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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

08 - 12 August	weekly forecast 08 - 12 August Weekly Review Brent Oil Weekly Review Wave Analysis: Last week, the Brent oil rallied to the lowerside and is currently around a significant supportive zone 92.552-85.500. As long as the price does not break and close blow this zone, we are watching for a possible rebound from this zone to pick a possib More
2022	EURUSD	GBPUSD	USDJPY
12 August	We're waiting for a sell from around 1.04040 and may extend much lower towards 0.96800. Wave Analysis: During the previous trading day, Euro continued to rally to the upperside and is still showing signs of continuing much higher. On this chart, buying,or holding onto a buy positions looks ideal and can safely be recommended. As it is now, on the monthly chart, we are looking for a co More	We're looking for buy positions towards 1.31920. Wave Analysis: On the monthly chart attached, the British pound is currently rallying to the upperside after a bounce from the monthly supportive zone shown above. We expect this bullish move to be an extension of a correction to the upperside and may see the price break above 1.27725 and may likey More	We're on the sidelines Wave Analysis: During the previous trading day, nothing much happened on the US Dollar, we are still waiting for price to give us a good bullish continuation signs so we can pick low risk buy positions with an ultimate target set at 140 and may likley continue much higher. On the otherside, should More
11 August	We're looking for a possible long term sell positions from 1.06197 towards 0.902832	We're on the sidelines.	Wait
10 August	We're sellers towards 0.9859.	We're waiting for a possible long term buy signal towards 1.43433	We're buyers towards 140.90
09 August	Wait for a sell from around 1.03550 towards 0.99820.	Wait	We're buyers towards 140.80
08 August	We're sellers with an ultimate target set at 0.89.	We're sellers from 1.22656 towards 1.18104	Watch for a possible sell around 135.766.

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Elliott waves analysis

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