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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

28 February - 04 March	weekly forecast 28 February - 04 March Buy Gold Gold Weekly review During the previous week, Gold markets rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is right now, I expect nothing but a possible momentum to the upperside. basically, we are expeccting an extension of the last impu More
2022	EURUSD	GBPUSD	USDJPY
04 March	Wait. Wave Analysis: Previously the Euro rallied to the lower side for quite sometime before reaching the lower trendline.Right now the price is on the lower trendline at the ipulsive wave cycle five,we expect the price to break below the lower trendline clearly then continue further downwards.Should the More	We are sellers towards 1.3255. Wave Analysis: The Great British Pound has been trading between the upper and the lower trendline,during the previous trading hours the price bounced off from the upper trendline and the current anticipated bearish rally is expected to go upto the lower trendline around 1.3255 or even much lower i More	We are sellers towards 114.60. Wave Analysis: Previously this pair was on a downtrend, the current upward momentum is a correction of the previous impulsive wave count five.During the previous trading hours,the price tried breaking above the resistance zone (115.76-115.71) but it ended up closing below it.We expect a futher bea More
03 March	We are sellers.	Wait.	We are buyers from 115.65 towards 117.55.
02 March	We are buyers.	We are buyers towards 1.3925.	We are short.
01 March	Wait.	We are buyers towards 1.3670.	We are long with our ideal target at 116.15.
28 February	Wait.	We are buyers from 1.3343 towards 1.3975.	We are buyers.

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Elliott waves analysis

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