Picture of the author

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.

Elliott waves analysis

03 - 07
May
weekly
forecast
03 - 07
May

WTI Weekly Review  Wave Analysis During the previous trading week, WTI rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is now, we are waiting for a possible breakout above 66.585 to pick a possible long term buy position. The antic

2021 EURUSD GBPUSD USDJPY
07
May

Wave Analysis During the previous trading day, Euro rallied to the lowerside and is still pretty much bearish. As it is now, we expect nothing but a possible momentum to the lowerside. As we mentioned during the previous trading day, we are looking for nothing but a possible momentum to the lowers

Wave Analysis Earlier today, the British pound rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is now, we are waiting for a clear breakout above 1.40067 will move the price to the upperside. The anticipated bullish price rally is the cont

Wave Analysis Earlier today, the US Dollar gapped below 109.325 and is still pretty much below this level/ This is perfectly in line with what we said during the previous trading day. As it is now, we are looking for further momentum to the lowerside and should breakout below 107.775. The anticipa

06
May
05
May
04
May
03
May
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .