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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

06 - 10 September	weekly forecast 06 - 10 September Weekly Review BTCUSD Weekly review For a few weeks now, Bitcoin has been on the gaining end. As long as the price remains above the previous week's highest high, we expect nothing but a possible momentum to the upper side, if your are looking at this chart right now, keep looking for low risk buy positions. T More
2021	EURUSD	GBPUSD	USDJPY
10 September	We're waiting for a rebound from 1.16744 to pick a possible long term buy position towards 1.18 Wave Analysis During the previous trading day, nothing much happened on this pair, we expected a possible rally to the lowerside, however, the price failed to continue any lower. As it is right now on chart attached, we expect a possible continuation of the corrective wave (b) to the lowerside but More	Wait Wave Analysis Currently, The British pound is within an widening wedge formation. Following the rebound from the lower trendline, the British pound continued to the upperside but is currently approaching a key resistance zone 1.40069-1.39012. If the price breaks above this zone, then further momen More	Wait and buy a rebound from the lower trendline. Wave Analysis: Currently the US Dollar is within a range, not going above the upper trendline or below the lower trendline. If the price breaks below the lower trendline, then further momentum to the lowerside is expected with an ideal target set around 107.550. If the price rebound from the lower More
09 September	We're looking for a possible long term sell position.	We're buyers towards 1.41We're buyers towards 1.41	We're sellers towards 108.585
08 September	We're sellers temporarily	Wait	We're buyers above the upper trendline.
07 September	We're waiting to buy a rebound from the lower trendline	We're buyers	We're buyers towards the upper trendline.
06 September	We're buyers	We;re buyers	We're buyers towards 110.90.

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Elliott waves analysis

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