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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

25 - 29 October	weekly forecast 25 - 29 October Weekly Review Gold Weekly Review Wave Analysis During the previous trading week, gold weekly remained bullish and is still pretty much bullish both on the daily and on the weekly charts. As it is right now, we are looking forward to the continuation of the last impulsive wave (c) to the upperside and sh More
2021	EURUSD	GBPUSD	USDJPY
29 October	We're buyers towards 1.1706. Wave Analysis Yesterday, our stop loss was taken out when the price broke above 1.1623 and is still pretty much above the next level 1.1665. As long as the price remains above the next level 1.1665, we expect nothing but a possible momentum much higher. The anticipated bullish price rally is the c More	We're waiting for a rebound from the upper trendline to pick a possible long term sell position towards 1.3705. Wave Analysis During the previous trading day, instead of continuing to the lowerside as previously anticipated, the British pound continued to the upperside and is currently around the upper trendline. If the price can break and close above this trendline, then we will be looking for a possible l More	We're sellers towards 50.0% fib level. Wave Analysis During the previous trading day,. nothing much happened on this pair, we're still below the upper trendline but above the 50.0% fib level. As it is right now, we are expecting sellers to dominate this market, we basically expect the price to break and close below 50.0% fib level and More
28 October	We're waiting for a sell from 1.1623 with an ideal target set at 1.1575.	We're approaching a significant sell place towards 1.3548.	We're sellers towards 61.8% fib level.
27 October	We're sellers towards 1.15274	We're sellers towards the lower trendline.	We're looking for sell positions now towards 113.180.
26 October	we're looking for a possible long term sell position towards 1.15	We're on the sidelines	Wait

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Elliott waves analysis

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