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

06 - 10 May	weekly forecast 06 - 10 May Buy Barclays bank shares Ford weekly review Wave Analysis: The close of the previous week saw For shares make very little move to the upperside. As long as the price of this share remains above $9.50, we expect nothing but a possible move to the upperside. We expect the shares of this company to pick momentum to the upp More
2019	EURUSD	GBPUSD	USDJPY
10 May	We're short towards 1.06220. Wave Anaysis: During the previous trading day, euro pulled back to the upperside but is still very much bearish both on the daily and the weekly charts. As long as the price is still contained below the upper trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bea More	Sell the cable from the upper trendline, or below 1.29630. Wave Analysis Yesterday, the cable pulled back to the upperside but failed to rise above 1.1040-1.30341, as long as the price remains below this level and also below the upper resistive trendline, we expect a possible steep decline towards 1.29505, the idea is to wait for a possible pullback to the More	We're loooking for a low risk buy order. Wave Analysis During the previous trading day, the US Dollar bounced off from the daily support level 109.734 and is still pretty much above this level. As long as the price is contained above this level, we expect nothing but a possible momentum to the upper side. If you're a bit skeptic to pick t More
09 May	We're short towards 1.06220.	Buy a bounce from 1.29910	Wait
08 May	We're downwards	We're sellers	Expect sellers to dominate today
07 May	Expect sellers to come in from 1.12470	Place a pending buy limit order around 1.30895.	Expect sellers to dominate following Monday's bearish gap.
06 May	Resell euro from 1.12150 towards 1.10720.	Buy the cable from 1.30924.	Sell the US Dolar from 111.010

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: