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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

04 - 08 May	weekly forecast 04 - 08 May SPX500 Gaining NQ100 Weekly Review Wave Analysis NASDAQ-100 index has gained almost 90% the value it lost earlier this week, we are expecting a possible break out above the recent highest high to pick a long term buy position with an ultimate target around 10,000.00. The anticipated bullish price rally i More
2020	EURUSD	GBPUSD	USDJPY
08 May	Remain short with an ultimate target around 1.03405. Wave Analysis After the previous day's pullback,we are yet to see any clear moves to the lower side, we expect further momentum to the lower side especially during the coming week, As it is now, I recommend looking for long term sell orders with an ultimate target at 1.03405, the anticipated beari More	Remain short towards 1.21650. Wave Analysis During this week, the cable moved to the lower side and is still pretty much bearish both on the daily and on the weekly charts. We expect further momentum to the lower side and should not go beyond 1.21650. A bounce from this target will be a good place to consider a long term buy w More	Expect a possible momentum towards 105.353-104.993. Wave Analysis Yesterday, the Us dollar closed as a possible bearish pin bar, while the price is below 107.130, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should break below 105 More
07 May	Remain short towards 1.03405.	Remain long with your target at 1.24860.	At this point, we expect a possible momentum towards 105.353.
06 May	Remain short with an ultimate target at 1.08020.	Sell a break below 1.23985 towards 1.22.	Wait for a sell from 106.515.
05 May	Place a pending sell limit order around 1.09327 with your take profit at 1.08080.	Wait for a sell around 1.25027.	Remain short towards 106.305.
04 May	Wait for a sell from 1.09729.	Remain short with your target at 1.22495.	Wait

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Elliott waves analysis

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