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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

24 - 28 May	weekly forecast 24 - 28 May Weekly Review Gold Weekly Review Wave Analysis During the previous week, Gold rallied to the upperside and is still above the Alligator indicator, as long as the price remains above the Alligator indicator, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally i More
2021	EURUSD	GBPUSD	USDJPY
28 May	Wait Wave Analysis Yesterday, we saw further pullbacks to the lowerside but we're still around the same supportive trendline. If the price breaks below the lower trendline, then further momentum to the lowerside is expected with an ideal target set at 1.20380. This is the continuation of a corrective wa More	We're sellers towards 1.39696. Wave Analysis The British pound continues to rally to lowerside and is still pretty much bearish. The anticipated bearish price rally is the continuation of a corrective wave count and could see the price break below 1.40390 towards 1.39696 or even lower. If you are looking at this chart now, we re More	We're buyers towards 114.23. Wave Analysis The US dollar gained momentum to the upper side and is still pretty much bullish both on the daily and on the weekly charts. While we continue to see sustenance above the upper trendline,we are looking for long term buy positions expecting the price to rally much higher towards 111.72 More
27 May	Buy a rebound from the lower trendline towards 1.23380.	We are sellers towards 1.39696.	Buy a break above the upper trendline towards 112.236.
26 May	We're buyers towards 1.23282.	Buy a break above 1.42155 towards 1.45.	Remain short towards 107.290.
25 May	We are looking for a possible long term buy position.	We are looking for a possible long term buy position.	Look for long term sell positions with your target at 105.545.
24 May	We're holding onto long term buy positions towards 1.2450.	Wait	We're sellers towards 105.545

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Elliott waves analysis

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