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

13 - 17 August	weekly forecast 13 - 17 August Gold still to drop German stocks index Wave Analysis:After breaking above the level 12035.1, The German Stocks index has since remained above this level. As we mentioned few weeks ago, while the price is above this level, we expect a possible momentum to the upperside. The anticipated bullish price rally is the con More
2018	EURUSD	GBPUSD	USDJPY
17 August	Remain short Wave Analysis Euro recently descended below a daily level 1.1512. Following this move, both the impulsive waves (v) and (c), stretched further to the lower side and are still showing signs that the bears are still in full control, we expect the current upward rally being seen to be a mere correctio More	wait Wave Analysis Despite the previous week;s massive drop in the value of Great Britain against the Us Dollar, the cable is yet to show any serious move to the lowerside. Rather, the price is still rallying around a weekly support 1.29697. As long as this level protects the lowerside. We're expecting More	As long as the price remains below 110.81, we expect a rally towards 108.65 Wave Analysis The US Dollar is below the 4 hour level 110.81. And as we stated few days ago, while the price is below this level, we expect a possible extension of the impulsive wave (c) to the lowerside and should breakout below 109.25 but should not go lower than 108.05. This view can only be inv More
16 August	On the sidelines	Sell The cable now	As long as the price is below 110.81, look for short position.
15 August	still short	we're short	Wait and rebuy US Dollar around 111.04
14 August	Expect further correction upwards.	Sell the cable below 1.2697.	We’re either looking for a short position, or on the sidelines.
13 August	Wait for a clear buy signal	Sell a clear breakout below 1.27252.	Buy US Dollar now

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: