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

16 - 20 December	weekly forecast 16 - 20 December Buy Brent oil towards 68.40. Gold Weekly Review Wave Analysis During the previous trading week, nothing much happened on this symbol. Gold consolidated below the zone 1472.29-1434.35 but could not continue even lower. As long as the price remains below this zone, we expect nothing but a possible momentum to the lower side. More
2019	EURUSD	GBPUSD	USDJPY
20 December	Sell Euro towards 1.0955. Wave Analysis During the previous trading day, Euro continued slightly to the anticipated direction and is still very much bearish both on the daily and on the weekly. While the price is still held below the resistance trend line, we expect nothing but a possible momentum to the lower side, the id More	Sell GBPUSD with your take profit at 1.2800. Wave Analysis Just as previously forecasted the cable rallied to the lower side and even went below the support zone 1.3012-1.3086. As long as the price remains below this zone, we expect further momentum to the lowerside. The previously anticipated three wave cycle has been invalidated, which mean More	Sell the US Dollar with your take profit at 108.65. Wave Analysis As expected, the corrective wave (c) failed to continue upwards as previously forecasted and could not go beyond 109.70. Following this bounce, we expect further momentum to the lower side and could break below the previous day;s lowest low towards 108.65. But should the price break More
19 December	Sell Euro with your take profit fixed around 1.0880.	Wait for a bounce from 1.3012 to pick a buy.	On the sidelines.
18 December	Sell euro towards 1.0920.	Buy a rebound from within 1.312-1.3086.	Wait for a bounce from around 108.70 to pick a low risk buy position.
17 December	Sell Euro towards 1.0920.	Wait for a buy from around 1.3012.	Buy the Us Dollar with your take profit at 110.00.
16 December	Sell Euro with your take profit at 1.0920.	Buy the cable with your take profit at 1.3620.	Wait for a break above the previous week's highets high to pick a buy.

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: