Picture of the author

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.

Elliott waves analysis

28 March - 01
April
weekly
forecast
28 March - 01
April

Gold weekly Review   Weekly Review   During the previous trading day, Gold markets rebounded from the upper thick green trend line and even broke below the next thin trend line. During this week, we expect to continue short with our ultimate target along the middle supportive

2016 EURUSD GBPUSD USDJPY
01
April

Wave Analysis: EUR/USD is curently trading with a bullish bias. Unfortunately, the pair hit our stop loss and is currently trading above it. Following the break above the resistance level 1.1323, we will remain long with our next target at 1.1492. However, in case the price turn bearish and ends up

Wave Analysis: GBP/USD is currently trading with bullish bias. During the previous trading day, The cable retraced to the upper side but could not close above 1.4410. We expect the resistance level 1.4410 to have marked the end of the wave (b). That the current downward rally is the unfolding of w

Wave Analysis USD/JPY is curenty trading with a bullish bias. During the previous trading day, usd/jpy traded short and ended up forming a double bottom at the support level 112.06. Unless the the price below 112.00, we will be keen to hunt for long positions with our ultimate target at 112.58. A

31
March
30
March
29
March
28
March
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .