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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

09 - 13 January	weekly forecast 09 - 13 January Weekly Review SPX500 Weekly Review Wave Analysis During the previous trading day, the SPX500 rallied to the upperside and is now above 3892.0. As long as the price remains above this level, I expect nothing but a possible momentum to the upperside. The idea on this chart is to keep looking for lon More
2023	EURUSD	GBPUSD	USDJPY
13 January	We're long Wave Analysis EURUSD has been on an uptrend for the last few days just as we had anticipated and I expect this to continue. The market is yet to complete the impulsive V wave pattern. The market is currently at 1.08696. I expect this move to end at 1.11071 which is likely to be the end of the impu More	We're sellers Wave Analyisis The market is currently at Major wave V 1.22358, it has competed forming the impulsive V wave pattern. Now we expect the market to move to the downside in form of a minor corrective 3-wave pattern. The market has also formed a double top at Major wave V this is a sign that buyers ar More	We're sellers Wave Analyisis USDJPY is on a strong downtrend, the market has completed forming the impulsive V waves pattern and is currently correcting in the III wave pattern, the price is at minor corrective wave b,129.128, as of now. I expect the market to push to the upside to complete the minor corrective More
12 January	Wait	Place a sell order at 121478 with your stop loss at 121634 at the take profit at 1.21161.	Place the sell order with your take profit at 1.28561 and stop loss at 1.32235.
11 January	We're buyers	Trade Recommendation: We're buyers	We're short
10 January	We're sellers	Wait for sell orders	Wait
09 January	Wait	Wait	We're sellers

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Elliott waves analysis

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