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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

05 - 09 September	weekly forecast 05 - 09 September Weekly Analysis Gold, Oil and Silver. Gold Weekly Review: Weekly Review: During the previous trading week ending 2nd September 2016, Gold markets traded perfectly short as previously forecasted but is currently retracing to the upper side. We expect the current upward rally to be the unfolding of a corrective three wav More
2016	EURUSD	GBPUSD	USDJPY
09 September	Expect a possible rally to the upperside Wave analysis: Unfortunately, our stop got hit when the pair ended up above 1.1268, following the breakout above the resistance level 1.1252, we expect an acceleration to the upper side but should not go beyond 1.1335, in the meantime, we sit on the sidelines and wait for retracements to the ju More	Still waitingfor low risk buy opportunity Wave Analysis: Following our previous analysis, nothing has changed much, we are still wait for a clear rebound from the immediate trend line to give us a low risk buy opportunities. Ideally, the anticipated upward rally should be the unfolding of the impulsive wave (c) and should not go beyond More	Expect an acceleration to the upper side Wave Analysis Unfortunately, our stop got hit when the pair broke above a key supply level 101.92, we expect the just broken supply level to act as a demand level to the current downward rally. Thus, instead of going short, we sit on the sidelines and wait for a clear rebound from 101.92 to go l More
08 September	Declining upward momentum	Wait for low risk buy opportunity	Expect a momentum to the lowerside
07 September	Euro to trade on the higher ranges	Wait For corrections to go long	Expect usd/jpy to trade on the lower ranges.
06 September	Pin bar on the daily chart	Expect a correction to the lowerside	Expect a rally to the upperside.
05 September	Expect Euro to trade on the lower ranges	Expect rally to the upperside.	Buy USD/JPY alongside NZD/JPY

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Elliott waves analysis

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