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

15 - 19 May	weekly forecast 15 - 19 May Weekly Review SPX500 Weekly Review The SP500 is currently in a corrective phase, following the ABC corrective pattern. The market is currently forming the corrective minor wave c. By observing the chart above, it is evident that the market has formed an expanding wedge pattern from minor wave a at 4147.1 to m More
2023	EURUSD	GBPUSD	USDJPY
19 May	We're long EURUSD has completed the formation of the impulsive wave pattern. The market is currently at the level of the major impulsive wave (V) at 1.0761. Over the past few days, the general trend of this pair has been bearish, as evidenced by the chart displaying lower lows and lower highs. Additionally, a More	We're buyers for now GBPUSD has exhibited a bearish trend for the majority of this week. However, there are indications that the trend is shifting, as the market has completed the formation of the bearish impulsive (V) wave pattern. We now anticipate a bullish ABC corrective pattern to follow. The current price is situ More	We're sellers USDJPY is currently in the midst of the major impulsive wave (V), indicating the completion of the impulsive (V) wave pattern. The next phase we anticipate is the formation of a corrective phase known as the ABC corrective pattern. From the beginning of the major/outer impulsive wave (I) at 133.74 More
18 May	We're buyers for now	Buy GBPUSD now	We're short
17 May	We're short	We're short for now	We're short
16 May	Wait	We're short	We're sellers
15 May	We're short	We're short	We're short

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: