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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

01 - 05 February	weekly forecast 01 - 05 February Weekly Review Gold Weekly Review Wave Analysis After establishing a swing high around 2100.40, Gold is currently pulling back to the lowerside. The current rally to the lowerside is a corrective wave count and could see price break and close below 1801.60 towards 1501.20. If you are looking at this chart, w More
2021	EURUSD	GBPUSD	USDJPY
05 February	Wait for a possible sell position from 50.0% fib level. Wave Analysis Euro is currently in an active down trend. As long as the price remains below the Alligator indicator attached, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and shoul More	Wait for a rebuy from around 1.36664-1.36576 towards 1.37478. Wave Analysis During the previous trading day, our stops were triggered when the price closed above the upper trendline. We expect the rebound from 1.35650 to be an end to the last impulsive wave (v) that the current bullish price rally is the continuation of a corrective three wave cycle and could More	Wait for a rebuy from around 104.927. Wave Analysis The US Dollar is currently in an active up trend. As long as the price remains above the alligator indicator attached, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside and sho More
04 February	Remain short towards 1.19930.	Remain short towards 1.35665.	We're upwards towards 110.00.
03 February	Conservative traders should wait for a sell around 1.20616 towards 1.20050.	Remain short towards 1.36167.	Look for long term buy positions expecting price to break above 105.235.
02 February	Wait	Wait and buy a rebound from 1.35349-1.34764 with your target at 1.37599.	Wait and rebuy the US dollar from 104.526-104.441 towards 106.114.
01 February	As long as the price remains below the lower trendline, look for long term sell positions towards 1.20545.	Remain long towards the upper trendline.	We're buyers towards 105.07.

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Elliott waves analysis

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