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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

18 - 22 January	weekly forecast 18 - 22 January Buy Dow Jones DJI30 weekly Review Wave Analysis Just before the end of last week, Dow Jones lost a few points but is still pretty much bullish. While we continue to see sustenance above the blue indicator line, we expect nothing but a possible momentum to the upperside. The anticipated bulli More
2021	EURUSD	GBPUSD	USDJPY
22 January	Look for long term buy positions towards 1.22207. Wave Analysis Few days ago, Euro broke above the upper trendline and is still pretty much above this trendline, while the price remains above both the upper trendline and also above the level 1.21006, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is More	Expect further correction towards 1.34940. Wave Analysis The British pound continues to rally to the upperside perfectly as previously forecasted. As long as the price remains above the end of the previous impulsive wave (iii), we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuati More	Wait for a resell from the upper trendline towards 102.480. Wave Analysis The US Dollar continues to rally to the lowerside despite the previous forecast that this pair could continue to the upperside. As long as the price remains below the upper trendline, we are waiting for a rebound from the upper trendline to pick a low risk sell position with an ultim More
21 January	Sell Euro from around 1.21469 towards 1.20750.	As long as the price remains above 1.36887, look for long term buy positions.	Remain short towards 102.642.
20 January	Wait for a resell from 1.21587.	Remain long with your first target set at 1.36826.	Remain long towards 104.236.
19 January	Wait for a possible sell from 1.21587	Buy the British pound now with your target at 1.36926.	Remain long with your target at 104.236.
18 January	Remain short towards 1.204.	Sell the British pound at 1.36210 towards 1.34375.	Buy a bounce from the lower trendline towards 103.945.

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Elliott waves analysis

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