Picture of the author

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.

Elliott waves analysis

31 January - 04
February
weekly
forecast
31 January - 04
February

WTI Weekly Review  Wave Analysis During the previous trading week, Brent oil rallied to the upperside and is now above the upper resistance zone 83.33. While the pricee remains above this level, I expect nothing but a possible momentum to the upperside, the anticipated bullish price rally i

2022 EURUSD GBPUSD USDJPY
04
February

Wave Analysis: This pair is in a corrective wave cycle, the price is currently on the upper trendline, we are waiting for a rebound from the upper trendline towards the lower side, we expect the current candle to close below 1.1469,in order to pick sell positions towards 1.0910,on the flipside shou

Wave Analysis: Yesterday the Great British Pound bounced off from the lower trendline and is currently headed upwards in line with the upward trend,if you are at this chat right now look for low risk short term buys towards the upper trendline,we expect the price to continue upto 1.3660 in compliti

Wave Analysis: Previously the US Dollar rallied to the lower side but the price is currently headed upwards after a rebound from the lower trendline,as it is now we expect strong bullish momentum towards 116.20.if you are looking at this pair right now we are buyers with our first target at 116.20

03
February
02
February
01
February
31
January
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .