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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

18 - 22 October	weekly forecast 18 - 22 October Weekly Review SPX500 Weekly Review Wave Analysis During the previous trading week, the Standard Poor Index rallied intensely to the upperside and even went above the upper trendline. While the price remains above this line, I expect nothing but a possible momentum to the upperside, this is the continuat More
2021	EURUSD	GBPUSD	USDJPY
22 October	We're waiting for a rebound from the black trendline towards 1.4280 Wave Analysis During the previous trading month, we had a massive surge to the lowerside and even ended up below 1.1778. As long as the price remains below this level, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally will be the continuation of a corre More	We're looking for long term buying towards 1.71 Wave Analysis The British pound continues to consolidated above the upper trendline and is not showing any signs of breaking below it. While we continue to see sustenance above this trendline, we expect nothing but a possible momentum to the upperside and should head straight towards 1.7184 and may More	We're expecting further corrections towards 111.53. Wave Analysis During the previous trading day, the US Dollar corrected itself to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. The anticipated bearish price rally is the continuation of the corrective wave (4) to the lowerside but should not go beyond 11 More
21 October	We're sellers from 1.1697.	Buyers are in control, but wait for a buy around 1.3791.	We're sellers temporarily towards 112.20
20 October	We're buyers towards 1.16663	We're buyers towards 1.39.	We're buyers from 114.464 towards 115.65.
19 October	We're temporarily on the sidelines.	We're waiting for a rebound from the upper trendline to pick a possible long term sell position.	We're buyers towards 118.90.
18 October	We're sellers towards 1.14113.	We're selling a rebound from the upper trendline.	We're buyers towards 114.90.

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Elliott waves analysis

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