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

02 - 06 November	weekly forecast 02 - 06 November Sell Lukoil Lukoil weekly Review Wave Analysis For Almost 6 week's now, look oil has been in an active down trend. While the price remains below the Alligator indicator attached we are in an active down trend. The anticipated bearish price rally is the continuation of the last impulsive wave ( More
2020	EURUSD	GBPUSD	USDJPY
06 November	EURUSD within a descending flag formation Wave Analysis Euro continues to consolidate within the descending flag formation and is currently around the upper trendline. Few days ago, the price go rejected from the supportive horizontal line 1.16329, we expect this rejection to have marked an end to the last impulsive wave (c), that the cur More	Look for buy positions now towards 1.31680. Wave Analysis Yesterday, the British pound surged significantly to the upper side and even went above 1.31210, now that the price has pulled back to the same place, we're considering low risk buy positions with our targets set around 1.31525 and could breakout much higher towards 1.31680. If the p More	Remain short with your target at 102.00. Wave Analysis The Us Dollar is currently in an active down trend. While the price remains below the three lines of the Alligator indicator attached, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the More
05 November	Wait	sell a rejection from 1.30404 towards 1.29381.	Remain short towards 104.087.
04 November	Look for sell positions towards the lower trendline.	Wait	Look for sell positions towards the lower trendline.
03 November	Wait for a sell from around 1.17192	Remain short with an ultimate target around 1.28385.	Wait and buy a rebound from the lower trendline towards 104.875.
02 November	Remain short	Wait	Remain long towards 104.961.

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: