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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

07 - 11 February	weekly forecast 07 - 11 February Buy French Stock's Index CAC40 Weekly Review Wave Analysis Few weeks ago, the French Stock's index bounced off from the level 6706.7, but failed to move as high as expected. As it is now, we are waiting for price to pullback towards the same level 6706.7 to pick a possible long term buy position with an ultimate t More
2022	EURUSD	GBPUSD	USDJPY
11 February	We sellers with our ideal target at 1.0720. Wave Analysis: This pair is in a corrective wave count, the price is currently on the upper trendline,just below a key resistance level 1.1469.As long as the price remains below the resistance level we expect a rebound towards 1.0720 or even much lower.On the flip side should the price break above More	We are sellers towards 1.2980 Wave Analysis: Previously the Great British Pound bounced off from the upper trendline,recently the price has been trying to go back to the upper side this rally is just a correction ,as it is we expect momentum to the lower side towards 1.2980 in continuation of the impulsive wave cycle five.If yo More	We are buyers. Wave Analysis: The US Dollar is on an uptrend,from where the price is at currently, we expect a further bullish momentum towards 117.60 or even much higher,if you are in this pair right now, look for short term buys from 116.14 towards the upper trendlline, the buyer have an upper hand as of now h More
10 February	We are sellers.	We are buyers towards 1.3570.	We are long towards 116.25.
09 February	We are sellers with our ideal target at 1.0910.	We are sellers towards 1.3435.	We are buyers towards 117.15.
08 February	We are buyers from 1.1416 towards 1.1475	We are sellers towards 1.3445.	We are buyers with our ideal target at 116.40.
07 February	We are sellers towards 1.0890.	We are sellers with our ideal target at 1.3020.	We are buyers towards 117.40.

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Elliott waves analysis

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