Main

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.

Subscribe to our RSS
Elliott waves analysis feed

Start
trading

OPEN
DEMO ACCOUNT

Elliott waves analysis

30 October - 03 November	weekly forecast 30 October - 03 November Weekly review Deutsche Bank weekly review Wave analysis. In the previous week, the inner impulsive wave (i) of the outer corrective wave (c) pulled back a bit towards the weekly support zone 15.61 - 15.96. This pull back is expected to be only temporary. Bulls are expected to come back and push this imp More
2017	EURUSD	GBPUSD	USDJPY
03 November	Sell ahead of the NFP? Wave Analysis: We're almost 300 pips into the impulsive wave (c), during the previous trading day, we say a slight bullish correction to the upper side but still below the short term resistance level 1.1680. Now that the price has pulled back to this level, we're waiting for a clear sell signal to More	Look for short position towards 1.2952 Wave Analysis: Few days ago, after end of the first impulsive wave (a) around 1.3027, we saw a possible flag formation but the price could not go above the flag 1.3299, instead, the pair accelerated downwards and even went below the lower supportive trend line. This is a possible bearish continuati More	On the sidelines. Wave Analysis: The US Dollar is stagnating above the upper resistance trend line. We're still hesitant to trade this pair, we're waiting for a possible trade ahead of the NFP new release. But as long as the price remains above this trend line, we're only interested in a long position towards 123.00 More
02 November	We're still short	Buy the cable above 1.3477	Flat
01 November	Sell euro around 1.1680	Wait for a break above 1.3477	Flat
31 October	Short	Bulls are back	We are still short
30 October	We are still short	We are long	Short

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Riston Capital Ltd (20623 BC 2012) with registered address at Suite 305, Griffith Corporate Centre, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines.

Elliott waves analysis

Our best awards: