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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

16 - 20 August	weekly forecast 16 - 20 August Weekly Review SPX500 Weekly Review Wave Analysis SPX500 is currently in an active up trend. While the price remains above the alligator indicator attached, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the More
2021	EURUSD	GBPUSD	USDJPY
20 August	We're sellers towards 1.21 Wave Analysis: After the break below the significant level seen last week, we're yet to see any clear intense moves to the lowerside, as it is right now, we are looking for a possible long term sell position. The anticipated bearish price rally is the continuation of an impulsive wave count and sh More	We're waiting to buy a rebound from the immediate trendline. Wave Analysis: The British pound is yet to continue upwards as we indicated previously, as it is right now, we expect nothing but a possible momentum to the uppers ide but should not go beyond 1.44913 and may extend much higher. If you are on this chart right now, keep looking for long term buy pos More	Still watching for low risk buy positions towards 114.254. Wave Analysis: We continue to see suatiance above the upper trendline. On this chart, buyers are in complete control, the idea is to wait for price to pullback to the same trendline to pick a possible long term buy position towards 114.254 and may extend much higher towards 117.531 and may extend m More
19 August	We're possibly sellers towards 1.16069.	We're sellers towards 1.36115.	We're buyers towards 112.089.
18 August	We're waiting to buy a rebound from 1.17128 to pick a low risk buy position.	We're buyers towards 1.44913.	We're buyers towards 114.256.
17 August	We're still long towards 1.23035.	Watching for a possible buy position towards 1.44913.	We're looking for a possible long term buy position towards the level 114.254.
16 August	We're long towards 1.23035	We're buyers towards 1.44913	We're buyers towards 114.254

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Elliott waves analysis

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