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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

25 - 29 December	weekly forecast 25 - 29 December Sell Bitcoin GazProm Weekly Review Wave Analysis: After a rise to the upper side, the impulsive wave (b) could not break above 136.30, rather, it rebounded from this level. Last week, Gazprom corrected itself to the lower side and is still above the supportive zone 131.47-130.61. As long as the price rema More
2017	EURUSD	GBPUSD	USDJPY
29 December	Sell Euro upon a rebound from 1.2064 Wave Analysis: During the previous trading day, the corrective wave (b) extended significantly to the upper side and is still pretty much bullish. We expect further bullish momentum but should not break above the resistance level 1.2064. Ideally, we expect a double top formation around 1.2064, whic More	Bulls are fully charged Wave Analysis: Perfectly as previously forecasted, the inner impulsive wave (1) stretched significantly to the upper side but is yet to reach our first target set at 1.34. During this intraday, we expect further extension to the upper side and should breakout above 1.3481 towards 1.4365. The antici More	Still Short Wave Analysis: During the previous trading day, the impulsive wave (c) trading massively to the lower side but is still way above our first target set at 110.70. During this intraday, we expect further momentum to the lower side and should not go beyond the lower supportive trend line. The anticipa More
28 December	Further correction	Remain long with your first target at 1.3483	We're short
27 December	On the Sidelines	Buy above 1.3481 towards 1.4365	Remain short
26 December	Resell euro around 1.2095	On the sidelines	Short

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Elliott waves analysis

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