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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

06 - 10 November	weekly forecast 06 - 10 November Weekly Review Bitcoin weekly Review: Wave Analysis: Following the bullish pin bar seen during the past trading week ending 28th October, Bitcoin rose tremendously to the upper side and is still pretty much bullish on almost all the time frames. During this week, we expect a possible bullish price rally to More
2017	EURUSD	GBPUSD	USDJPY
10 November	Resell euro around 1.1678 Wave Analysis: During the previous trading day, we witnessed a possible correction of the impulsive wave (c) to the upper side but is still below 1.1678. During this intraday, we expect a possible stretch to the upper side but should not go beyond 1.1678 where we'll be looking to resell the impulsi More	We're long Wave Analysis: Still no active momentum in this pair. During the previous trading day, we expected possible extension of the impulsive wave (1) to the upper side, but as it appears, the cable could continue to stall before continuing upwards as expected. Ideally, we expect a break above 1.3477 to c More	We're still short Wave Analysis: Despite yesterdays momentum to the lower side, we're yet to see an active momentum to the lower side, instead, at the moment, there a slight corrective rally to the upper side but is still below the upper trend line. As long as the price remains below this trend line, we expect a mas More
09 November	Short towards 1.1120	Remain long with your target at 1.3477	Bears should come in anytime from now
08 November	We're short	We're long with a target at 1.3477.	Short the Us Dollar
07 November	We're short towards 1.1120.	We're long with our first target at 1.3477	Short
06 November	Bearish engulfing on the daily chart	The cable still to drop	Within a contracting wedge

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Elliott waves analysis

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