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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

28 October - 01 November	weekly forecast 28 October - 01 November Weekly Review Alcoa Weekly Review Wave Analysis After hiting the lows of 10.70, the shares of this company has been rising. Currently, the price is rallying within a contracting wedge formation. And while the price is contained within this shape formation, I'm waiting for a bounce from the upper trendline t More
2019	EURUSD	GBPUSD	USDJPY
01 November	Expect a possible double top formation around 1.11750. Wave Analysis Just as in he cable, Euro rose significantly but is currently pulling back to the lowerside. As long as the price is contained below 1.11750, we expect a possible double top formation around 1.1175. This view can only be invalidated in case the price breaks above 1.1175, if this is t More	Buy GBPUSD towards 1.30030. Wave Analysis During the previous trading day, the cable continued to the upperside but could not hit our target set at 1.30030. As long as the price does not clearly reach this level, we are waiting for a a momentum towards this level to pick a low risk sell order. And should price breakout above More	Waiting for a resell from 108.270. Wave Analysis Perfectly as previously forecasted, the impulsive wave (c) continued massively to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. Following the break below 108.270, we expect nothing but a possible momentum to the lowerside. The anticipated More
31 October	Buy euro towards 1.11915.	Buy the cable with your take profit at 1.30030.	Sell the US Dollar with your take profit at 107.570.
30 October	Sell a bounce from the upper trendline.	Sell a bounce from the upper trendline.	Buy Us Dollar from within the zone 108.772-108.829 with your take profit at 109.050.
29 October	We're looking for a low risk sell towards 1.09905.	We're looking for a sell towards 1.24560.	Waiting for a low risk buy opportunity.
28 October	Sell Euro towards 1.10040	Sell the cable with your take profit at 1.26600.	Sell a bounce from the upper trendline towards 108.345.

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Elliott waves analysis

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