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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

23 - 27 August	weekly forecast 23 - 27 August Weekly Review SPX500 Weekly Review Wave Analysis SPX500 is currently in an active up trend. As long as the price remains above the Alligator indicator's black line, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the last impulsive w More
2021	EURUSD	GBPUSD	USDJPY
27 August	Wait Wave Analysis Despite the previous day's rally to the lowerside, Euro is still pretty much bullish. As it is right now, we expect nothing but a possible momentum to the upperside. We're actually looking for a possible long term buy position towards the level 1.18070 and may extend much higher to More	We're sellers towards 1.36173. Wave Analysis Just as in Euro, the British pound continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the previous day's highest high, we expect nothing but a possible momentum to the upperside, the anticipated More	We're buyers towards 112.00 Wave Analysis The Us dollar continues to rally to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is right now, we are expecting the price to continue to the upperside especially if the price can break above the previous day's highest high. If this i More
26 August	We're long towards the upper trendline.	We're buyers towards 1.37974	We're buyers towards 110.761
25 August	We're buyers towards 1.1815	We're buyers towards 1..40190	We're sellers towards 109.197.
24 August	We're buyers	We're buyers towards 1.38.	We're sellers towards 109.009
23 August	We're sellers towards 1.13025.	We're waiting for a buy from 1.33160 towards 1.43831.	We're long towards 112.90.

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Elliott waves analysis

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