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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

11 - 15 January	weekly forecast 11 - 15 January Weekly Review Natural Gas Weekly Review Wave Analysis Natural gas is currently in a minor range, slightly breaking above the upper trendline and also below the lower trendline. On this chart, we are looking for possible signs of sustenance above the upper trendline, if this is the case, then we will b More
2021	EURUSD	GBPUSD	USDJPY
15 January	Look for low risk buy positions towards 1.23705 Wave Analysis Yesterday, Euro attempted a breakout below the zone 1.21585-1.21426. As long as the price remains above this zone, we are looking for more momentum to he upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout a More	Wait and buy GBPUSD from 1.36690 towards 1.38. Wave Analysis Yesterday, the British pound attempted a breakout above the swing high 1.36690. As long as the price continues to show sustenance above this level, we expect nothing but a possible momentum to the upperside. If you are on this chart now, keep looking for more momentum to the upperside More	Remain short with your target at 102.594. Wave Analysis Yesterday, the Us dollar closed as a possible bearish indecision candle during the previous trading day. While we continue to see price below the previous day's lowest low, we expect nothing but a possible momentum to the lowerside and should break and close below 102.594. If you are More
14 January	Buy a rebound from the zone 1.21426 towards 1.23705.	Wait	Buy a breakout above 104.420 towards 104.745.
13 January	Wait for a resell from 1.22218 towards 1.21270.	Wait for a sell from 1.36088 towards 1.34620.	Wait
12 January	Sell a rebound from 1.21765.	Buy a beak above 1.35564 with your take profit at 1.3688.	Look for low risk risk buy positions from around 61.8% fib level towards 104.390.
11 January	Wait and sell a rebound from 1.22253 with our target at 1.21296.	Remain short towads 1.31775.	Wait for a buy from around 103.893 towards 104.574.

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Elliott waves analysis

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