Picture of the author

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.

Elliott waves analysis

27 - 31
December
weekly
forecast
27 - 31
December

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

2021 EURUSD GBPUSD USDJPY
31
December

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.

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

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

30
December
29
December
28
December
27
December
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .