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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

13 - 17 November	weekly forecast 13 - 17 November Weekly Review Bitcoin Weekly Review: Wave Analysis: Last week, Bitcoin shaded almost 75 perfect the value it gained during the week ended 3rd November 2017. This cryptocurrency is still very bullish and the bearish price rally seen last week is a mere corrective wave count and should not go beyond the end of More
2017	EURUSD	GBPUSD	USDJPY
17 November	corrections Wave Analysis: Since the previous day's forecast, the corrective wave (b) continues to rally upwards but is still below the daily resistance level 1.1862. We're waiting for a possible rebound from this level, to short the impulsive wave (c). Ideally should the price rebound from 1.1862, then we exp More	Still bullish with the first target at 1.3477 Wave Analysis: Perfectly as previously forecasted, the impulsive wave (1) stretched slightly to the upper side and is still pretty much bullish both on the daily and the weekly charts. During this intraday, we expect a possible extension of the impulsive wave (1) to the upper side and should break More	Expect a possible bearish momentum Wave Analysis: Perfectly as previously forecasted, the impulsive wave (E) corrected it self slightly to the upper side but has currently picked a momentum to the lower side. During this intraday, we're expecting a possible extension of the impulsive wave (E) to the lower side but should not go beyo More
16 November	Sell euro around 1.1862	Remain long with the first target at 1.3477	Still bearish but expect corrections
15 November	Still correcting itself upwards	Bulls will take control soon	We're still short
14 November	Sell Euro around 1.1678	We're long with a target at 1.3477	We're short
13 November	Euro in correction mode	Bulls still dominating	We're short

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Elliott waves analysis

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