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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

12 - 16 April	weekly forecast 12 - 16 April Sell WTI WTI Weekly Review Wave Analysis During the previous month, WTI attempted a breakout above the upper trendline but ended up closing below it. As long price remains below the upper trendline, we are waiting for a possible long term sell position expecting the price to rally to the lowerside More
2021	EURUSD	GBPUSD	USDJPY
16 April	Buy a breakout above 1.19963 towards 1.20. Wave Analysis Recently, Euro established a swing high around 1.19965. As long as the price does not clearly breakout above this level, we expect nothing but a possible momentum to the upperside and should breakout above 1.20 and may extend much higher. On the flipside, should the price pullback to More	We're short towards 1.36820. Wave Analysis During the previous trading day, the British pound broke below the wedge formation and is still below the lower trendline. On this chart, we are looking for long term sell position expecting the price to rally to the lower side towards 1.36820. A breakout below 1.36694 will mean we ar More	Wait for a rebound from 38.2% fib level to pick a possible sell position. Wave Analysis During the previous trading day, the US Dollar established a swing low around 108.660 and is currently pulling back to the upperside The current move we are seeing to the upperside is a corrective wave count and should not go beyond 38.2% fib level. A rise above this fib will push t More
15 April	Wait for a possible rebound from 1.20034-1.19837 to pick a possible sell position towards 38.2% fib level.	Remain short towards 1.35060.	On the sidelines.
14 April	Wait	Wait for a possible long term sell position towards 1.31720.	We're waiting for a possible long term buy position towards 118.00.
13 April	Wait for a sell from 50.0% fib level.	We're waiting for a sell from the upper trendline towards 1.35895	We're waiting for a possible buy position towards 114.101.
12 April	We're waiting for a possible buy from 38.2% fib level towards 1.2425	Wait	We're waiting for a possible buy position towards 114.101.

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Elliott waves analysis

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