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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

23 - 27 December	weekly forecast 23 - 27 December Weekly Review Gold Weekly review Wave Analysis The corrective wave (c) failed to continue massively to the lower side, instead, it hit the lows of 1445.83 and has currently pulled back towards our sellers area 1472.29-1484.36. While the price remains below this zone, we're looking for a possible long term s More
2019	EURUSD	GBPUSD	USDJPY
27 December	Remain long towards 1.1200. Wave Analysis Earlier today, Euro rose tremendously and is still pretty much bullish both on the daily and on the weekly charts. As long as the price is contained above the lower supportive trend line, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally More	Expect further bullish correction towards 1.3110. Wave Analysis After sharp decline, the cable established a support around 1.2930 and could not head any lower, we expect the bounce from 1.2930 to have marked an end to the impulsive wave (a), that the current bullish price rally is the continuation of the corrective wave (b) to the upper side but More	Sell Us Dollar towards 108.40. Wave Analysis Just as previously forecasted, the impulsive wave (5) could not break above 109.60. We expect the bounce from 109.60 to have marked an end to the impulsive wave (5), that the current bearish price rally is the continuation of a corrective wave count and could see the price continue e More
26 December	Sell euro with your take profit at 1.0881.	Buy the cable from 1.2577.	Expect a possible momentum to the lower side.
24 December	Sell Euro towards 1.0920.	Sell the cable after a correction towards 1.3018.	Flat
23 December	Sell Euro with your first take profit at 1.0980 and the next at 1.0920.	On the sidelines	Flat

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Elliott waves analysis

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