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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

20 - 24 November	weekly forecast 20 - 24 November Weekly Review Gold Weekly Review XAUUSD is currently in an impulsive phase, positioned at the major corrective outer wave 'IV' at 1978.61—a zone acting as a support level. Our anticipation is for the price to undergo an impulsive upward movement from this zone, targeting the resistance zone of 1998.86. This a More
2023	EURUSD	GBPUSD	USDJPY
22 November	Wait for a buy from around the blue zone. During the previous trading day, Euro pulled back to the lowerside but is still pretty much bearish both on the daily and on the weekly charts, As it is now, we expect the sellers to push the price much lower towards the lower blue zone and may break and close below it, if that happens then furthe More	We're buyers for now towards the upper zone. The British pound is currently rallying with a bullish bias momentum, as it is right now, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and may see the price rally much higher with More	We're buyers for now towards the level 149.820. The US Dollar is currently rallying with a bullish bias momentum, as it is right now, if the price can break and close above the immediate red zone, then this will be an ideal place to consider a possible long term buy position towards the next zone and may break and close even higher. On this cha More
21 November	Flat for now	Place a long positions now, should the price break and close above 1.2456.	You can consider placing a short position with your profit target at 146.36
20 November	We're short for now	We're short from 1.2466 towards 1.18.	We're short for now

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Elliott waves analysis

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