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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

30 May - 03 June	weekly forecast 30 May - 03 June Weekly Review German Stock's Index Weekly Outlook: Wave Analysis: During the previous trading day, the German stock's index ended up closing as slightly bullish indicison candle. As long as the price does not clearly break and close above the upper trendline, we are expecting a possible rebound from the imme More
30 May - 03 June	weekly forecast 30 May - 03 June Weekly Review German Stock's Index Weekly Outlook: Wave Analysis: During the previous trading day, the German stock's index ended up closing as slightly bullish indecision candle. As long as the price does not clearly break and close above the upper trendline, we are expecting a possible rebound from th More
2022	EURUSD	GBPUSD	USDJPY
03 June	We are long. Wave Analysis: Previously, the price broke above a key resistance level and headed upwards but later retraced back to the same level. Right now the price is rebounding from the resistance level at the lower trendline towards the upper side, I expect to see a further bullish momentum towards 1.0955 More	We are buyers towards 1.2855. Wave Analysis: During the previous trading days, the price rallied along the upper trendline for a while before bouncing off to the lower trendline at the corrective wave cycle four. Currently the price is on the lower trendline rallying towards the upper side. I expect a rebound towards 1.2855 ib More	We are long. Wave Analysis: This pair is currently trading in an expanding wedge formation, the price bounced off from the impulsive wave cycle three towards the lower side at the corrective wave cycle four, during the previous trading days. As at now, the price is on the lower trendline, I expect a further bu More
02 June	We are buyers towards 1.0670.	We are long towards 1.2555.	We are long.
01 June	Wait.	We are buyers towards 1.2775.	We are buyers.
31 May	We are on the sidelines.	We are sellers towards 1.0810.	We are sellers towards 126.95.
30 May	We are buyers towards 1.0855.	We are sellers towards 1.1820.	We are sellers.

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Elliott waves analysis

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