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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

13 - 17 May	weekly forecast 13 - 17 May Buy FaceBook Shares FaceBook Weekly Review: Wave Analysis During the previous week, the shares of this company plunged but failed to successfully close below the cloud marked above. Currently, there's no clear direction, But in case another bullish cloud form on the 4 hour chart during this week, we expect a possi More
2019	EURUSD	GBPUSD	USDJPY
17 May	We're short. Wave Analysis Euro is currently trading within a declining channel formation. As long as the price remains within this shape formation, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside wit More	We're short Wave Analysis During the previous trading day, the cable successfully closed below the supportive trendline shown above and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below this trendline, we expect nothing but a possible momentum to the uppe More	On the sidelines. Wave Analysis The Us dollar is currently in a correction mode. Just recently after establishing a support around 109.135, the US Dollar has been in a correction mode. We expect the current corrective three wave cycle to continue pushing price to the upperside and should breakout above 110.225 towa More
16 May	We're still sellers in this market	On the sidelines.	We're short towards 101.550.
15 May	We're short towards 1.04240.	We're short towards 1.27	Wait
14 May	We're short towards 1.04955.	Have a pending sell limit order at 1.2982.	Waiting for a clear sell signal from 109.630
13 May	We're short from around 1.13445 towards 1.05570.	Sell a break below 1.29730.	Rebuy the US Dollar from within 109.552-109.617,.

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Elliott waves analysis

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