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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

12 - 16 September	weekly forecast 12 - 16 September Weekly Analysis For Gold, Oil and Silver. Gold weekly Review Wave Analysis: During the previous week ending 9th September 2016, the corrective wave (b) traded long as previously forecasted but could not go beyond the end of the truncated wave 5. We expect the current downward rally to be the unfolding of the motive wave (c) More
2016	EURUSD	GBPUSD	USDJPY
16 September	Expect a possible bearish price rally Wave Analysis As expected, the pair rebounded from the resistance level 1.1253, headed short and is still pretty much bearish on the daily chart. During this intraday, we expect an impulsive rally to the lower side but should not go beyond 1.1152. A clear breakout below this target may push the pri More	We are long Wave Analysis Yesterday, the corrective wave (b) rebounded perfectly along the supportive trend line as previously forecasted. We expect the current upward rally to be the unfolding of the impulsive wave (c) but should not go beyond the resistance level 1.4111. A clear breakout above this target ma More	Expect a possible rebound from 101.92 Wave Analysis On 30th August 2016, the level 101.92 acted as a key demand level thereby driving price almost 200 pips to the upper side. On 7th September 2016, the pair broke below the same level but ended up above it by 8th September 2016. Currently, the pair is finding it hard closing below the s More
15 September	Expect a possible rebound from 1.1253	Remain long	Wait for a clear breakout below 101.92
14 September	A break Below the Wedge	Expect possible rebound to go long	Increasing Upward momentum
13 September	Expect Euro to trade on the lower ranges	Remain Long	Possible bearish price rally
12 September	Possible head and shoulder formation	Waiting for low risk buy opportunity	Expect a possible bullish price rally

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Elliott waves analysis

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