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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

05 - 09 October	weekly forecast 05 - 09 October Buy Australian stock's index Australian Index Wave Analysis Last week on Friday, the Australian index rallied steadily to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the lower trendline, we expect nothing but a possible momentum to More
2020	EURUSD	GBPUSD	USDJPY
09 October	Look for long term buy positions towards the upper trendline. Wave Analysis Yesterday, Euro bounced off from the supportive trendline, headed straight to the upperside and is still pretty much bullish. We expect further momentum to the upperside towards the upper trendline. If the price breaks and closes above the upper trendline, then further momentum much h More	Look for low risk buy positions. Wave Analysis Currently, GBPUSD is above the lower trendline, we we continue to see sustenance above the lower trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breako More	Rebuy the US Dollar from 105.744 with your target at 106.914. Wave Analysis The Us dollar continues to rally above the level 105.744. While we continue to see sustenance above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (c) to the upper side and should br More
08 October	Buy a break above 1.17965 towards 1.20.	Remain long towards 1.29941.	Rebuy USDJPY from 105.744 towards 106.286.
07 October	Look for sell positions towards 1.17025.	Look for low risk buy positions towards 1.30267.	Look for sell positions towards 105.071.
06 October	Sell a rebound from 1.17945 with your target at 1.17175.	Buy a breakout above 1.30045 towads 1.30295.	Remain short towards 105.071.
05 October	We are looking for sell positions towards 1.13555.	Wait	Look for sell positions towards 103.974.

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Elliott waves analysis

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