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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

31 October - 04 November	weekly forecast 31 October - 04 November Sell Dow Dow Weekly Review Wave Analysis: Ealier this week, Dow bounced off from the zone 32964, and is currently heading to the lowerside. As it is right now, we are looking forward to a possible sell towards 32219, and may likley break and close below it, on this chart, I looking forward for a po More
2022	EURUSD	GBPUSD	USDJPY
04 November	We're sellers towards 0.96. Wave Analysis Euro is currently rallying in a bearish manner. Following the previous day's Crash, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last two impulsive waves 5 and (c) and will likely see the price accelerate t More	We're sellers towards 1.10588. Wave Analysis: During the previous trading day, the British pound rallied to the lowerside and is still pretty much bearish both on the daily and on the weekly charts, as it is right now, I expect nothing butt a possible momentum to the lowerside. This is the continuation of the previous correction More	We're watching for a sell from 148.293. Wave Analysis On the 1 hour chart attached, the US Dollar is approaching a significant resistance level 148.293, this is a good level and while the price does not close above it, we are waiting for a rebound from it to pick a possible long term sell position back towards 147.292, if this level is More
03 November	We're sellers towards 0.96.	We're sellers towards 1.12	Wait
02 November	Wait and sell a break below 0.98577 towards 0.97090.	We're on the sidelines for now expecting a bullish rally towards the previous week's highest high	We're buyers towards 148.393.
01 November	Waiting for a potential buy signal towards 1.0108.	We're buyers towards 1.16620.	We're on the sidelines for now.
31 October	We're sellers towards 0.98070	We're sellers towards 1.12625	We're long towards 149.392

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Elliott waves analysis

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