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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

04 - 08 October	weekly forecast 04 - 08 October Buy BTC Now Bitcoin Weekly Review Wave Analysis Last week, we saw a surge in the price of Bitcoin but may breakout above the zone 51355.50. As it is right now, we're waiting for a breakout much higher and should break above 51355.50 and could continue much higher. The ultimate target is set arou More
2021	EURUSD	GBPUSD	USDJPY
08 October	We're sellers towards 1.14113. Wave Analysis Just as previously anticipated, Euro rallied to the lower side and is still showing signs of continuing even lower. If you are looking at this chart right now, I recommend you keep looking for low risk sell positions expecting the price to break below 1.14113 and may continue much lo More	We're waiting for a low risk sell position towards 1.34460. Wave Analysis During the previous day, the British pound pulled back to the upperside and ended up touching the previous day's highest high. However, the price ended up closing below it. As it is right now, we are looking forward to a possible rally to the lowerside and should break below 1.34460 More	We're buyers towards the upper trendline. Wave Analysis During the previous trading day, we saw a surge to the upperside, the US Dollar is still several points below the upper trendline. As it is right now, we are looking forwards to the continuation of the last impulsive wave (v) to the upperside and should breakout above the upper trend More
07 October	We're sellers towards 1.14113.	We're sellers towards 1.30065.	We're bullish towards the upper trendline.
06 October	We're looking for a possible long term buy position from around 1.09240 towards 1.26805	We're on the sidelines.	We're sellers towards 110.
05 October	We're waiting for a rebound from around 1.09240 to pick a low risk buy position towards 1.38515.	We're sellers temporarily	We're sellers towards the lower trendline.
04 October	We're waiting for a rebound from tthe immediate trendline to pick a low risk buy position towards 1.226805.	We're in a downttrend towards 1.20952.	Wait

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Elliott waves analysis

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