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

27 - 31 July	weekly forecast 27 - 31 July Sell Lukoil Lukoil Weekly Review Wave Analysis Last week, Lukoil shares declined steadily but ended recovering just before the close of the week, we expert further momentum to the lower side while the price is held below the alligator indicator attached. On this chart, we are looking for sell position More
2020	EURUSD	GBPUSD	USDJPY
31 July	Remain long. Wave Analysis Despite the previous forecast that this pair could rally to the lower side, Eurusd rose tremendously and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the two simple moving average, we expect nothing but a possible momentu More	Remain long towards 1.35121. Wave Analysis During the previous trading day, the British pound continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the previous day's highest high, we expect nothing but a possible momentum to the upper side, More	Remain short towards 100.00. Wave Analysis During the previous trading day, the impulsive wave (v) continued to he lower side and is still pretty much bearish both on the daily and on the weekly charts. While the price is held below the Alligator indicator attached, we expect nothing but a possible momentum to the upper side, More
30 July	Possible negative divergence formation	Remain long	Wait
29 July	Buy a break above 1.17720.	Remain long towards 1.302.	Remain short towards 100.00.
28 July	Remain long		Remain short towards 104.915.
27 July	Wait	Wait for a correction to pick a low risk buy position.	Remain short

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: