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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

12 - 16 August	weekly forecast 12 - 16 August Rebuy GazpromNef Shares from 417.80 FaceBook weekly Review \ Wave Analysis After a bearish gap earlier the previous week, the shares of this company rose tremendously to fill this gap and is still pretty much bullish. As long as the price remains above 163.28, we're still upwards. We expect the drastic decline seen during late las More
2019	EURUSD	GBPUSD	USDJPY
16 August	Sell a break below 1.10350. Wave Analysis During the past few days, after breaking below the supportive line 1.11743, Euro continued to the lowerside and is still pretty much bearish. As long as the price remains below 1.11743, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is More	Rebuy the cable from 1.21068. Wave Analysis Instead of continuing to the lowerside after breaking below 1.21068, the cable continued massively to the lowerside and is still very much bearish. Now that the price has pulled back to the upperside and closed above 1.21068, we expect nothing but a possible momentum to the upperside. More	USDJPY. Look for buy positions towards 106.926. Wave Analysis After a massive bullish rejection seen earlier this week, the US Dollar is yet to give us any clear signals for continuing to the lowerside. As it is on the 4 hours chart attached, we're basically waiting for a possible momentum to the uppeside towards 106.926. The anticipated bullis More
15 August	Pick a sell upon a bounce from the upper trendline.	Look for long term sell orders,	Look for long term sell orders
14 August	Buy a bounce from the supportive trendline.	Sell a bounce from 1.21071 towards 1.20305	Buy a bounce from the supportive trendline.
13 August	Buy a bounce from 1.11743.	Resell the cable from 1.21068	Conservertive traders shouild wait for a resell from 105.800.
12 August	Buy a break above the upper trendline.	Resell the cable from 1.20990	Resell the US Dollar from 105.800

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Elliott waves analysis

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