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

03 - 07 October	weekly forecast 03 - 07 October Gold to continue short Gold Weekly Review Week Review Perfectly as previously forecasted, Gold markets rebounded from the upper trend line forming top of the falling channel, headed short, but is yet to reach our target lower supportive trendline, during this week, we still expect further movements towards thi More
2016	EURUSD	GBPUSD	USDJPY
07 October	Remain short Wave Analysis: We just witnessed a breakout below the daily support 1.1146. We are waiting for a correction of the massive downward rally witnessed earlier today to give us low risk sell opportunities towards 1.1078. In the meantime, key support levels can be seen around 1.1078, 1.1046, and 1.0 More	Waiting for corrections to continue short Wave Analysis: The cable is currently trading with an increasing downward momentum. Today, the cable traded massively short and even hit our first target at 1.203. Earlier this week, the cable broke below our weekly support 1.2919 and is very much bearish on the monthly chart. Although we expec More	Buy around 102.94 Wave Analysis: The extensive wave (3) went a bit higher than expect but could not go beyond 104.14. We expect further rally to the upper side but only after a correction of the impulsive wave (3). Thus, instead of going long immediately, we sit on the sidelines and wait for the corrective wave More
06 October	Bearish Momentum Developing	Waiting for corrections	Expect retracements to the lowerside
05 October	Waiting to continue long	Waiting for an upward pullback	Expect a possible bullish price rally
04 October	Remain short	Remain short	Wait for corrections to the lowerside.
03 October	Wait for a rebound from $1.1253-$1.1255	Bullish Momentum Developing	Remain Flat,,

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: