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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

04 - 08 January	weekly forecast 04 - 08 January Buy Gold Gold Weekly Review Wave Analysis Earlier this week, Gold gaped above the upper trendline and is still pretty much bullish. While we continue to see sustenance above this trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the More
2021	EURUSD	GBPUSD	USDJPY
08 January	We're waiting for a rebuy from around 1.22416. Wave Analysis During the previous trading day, Euro continued to the lowerside but could not break below 1.22416. As long as we continue to see sustenance below 1.22416, we expect nothing but a possible momentum towards 1.23094, if the price breaks and closes below 1.22416, then we will be expecti More	Remain shot towards 1.33069. Wave Analysis During the previous trading day, the British pound continued to the lowerside and even went below the the lower trendline. Following the breakouts we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of a corrective three More	We're buyers. Wave Analysis Yesterday, the US Dollar broke and closed above the upper trend line. As long as we continue to see sustenance above 103.115, we expect nothing but a possible momentum to the upper side, the idea is to watch for a possible pullback towards 103.835 to pick a low risk buy position or a More
07 January	We're buyers.	Wait for a rebuy from within 1.34470-1.34110 towards 1.36812.	Resell the Us Dollar from 103.806 towards 102.040,
06 January	Buy a rebound from 1.22211.	Remain short towards 1.35740.	Remain short.
05 January	Buy a rebound from the lower trendline.	Sell a rebound from 1.36286 with an ultimate target set at 1.35245.	Remain short towards 100.00.
04 January	Look for low risk sell positions towards 1.22211.	Remain long towards 1.37.	Remain short towards 100.00.

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Elliott waves analysis

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