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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

12 - 16 February	weekly forecast 12 - 16 February Weekly Review Bitcoin Weekly Review: Wave Analysis: Last week, Bitcoin crashed down but ended up closing above it's opening price. The previous week's candle is a perfect bullish pin bar candle but we're still reluctant to long this cryptocurrency, instead, we expect further decline in price but should not go More
2018	EURUSD	GBPUSD	USDJPY
16 February	Remain long Wave Analysis: During the previous trading day, the impulsive wave (5) extended significantly to the upper side and is still pretty much bullish both on the daily and the weekly charts. Today and even in the coming week's we expect a possible extension to the upper side with an ultimate target at 1 More	We're still long Wave Analysis: Perfectly as previously forecasted, the cable extended massively to the upper side and is showing signs of rising even further. A key daily support can be seen at 1.3855, and as long as this level protects the lower side we expect a possible bullish price movements with an ultimate t More	buyers eyeing 104.08 Wave Analysis The impulsive wave (b) continues to decline in value but should not go beyond the support level seen at 104.08. Today and in the next few days, we expect a rally towards 104.85, then a rebound to pick a long position with an ultimate target at 118.45. As long as the zone 104.85-104.43 More
15 February	Remain long towards 1.2720	Remain long	Bears on the lead
14 February	Remain long	Expect further corrections	Wait
13 February	We're long	Expect further corrections	Remain flat
12 February	Rebuy euro around 1.2240	Wait	Rebuy this pair around 108.25

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Elliott waves analysis

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