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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

12 - 16 December	weekly forecast 12 - 16 December Weekly Review Dow weekly Review Wave Analysis: After breaking above the upper trendline, the Dow rallied to the upperside and even attempted to break above 34195 but could not break and close above it. As it is right now, I am waiting for a rebound from the level 34195 to pick a possible long term sell More
2022	EURUSD	GBPUSD	USDJPY
16 December	We're buyers towards 1.2. Wave Analysis: During the previous trading day, Euro rallied to the lowerside but is still above 1.06218. As long as the price remains above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) More	We're waiting to buy a round from 1.21557 towards 1.24. Wave Analysis: During the previous trading day, the British pound rallied to the lowerside instead of moving up to the upperside. The current bearish price rally is a corrective wave cycle and may see the price rally towards 1.21555 and may rally to the lowerside with the next ideal target set arou More	We're sellers towards 134.78 Wave Analysis: During the previous trading day, the US Dollar rallied to the upperside but is still below the level 138.229 and may likely rebound from 138.229. As long as the price remains below this level, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price ra More
15 December	We're buyers for now.	We're buyers towards 1.26.	Keep looking for low risk sell positions towards 120.90.
14 December	We're buyers towards 1.21.	We're buyers towards 1.23.	We're sellers towards 130.90.
13 December	Wait	Wait	We're expecting a rebound from 138.229 to pick a sell position towards 133.700
12 December	Wait	We're waiting for a rebound from 1.21557 to pick a buy position.	We're waiting for a sell from 138.229.

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Elliott waves analysis

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