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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

08 - 12 January	weekly forecast 08 - 12 January Could bitcoin drop to somewhere below $7000 SPX Weekly Review Wave Analysis SPX 500 has been rising incessantly for almost since its inception several years ago. During this week, month, and even in the entire year, we expect a possible bullish price movements with an ideal target at 2800.00. So far, this index has gained a worth wh More
2018	EURUSD	GBPUSD	USDJPY
12 January	Sell euro around 1.2058 Wave Analysis Instead of continuing short as previously forecasted, euro pulled back upwards and is currently rallying around a key daily resistance level 1.2024. The previous move to the upper side is a mere corrective wave of the corrective wave (c) and should not go beyond 1.2058. This is a poss More	Buyers gaining control Wave Analysis: During the previous trading day, the cable rallied with an increasing bearish momentum and even hit the lows of 1.3456 but ended up closing above its opening price. The previous day's candle is perfect bullish candle and as long as the price remains above 1.3507, we expect a possible More	Still short Wave Analysis: Perfectly as per the previous day's forecast, the US Dollar rallied on the lower ranges and is still pretty much bearish both on the daily and the weekly charts. During this intraday, we're eyeing a possible break below 110.86 to pick a short position with a target at 107.00 or even More
11 January	Check for 1.20, possible sell location	Flat	Remain short with your target at 110.928
10 January	Heading towards 1.1680	Rebuy the cable around 1.3515	Sellers gaining control
09 January	Flat correction	Bulls in control	On the sidelines
08 January	Long euro now	Still long	Remain long

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Elliott waves analysis

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