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

02 - 06
January
weekly
forecast
02 - 06
January

Brent Oil Weekly Review    Wave Analysis During the previous trading day, the Brent oil continues to rally above 82.779 and is not showing signs of breaking and closing below it. As long as the price remains above 82.779, we expect nothing but a possible momentum to the upperside 

2023 EURUSD GBPUSD USDJPY
06
January

Wave Analysis EURUSD having competed the impulsive 5 wave pattern ,is currently correcting to the down side.the price has moved below the minor corrective wave a, this indicates that we're on a short downtrend, this is the right time to sell ,with a tight stop loss just above the minor corrective

Wave Analysis The GBUSD is correcting nicely to the downside, and I expect it to complete the corrective three-wave pattern. The market has already broken through the bottom of the minor corrective wave a. If you are already on a sell trade, I would recommend setting your take profit at 1.17410 and

Wave Analysis USDJPY has been in an uptrend for the last few days, but the market is yet to complete the impulsive 5-wave pattern. Currently, the market is in major wave "IV," and I expect an impulsive move to the upside. You can pace a buy order with your top loss just below the major wave IV, wh

04
January
03
January
02
January
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 .