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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

01 - 05 November	weekly forecast 01 - 05 November Weekly Review Brent Oil Weekly Review Wave Analysis During the previous trading month, The Brent oil rallied to the upper side and is still pretty much bullish both on the daily and on the weekly charts. As it is right now, we are looking for long term buy positions. If the price break above 82.735, the More
2021	EURUSD	GBPUSD	USDJPY
05 November	We're sellers. Wave Analysis: During the previous trading day, Euro rallied massively to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As it is right now, we are looking for a possible extension of the last impulsive wave count and could see the price break and close b More	We're sellers Wave Analysis: The British pound is currently in an active downtrend. As long as the price remains below the previous day's lowest low, we are sellers. The ideal situation on his chart is to watch for price around the previous candle's mid price to pick a possible long term sell position with an id More	We're sellers towards 112.90 Wave Analysis: Yesterday, the Us Dollar rallied to the lowerside and even ended up closing as a strong sell candle. As long as the price remains below the previous day's opening price, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuatio More
04 November	We're sellers towards 1.1525	We're waiting	We're watching for a break above 114.5 to pick a possible long term buy position.
03 November	We're sellers towards 1.14	We're sellers towards 1.33565	We're buyers towards 118.90
02 November	We're sellers from around 1.14	We're sellers towards 1.34101	We're temporarily sellers
01 November	We're sellers towards 1.07620.	We're buyers towards 1.39580.	We're buyers towards 118.90 or even higher.

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Elliott waves analysis

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