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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

07 - 11 December	weekly forecast 07 - 11 December Gold, Oil, Silver Weekly Analysis Gold weekly Review: Weekly Review: During the previous week ending 4th December 2015, Gold markets traded within the downward channel until the last trading day, on Friday that it successful broke above the upper trend line forming the channel. Following this upward thrush, we are very More
2015	EURUSD	GBPUSD	USDJPY
11 December	EURUSD Elliot Waves Analysis For 11 December 2015 Wave analysis: EUR/USD is currently trading with a bearish bias. Euro failed to hit our target 1.107 and instead headed short from 1.104 and is currently trading just below a daily support level 1.093. Wave (c) ended at 1.104, therefore as long as the pair trades below 1.093, we will hold on to s More	GBPUSD Elliot Waves Analysis For 11 December 2015 Wave Analysis: GBP/USD is currently trading with a bearish bias. The pair successfully closed below the red trend line forming the bottom of the falling wedge and is now trading below it. We still anticipate further downward movement for wave (5) to close along the green trendline at 1.4869. This More	USDJPY Elliot Waves Analysis For 11 December 2015 Wave Analysis: USDJPY is currently trading with a slight Bullish. The pair corrected itself upwards but is yet to hit our now key resistant level 122.24. We are waiting for a close above this trend line to mark the continuation of the upward movement, or a bounce from this level to mark a reversal More
10 December	EURUSD Elliot Waves Analysis For 10 December 2015	GBPUSD Elliot Waves Analysis For 10 December 2015	USDJPY Elliot Waves Analysis For 10 December 2015
09 December	EURUSD Elliot Waves Analysis For 9 Dec 2015	GBPUSD Elliot Waves Analysis For 9 Dec 2015	USDJPY Elliot Waves Analysis For 9 Dec 2015
08 December	EURUSD Elliot Waves Analysis For 8 Dec 2015	GBPUSD Elliot Waves Analysis For 8 Dec 2015	USDJPY Elliot Waves Analysis For 8 Dec 2015
07 December	EURUSD Elliot Waves Analysis For 7 Dec 2015	GBPUSD Elliot Waves Analysis For 7 Dec 2015	USDJPY Elliot Waves Analysis For 7 Dec 2015

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Elliott waves analysis

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