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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

04 - 08 April	weekly forecast 04 - 08 April Weekly Review Natural Gas Weekly Review Wave Analysis: During the previous trading week, The Natural gas continued to the upperside and is showing signs of sustaining itself above the 61.8% fib level. As it is now, I expect the price to pullback towards 61.6% fib level to give us a good place to lo More
2022	EURUSD	GBPUSD	USDJPY
08 April	We are sellers towards 1.0805. Wave Analysis: The Euro is currently trading in a contracting wedge formation.During the previous trading days,the price rallied to the lower trendline in continuation of the impulsive wave cycle three,the price rebonded to the upper trendline again in a corrective wave cycle four.Currently the pr More	We are on the sidelines. Wave Analysis: This pair is currently on a downtrend, the price has been rallying to the lower side.Recently the price bounced off from the upper trendline at the corrective wave cycle four towards the lower side in continuation of the impulsive wave cycle five. As at now,the price is around the l More	Wait. Wave Analysis: The US Dollar is currently on an uptrend.Previously the price rebounded from the lower trendline at the corrective wave cycle four towards the upper trendline in continuation ot the impulsive wave cycle five.Right now the price is on the lower trendline,I expect a rebound to the upp More
07 April	Wait.	We are sellers.	We are short term sellers.
06 April	We are sellers towards 1.0831.	We are buyers towards 1.3160.	We are short term sellers towards 121.57.
05 April	We are buyers.	We are buyers towards 1.3410.	We are buyers towards 124.10.
04 April	We are buyers towards 1.1265.	We are buyers towards 1.3390.	We are buyers.

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Elliott waves analysis

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