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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

05 - 09 December	weekly forecast 05 - 09 December Weekly Review Gold Weekly Review Wave Analysis Gold is currently trading with a bullish bias momentum. As long as the price remains above the zone 1801.41-1790.00, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impuls More
2022	EURUSD	GBPUSD	USDJPY
09 December	We're buyers towards 1.09. Wave analysis Euro continues to rally to the upperside and is showing signs of breaking above 1.06. If the price breaks and closes above this level, then we expect nothing but a possible momentum to the upperside, The anticipated bullish price rally is the continuation of the last impulsive wave ( More	We're buyers towards 1.23. Wave Analysis: The British pound continues to rally above 1.21557. As long as the price remains above this level, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to thee upperside and will see the pri More	We're sellers towards 132.545. Wave Analysis Except for the bullish pullback seen earlier this week, nothing much has happened on the US Dollar. While the price remains below 138.229, this remains to be a good place to consider a possible long term sell position, the idea on this chart is to keep looking for low risk sell posit More
08 December	We're buyers towards 1.06.	We're on a bullish trend towards 1.23.	We're waiting for sell signals.
07 December	We're waiting for a buy from around 1.03899-103565.	We're waiting for a possible buy signal around 1.215	We're sellers from 138.229 towards 132.546
06 December	We're waiting for a buy around 1.03899-1.03563 towards 1.06378		We're waiting for a sell from around 138.229.
05 December	We're buyers towards 1.077.	We're buyers towards 1.33.	We're sellers.

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Elliott waves analysis

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