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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

20 - 24 March	weekly forecast 20 - 24 March Gold Silver Oil Weekly Review Gold weekly Review Wave Analysis: During the past trading week ending March 17th 2016. The corrective wave (b) pull-back to the upper side but is currently stalling around a key pivot level at 1235. Unless there's a clear close above this level, we choose to remain flat monetarily and More
2017	EURUSD	GBPUSD	USDJPY
24 March	Euro still retracing but should not go beyond 1.07375 Wave Analysis: As previously anticipated, the corrective wave (4) continues to retrace to the lower side but should not go beyond 1.07375 from where we'll be looking to buy the impulsive wave (5) towards 1.100. A break above this level will likely push the price further to the upper side but should More	The cable consolidating within our buy zone Wave Analysis Yesterday, the Cable failed to sustain the break above our key buy zone 1.24865-1.25055 and has currently retraced back to it. We expect a possible bullish consolidations around this zone but should not go beyond 1.24865 from where we'll be looking to continue long with the impulsive More	The Us Dollar Retracing but should not go beyond 111.68 Wave Analysis: Despite our expectations to continue short, the corrective wave (b) continues to retrace to the upper side but is yet to hit our sell target. During this intraday, we still expect the corrective wave (b) to continue long but should not go beyond 111.68 from where we'll be looking to More
23 March	Euro still retracing but still above a key daily resistance level 1.0756	The cable consolidating around 1.247	US Dollar in a corrective mode but still below 111.69
22 March	Euro in a corrective mode but still bullish	The cable in a corrective mode	Wait for a clear brak below 111.57 to continue short with an ideal target at 109.054
21 March	Looking to rebuy the green bar	Waiting for a clear bullish rebound from 1.2343 to rebuy the green bar	US Dollar in a corrective mode
20 March	Waiting for a clear break above 1.0770 to rebuy the green bar	The Cable Preparing to continue long but should first break above 1.24129	US Dollar still short as long as below 113.63

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Elliott waves analysis

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