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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

02 - 06 March	weekly forecast 02 - 06 March Sell Gas Gas Weekly Review Wave Analysis During the previous trading week, the impulsive wave (v) continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the Alligator trend indicator attached, we expect nothing but More
2020	EURUSD	GBPUSD	USDJPY
06 March	Remain Long Wave Analysis Eur has been in an active up trend. As long as the price remains above the Envelopes trend indicator, I expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (c) and v and should break above 1.12550 towa More	On the sidelines. Wave Analysis According to the daily chart attached, we'e expecting a possible sell in case the price bounces off from 1.29721. And according to the Envelopes indicator attached, We're in an active downtrend, expecting the price to continue to the lower side and should break below 1.27800 towards More	Wait for a possible correction towards 107.460 to pick a low risk sell order. Wave Analysis Perfectly as previously forecasted, the impulsive wave (v) continued to the lower side and even went below 105.00. We expect the impulsive wave (v) to continue to the lower side but should not go beyond 100.00. Following the massive move we have seen to the lower side, we are expecti More
05 March	Remain short	Waiting for a possible buy opportunity towards 1.33342.	Sell a break below the previous weeks lowest low.
04 March	Wait	Hopes for buyers are slowly declining.	Wait
03 March	Waiting for a possible long term sell order.	wait	Remain short
02 March	Remain long.	Wait for a possible short term sell towards 1.24450.	Waiting for a possible long term sell orders towards 106.775.

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Elliott waves analysis

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