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

15 - 19 February	weekly forecast 15 - 19 February Weekly Review Gold Weekly Review Wave Analysis Late last week, Gold rallied to the lower side and even closed below the zone 1829.250. As long as the price remains below this level, we are sellers, we are basically waiting for a bounce from the same level to pick a possible long term sell position towards the More
2021	EURUSD	GBPUSD	USDJPY
19 February	Wait Wave Analysis Yesterday, Euro pulled back to the upper side but is still below the upper trendline. If the price breaks and closes above the upper trend line, then this will be a good place to consider a possible long term buy position with an ultimate target set at 1.23495. An break above this lev More	Remain long towards 1.40320. Wave Analysis As previously expected, The British pound continued massively to the upperside and is still pretty much bullish both on the daily and on the weekly charts. If you are looking at this chart, keep looking for long term buy positions expecting price to break above 1.39930 towards 1.40. T More	Wait for a possible buy from 104.459. Wave Analysis The US dollar rallied to the lowerside and is currently slightly below 105.850. We expect this bearish move to be a corrective wave count and should not break below 104.459-104.302. If you are looking at this chart right now, remain on the sidelines, alternatively, place a pending buy More
18 February	Wait for a buy from around 1.19626-1.19270 towards 1.23495.	Wait for a buy from around 1.37478-1.37347 towards 1.39540.	Place a pending buy limit order at 105.489 stoploss below 104.459 and take profit at 107.948.
17 February	Wait for a buy position from around 1.19599-1.19316 towards 1.23795.	Stay on the sidelines for now.	Wait
16 February	As long as the price remains above 1.21195, we are upwards towads 1.23795	Remain long.	Wait for a low risk buy position towards 106.129.
15 February	Remain long towards 1.23795.	Remain long towards 1.39303	Look for long positions towards 106.129

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: