Main

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.

Subscribe to our RSS
Elliott waves analysis feed

Start
trading

OPEN
DEMO ACCOUNT

Elliott waves analysis

31 May - 04 June	weekly forecast 31 May - 04 June Buy Silver Silver Weekly Review Wave Analysis Late last week, Silver rallied to the upperside and is now above the upper trendline. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation More
2021	EURUSD	GBPUSD	USDJPY
04 June	We're sellers towards 1.19858. Wave Analysis After breaking below the supportive trend line, Euro rallied to the lower side and is still very much bearish both on the daily and on the 8 hours chart attached. As it is now, we are holding onto long term sell positions expecting the price to breakout below 1.19858 and may breakout More	We're sellers towards 1.39940. Wave Analysis During the previous trading day, the British pound rallied to the lower side and is still very much bearish. As long as the price remains below the lower trend line, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation o More	Wait and buy a break above the upper trendline towards 111.840. Wave Analysis Yesterday, the US Dollar continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. If the price rebound from the upper trendline, we will be looking for a possible long term sell positions. As it is now, we expect the impulsive wave (c) t More
03 June	Buy a rebound from the lower trendline towards 1.23150.	Buy a rebound from the lower trendline towards the upper trendline.	Buy a rebound from the lower trendline towards 110.430.
02 June	We're sellers towards 1.21623	We're sellers towards 1.40964	We're buyers towards 114.00.
01 June	We're buyers towards the upper trendline.	We're buyers towards 1.42765.	Buy US dollar now towards the upper trendline.
31 May	We're sellers towards 1.20280.	Wait	We're upwards with an ideal target at 112.238.

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Elliott waves analysis

Our best awards: