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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

02 - 06 April	weekly forecast 02 - 06 April German stocks index set to take an upward rally German Stock's Index Weekly Review: Wave Analysis: During the previous month, German stock;s index opened at 12355.6 , went as high as 12474.4 and as low as 11696.6 but ended up closing at 12131.3 , just a few pips below it's opening price. The previous month's candle is a pref More
2018	EURUSD	GBPUSD	USDJPY
06 April	Remain short Wave Analysis After a rebound from the daily resistance level 1.2410, this pair has been in a constant down trend and is still pretty much bearish both on the daily and the weekly charts. Yesterday, the price dropped significantly and could likely continue with the same trend today. Today and in th More	Sell the cable on a pullback towards 1.40040 Wave Analysis: Since the cable rebounded from the daily hourly resistance level 1.410890, this pair has been in a constant downtrend, perfectly as forecasted and could extend even further to the lower side. We expect the level 1.40295 to have marked the end of the corrective wave (b) that the curre More	Remain long with an ideal target at 110.645. Wave Analysis: Earlier today, we saw a possible correction of the impulsive wave (c) to the lower side but is still above 107.015, as long as the price remains above 107.015, we expect a possible momentum to the upper side. The anticipated bullish price rally is merely the continuation of the impul More
05 April	Remain short	Remain short towards 1.39020	We're long with an ultimate target at 108.050
04 April	We're short	Watch for a potential sell around 1.41310	Expect a possible bullish price rally towards 108.575.
03 April	Wait for buying signal	Look for a possible buy around 1.40411	Remain short with your target at 100.986
02 April	Wait for a buy	Sell the cable below 1.3586	Buy the US Dollar upon a rebound from 105.38

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Elliott waves analysis

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