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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

03 - 07 September	weekly forecast 03 - 07 September SPX500 To Rise further Gold Weekly Review Wave Analysis During the previous trading week, the corrective wave (4) extended massively to the upperside but failed to break above the upper trendline acting as a resistance to the falling channel formation. As long as the price remains within this channel, we're waiting fo More
2018	EURUSD	GBPUSD	USDJPY
07 September	we're long Wave Analysis After an attempt decline below the supportive zone 1.14719-1.16055, Euro pulled back upwards and is now above the same zone. As we said during the previous trading day, as long as the price remains above this zone, we expect a possible ascend towards 1.25830 and could breakout even hi More	We'll still be looking for a sell from 1.30578 Wave Analysis Nothing much happening on this pair. We still; expect a possible rise towards 1.30578 to pick a long term short position with an ultimate target at 1.24650. The anticipated bullish price rally is the continuation of the corrective wave (iv) to the upper side and should rebound from th More	we're short towards 109.510 Wave Analysis Perfectly as previously forecasted, during the previous trading day, the US Dollar plunged to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains within the expanding wedge formation, we expect nothing but a possible mom More
06 September	we're looking for along positions	we're short from 1.30578	we're short towards 109.390
05 September	we're looking for a long position now.	we're short from 1.30578	Short the US Dollar now towards the lower trendline
04 September	waiting for a rebuy from 1.15837-1.14458	Expect a possible decline towards 1.2665	Sell a rebound from the upper trendline
03 September	we're long from 1.15832.	we're still upwards towards 1.32969	we're short

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Elliott waves analysis

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