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

09 - 13 October	weekly forecast 09 - 13 October Weekly Review Silver Weekly Review XAGUSD is currently moving impulsively to the upside. This pair is currently in an impulsive phase We can see from the chart above that despite the impulsive moves to the upside, the price is still in a downtrend. The price is currently forming the major outer wave "IV," wit More
2023	EURUSD	GBPUSD	USDJPY
13 October	We're short towards 1.04594. Wave Analysis: After a failed attempt to break above 1.06295, Euro could not sustain a steady move to the upperside, it instead pulled back to the lowerside and is still showing signs of continuing much lower. On this chart, we keep looking for low risk sell positions expecting a possible bearish More	We're sellers for now, towards 1.19725. Wave Analysis: After a failed attempt to break above 1.22667, the British pound pulled back to the lowerside and is now below the level 1.22667, this is a good place to consider long tern sell position,. we expect the rebound from around 1.234 to have been an end to the last impulsive wave (3) tha More	Wait and buy a break above 150.153 \Wave Analysis The US Dollar continues to rally to the upperside and is now above 147.365, as it is right now, we are looking forward to a possible long term buy positions with the next ideal target set around 155.90 and may likely extend much higher. On this chart, buyers are in complete control More
12 October	We're long above 1.06295	We're long towards 1.24422.	We're long towards 155.89
11 October	We're looking for sell positions towards 1.04489	We're buyers as long as the price remains above 1.22751 towards 1.25509.	We're long for now
10 October	We're short for now	wait	We're long for now towards 150.109
09 October	We're in a correction mode	We're short for now	We're waiting for a possible long position. from along the lower trendline

FreshForex is a brand that provides access to online trading for clients from more than 200 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: