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

31 July - 04 August	weekly forecast 31 July - 04 August Weekly Review Gold Weekly Review XAUUSD is currently in an impulsive phase. The market is forming the impulsive major wave 'V'. As we can see from the chart above, the market has formed a bull flag, increasing the probability of this pair rising up to the estimated end of major wave 'V', which is at 2142.91. More
2023	EURUSD	GBPUSD	USDJPY
04 August	Hold onto buy orders EURUSD is likely to turn bullish. The price is currently situated within a major zone, specifically a support zone at 1.0917. As evident from the chart, this zone corresponds to our major outer wave 'IV'. We anticipate a bullish movement for EURUSD and expect the market to surge upward. Our first t More	Waiting for buy positions GBPUSD is currently exhibiting a bullish trend. The market is presently situated within a significant zone of support. This zone aligns with our major impulsive wave 'IV'. Anticipating a rise from this major wave 'IV', we project the market to ascend up to 1.3781, which represents the furthest poin More	Holding onto buy positions USDJPY is still in an uptrend and currently experiencing an impulsive phase. As indicated by the chart above, the market is presently shaping the major outer wave 'V', with our target set at 149.25. We anticipate the market's upward trajectory to persist, aiming for the 149.25 level. This zone is w More
03 August	We're long for now	We're short for a short time	We're short
02 August	Wait	Waiting to buy GBPUSD	We're long for now
01 August	Wait	We're on the sidelines	We're buyers for now
31 July	Wait	We're short for now	Wait

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: