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

17 - 21 July	weekly forecast 17 - 21 July Dow Jones Weekly Review Gold weekly Review Wave Analysis During the previous week ending 14th July 2017, Gold markets pulled back upwards after hitting the monthly support level 1212.86 and should continue upwards. We expect the zone 1212.86-1191.12 to have marked the end of the corrective wave (b) that the current More
2017	EURUSD	GBPUSD	USDJPY
21 July	Inside bar followed by a bullish engulfing candle Wave Analysis Following the bullish inside bar seen on 19th of this month, the previous day's candle dropped slightly to the lower side before engulfing the previous candle to the upper side. This is a clear bullish dominance signal, and could mean the price may rise further upwards towards the wee More	Waiting for corrections to end or above 1.30393 Wave Analysis: For the past four trading days, the cable has lost almost 100% the value it gained Friday the previous week. We expect this downward rally to be a mere corrective wave count and should not go beyond the daily support level 1.2777. If this level can be broken to the lower side, then t More	Looking for long positions Wave Analysis: During the previous trading day, the Us Dollar opened at 111.909, went as high as 112.222 and as low as 111.472 but ended up closing at 111.883, just a few pips below it's opening price. The previous day's candle is a perfect indecision candle above a key daily support support level More
20 July	EURUSD Possibly overbought	Looking for long positions	US Dollar Oversold
19 July	Expect corrections anytime from now	Looking for long positions around 1.30246	Expect a possible rebound from 112.003 to long this pair
18 July	Bullish pin bar	We're long	Expect a possible rebound from 112.003
17 July	Bulls back in control	We're long	Bearish Inside bar followed by a bearish engulfing candle

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: