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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.

Elliott waves analysis

10 - 14
May
weekly
forecast
10 - 14
May

 Gold Weekly Review Wave Analysis During the previous week ending 7th of May, Gold rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the 50.0% fib level, we expect nothing but a possible momentum to the u

2021 EURUSD GBPUSD USDJPY
14
May

Wave Analysis During the previous trading day. nothing much happened on euro, we saw slight pullback to the upperside but we're still bearish. As it is now, we are looking for long term sell positions towards the lower trendline. If the price can break and close below the lower trendline, then furt

Wave Analysis During the past trading day, the British pound pulled back to the upperside but is still below the zone 1.41119 and should not breakout any higher. If you are looking at this chart now, expect a possible rebound from 1.41119 to pick a possible long term sell position with an ultimate

Wave Analysis After the breakl above the upper trendline, we're yet to see a significant move to the upperside. As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsuve

13
May
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May
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May
10
May
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