Picture of the author

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.

Elliott waves analysis

26 - 30
October
weekly
forecast
26 - 30
October

 Gold Weekly Review Wave Analysis As at the time of writing this analysis, Gold is below a significant zone 1911.82-1926.17. This is a daily resistance zone and while the price is held below it, we are looking for long term sell positions with an idea target at 1843.05 and the next target

2020 EURUSD GBPUSD USDJPY
30
October

Wave Analysis During the previous trading day, Euro broke below 1.17063. While we continue to see sustenance below this level, we are expecting further correction towards 1.16200 and could breakout much lower. A break below this level will push the price much lower. On this chart, only sell positi

Wave Analysis The British pound successfully broke below the supportive trendline. While the price remains below this trendline, we are looking at the level 1.28920 as a possible turn around point. And in case the price breaks and closes below this level, then further momentum much lower is expect

Wave Analysis The US Dollar continues to remains above the lower trendline. As long as the price is not able to clearly breakout below the supportive trendline, we are on the sidelines, we are expecting a possible a clear buy signal from this level to pick a low risk buy position with our target s

29
October
28
October
27
October
26
October
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .