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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 August	weekly forecast 20 - 24 August Still selling Gold Gold Weekly Review Wave Analysis: For sometimes now, the impulsive wave (c), of the corrective three wave cycle has been in a constant downtrend is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 1355.43, we expect a possible extension of the More
2018	EURUSD	GBPUSD	USDJPY
24 August	Only buy a break above 1.1607 Wave Analysis Two weeks ago, the was an attempt break below 1.1460. We are waiting a rise above 1.1605 to confirm further a possible rally to the upper side. But according to the weekly chart attached, as long as the price remains below 1.1605, we expect a possible momentum to the lower side, the a More	we're short Wave Analysis Few days ago, the corrective wave (4) headed significantly to the upper side but could not go above 1.2960, we expected a momentum towards this level then a rebound to pick a short position, however, at the moment, the rebound from 1.29 seems to have marked an end to the corrective wa More	look for a short position. Wave Analysis For some few days now, the corrective three wave cycle has remained confined within the falling channel formation and is not showing any signs of breaking out of it. As long as the price remains within the falling channel formation, we expect a possible momentum to the lower side. The More
23 August	We're looking for a rebuy from 1.1513	Waiting for a bounce from 1.2977	Short below 107.82
22 August	Rebuy euro around 1.1513	we're short from 1.2977	we're short
21 August	we're long towards 1.1795	We're short from 1.2977	we're short towards 108.52
20 August	We’re short	Still short	Only sell a breakout below 110.36

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Elliott waves analysis

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