zone 1.3373-1.3350, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and should break above 1.3604 and may continue much higher. O More	We're buyers towards the upper trendline. Wave Analysis As we indicated earlier this week, we expect the US Dollar to continue to the upperside and may see the price break beyond 116.7 towards 118.0 or even higher. On this chart, buy positions looks ideal and can safely be recommended, otherwise, if the price rebound from the upper trendl More
30 December	We're buyers towards 1.1437	We're buyers towards 1.3764	Hold onto buy positions towards the upper trendline.
29 December	Remain short	We're buyers towards 1.3790	We're buyers towards 121.89
28 December	We're sellers towards the lower trendline.	We're buyers towards 1.3790	We're buyers towards the upper trendline.
27 December	We're sellers towards the lower trendline.	We're waiting for a rebuy from around 1.3370 to pick a long term buy towards 1.3604.	We're buyers towards the upper trendline.

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Elliott waves analysis

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