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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

09 - 13 April	weekly forecast 09 - 13 April Weekly Review German Stock Index Weekly Review Wave Analysis: During this month, German Stocks Index opened around 11,925.0, and instead of rallying lower, the price pulled back upwards and is currently showing signs of rising on the weekly charts. As long as the price remains above the monthly support level More
2018	EURUSD	GBPUSD	USDJPY
13 April	Buy above 1.2310 Wave Analysis During the previous trading day, euro declined slightly to the lower side but is currently bouncing from a key daily support level 1.2310. As long as the price remains above this level, we expect intraday traders to look for long positions with an ultimate target at 1.24903, if this t More	Wait for a clear rebound from 1.42572 Wave Analysis During the previous trading day, the cable rallied higher but is currently rallying around a key resistance level 1.42572. As long as this level protects the upper side, we expect a possible rebound from it to pick a long term short position with an ultimate target at 1.36169. If the More	Wait for potential long term short position around 108.344 Wave Analysis During the previous trading day, the corrective wave (iv) extended to the upper side perfectly as previously forecasted but is still below the weekly resistance zone 108.344-108.015, as long as this zone is not violated massively to the upper side with a big green candle, we expect a More
12 April	Seller are at 1.2498.	Our seller are at 1.4278.	Wait for a rebound from 107.778-108.344
11 April	intraday traders could look for long positions now towards 1.2498.	Look for long positions towards 1.4278.	Watch for a possible sell around 107.78
10 April	Wait	Wait	Wait
09 April	Pick a short position around 1.2325	The cable to rally higher	Flat

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Elliott waves analysis

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