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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

19 - 23 September	weekly forecast 19 - 23 September Weekly Review Gold Weekly Review Wave Analysis: On the 4 hours chart shown above, gold is currently in an active bearish momentum. As long as the price remains below the two moving averages, I am looking at nothing but a possible momentum to the lowerside. The anticipated bearish price rally More
2022	EURUSD	GBPUSD	USDJPY
23 September	We're sellers towards 0.98 Wave Analysis: Euro is currently heading to the lowerside. While the price remains below the three moving averages, I expect nothing but a possible momenytum to the lowerside. The anticipated bearish price rally is the continuation of the last iumpulsive wave (5) and should break below 0,98 and may More	We're sellers. Wave Analysis: The British pound is currently heading to the upperside. As long as the price remains below the three moving averages, I expect nothing but a possible momentum to the upperside. The anticipated bearish price rally is the continuation of an impulsive wave count and will see the price More	We're on the sidelines for now. Wave Analysis: Just as previously expected, the US Dollar rallied to the lowerside but failed to sustain itself below the 52 period moving average. This is a sign that the buyers could still be in control. As long as the price remains above this zone, I expect nothing but a possible momentum to the More
22 September	As long as the price remains below the level 0.98920 with our target set at 0.95.	We're sellers towards 1.1189.	We're buyers towards 148.90.
21 September	We're watching for a sell below the lower trendline towards 0.98410.	We're sellers towards 1.11.	We're buyers towards 148.90.
20 September	We're sellers towards 0.97300.	We're watching for a possible long term sell position towards 1.11.	We're buyers towards 148.90.
19 September	We're on the sidelines	We're waiting for a bullish correction to pick a possible low risk sell position towards 1.10	we're sellers for now towards 138.420.

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Elliott waves analysis

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