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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

22 - 26 August	weekly forecast 22 - 26 August Sell Brent Oil Brent Oil Weekly Analysis: Wave Analysis: During the previous trading day, Nothing much happened on Brent oil, we saw a rally to the lowerside and we are still seeing signs that the price may continue much lower. On this chart, we expect nothing but a possible momentum much lower. The idea More
2022	EURUSD	GBPUSD	USDJPY
26 August	We're sellers towards 0.97746. Wave Analysis: Just as GBPUSD, EURUSD has not shown any signs of continuing to the lowerside despite the previous forecast. As it is right now, I am looking for low risk sell positions expecting a possible breakout below 0.97746 and will push the price much lower. On this chart, we are looking for More	We're looking for low risk sell positions towards 1.15 or even lower. Wave Analysis: Since the previous day's analysis, the British pound has not shown any clear moves to the lowerside. As it is on the daily chart attached, we are still waiting for a pullback towards 23.6% fib level to pick a possible long term sell position, or the price should break below 1.17872 t More	Wait Wave Analysis: Nothing much appears to be happening on this chart, the US Dollar is still rallying within a range, not giving clear directions. Basically, we are looking for a continuation of the impulsive wave (c) to the lowerside and may see the price break and close below 128.138 or even lower. More
25 August	We're sellers towards 0.98	We're sellers towards 1.15.	We're sellers towards 128.90
24 August	We're sellers towards 0.8.	We're sellers.	Wait
23 August	We're sellers	We're sellers towards 1.17060	We're buyers towards 140.90
22 August	We're looking for sell positions towards 0.96310	We're sellers	We're waiting for sell positions from 138.230 towards 129.050.

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Elliott waves analysis

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