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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

16 - 20 January	weekly forecast 16 - 20 January Weekly Review US500 Weekly review a Wave Analysis US500 having completed forming the impulsive V wave pattern the market is currently forming a minor corrective 3-wave pattern to the downside. From 1365.9 to 008.6 the market formed an ascending channel. Ascending channels always signal price reversal to More
2023	EURUSD	GBPUSD	USDJPY
20 January	We're sellers Wave Analysis EURUSD has completed forming the major V wave pattern. The market is currently forming a minor corrective 3 waves pattern. At 1.08374, which is our minor corrective wave a, the market has formed a double top, this is a sign that the market will sell. I expect the market to push down f More	We're buyers Wave Analysis GBPUSD is on an uptrend the market is yet to finish forming the impulsive V waves pattern the market is currently at 1.23960. From 1.21941 to where the market is now,1.23960, the market has been moving in the form of rising channels, this signals a price reversal to the downside. I e More	We're buyers Wave Analysis USDJPY is currently forming the minor corrective 3 waves pattern, the market hit the major wave V at 127.238 which marked the end of the major impulsive wave. At 127.949, which is also our minor corrective wave b the market has formed a double bottom, This indicates a buy signal. I e More
19 January	Wait for a rebound from 1.07217 to pick a buy.	We're sellers as long as the price remains below 1.234456.	We're waiting to buy a rebound from 127.400.
18 January	We're waiting for a buy from around 1.07118	We're buyers towards 1.24.	Wait
17 January	We're sellers for now	We're short towards 1.16	We may be headed for a long towards the upper trendline.
16 January	Wait	Wait	We're sellers

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Elliott waves analysis

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