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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

11 - 15 April	weekly forecast 11 - 15 April Weekly Review CAC40 Weeky Review wave Analysis Last week, nothing much happened on this pair, CAC40 is currently below the zone 6690.3-6636.0. While the price remains below this zone, I expect nothing but a possible momentum to the lowerside. This is the continuation of a correction to the lowerside and More
2022	EURUSD	GBPUSD	USDJPY
15 April	We are sellers. Wave Analysis: The Euro is currently trading in an expanding wedge formation,the price bounced off from the impulsive wave cycle three at the lower trendline towards the upper side at the corrective wave cycle four.As at now,the price is rebounding to the lower side and I expect it to continue upt More	We are sellers towards 1.2975. Wave Analysis: During the previous trading days,the price rallied to the lower side massively but it eventually rebounded to the upper side in continuation of the corrective wave cycle four.Currently the price is rallying to the lower side, I expect a further bearish momentum towards 1.2975 or eve More	We are buyers. Wave Analysis: The US Dollar has been rallying above the resistance zone 12487-124.69.During the previous trading day,the price bounced off from the upper trendline to the lower trendline in continuation of the impulsive wave cycle four,currently the price is ralling to the upper side,I expect it More
14 April	We are on the sidelines.	We are sellers towards 1.2925.	We are buyers.
13 April	We are on the sidelines.	Wait.	Wait.
12 April	We are sellers towards 1.0725.	We are on the sidelines.	Wait.
11 April	We are sellers towards 1.0835.	We are sellers.	Wait.

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Elliott waves analysis

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