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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

01 - 05 May	weekly forecast 01 - 05 May SPX500 Still to rise Gold weekly review Wave Analysis: During the previous trading week ending 28th April 2017, Gold markets continue to retrace to the lower side but should not go beyond 1256.30 from where we'll be looking to re-buy the impulsive wave (c) towards 1396. Although this correction is highly anti More
2017	EURUSD	GBPUSD	USDJPY
05 May	Expect a possible bullish wave count towards 1.11372 Wave Analysis: The impulsive wave (v) traded long as previously forecasted but is yet to hit our target take profit at 1.11372. During this intraday, we still expect further bullish wave count towards 1.11372 or even higher. Ideally, as long as the pair remains above 1.08649, we expect a possible b More	Bulls in control Wave Analysis As previously anticipated, the impulsive wave (v) picked a momentum to the upper side but is yet to hit our forecasted target. During this intraday, we expect further bullish momentum towards 1.33 or even higher. In the meantime, we're waiting for a clear break above the previous thre More	US Dollar in a corrective mode Wave Analysis: After breaking above 111.92 on 3rd May, this pair accelerated to the upper side but is currently retracing back to the just broken level. Unless there's a clear bearish wave count breaking below 111.63, we expect a possible rebound from around 111.92-111.63 to buy this pair at low ri More
04 May	Buy EURUSD at 1.08649	Expect a possible bearish momentum towards 1.27819.	waiting for the US Dollar to sustain the break above 112.28
03 May	Euro preparing to continue long	We're long with an ideal target at 1.3292	Perfect low risk sell opportunity
02 May	We're long	Minor bearish corrections	Expect a rebound from 112.186-111.09 to go short with an ideal target at 100.0
01 May	Euro preparing to continue long	The cable has sustains the break above 1.27697	Rallying around our sell place 111.945

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Elliott waves analysis

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