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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

19 - 23
October
weekly
forecast
19 - 23
October

Brent Oil Weekly Review   Wave Analysis Last week, Brent Oil rallied massively to the upperside but could not breakout above the zone 43.603-43.801. While the price remains below this zone, we are expecting a possible momentum to the lowerside. The anticipated bearish price rally is the cont

2020 EURUSD GBPUSD USDJPY
23
October

Wave Analysis Yesterday, Euro rallied massively to the lowerside and even went below the 23.6% fib level. On this chart, we still expect further momentum to the lowerside and should breakout below 38.2% fib level but should not go beyond 50.0% fib level. On this chart, we are looking for long term

Wave Analysis Yesterday, the British pound bounced off from the upper trendline, headed to the lowerside but is still pretty much bearish. While the price remains below the upper trendline,we are looking for nothing but a possible momentum to the lowerside. The anticipated bearish price rally is t

Wave Analysis During the previous trading day, the US Dollar broke below the inner supportive trendline and is still pretty much below this level. As it is now, we are looking for long term sell positions. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the low

22
October
21
October
20
October
19
October
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