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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

05 - 09 April	weekly forecast 05 - 09 April Weekly Review Gold weekly Review Wave Analysis As long as the price remains below the Alligator indicator attached, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (c) to the lowerside and should breakout below 1 More
2021	EURUSD	GBPUSD	USDJPY
11 April
11 April	We're waiting for a possible buy from 38.2% fib level towards 1.2425. Wave Analysis Since the beginning of this week, Euro has been in a correction mode but could not go beyond 38.2% fib level. While the price remains above this fib level, we are looking for further momentum to the upperside and should breakout above 23.6% fib level and could rally much higher towards 1.2425 and could breakout much higher. On the flipside, should the price breakout below 38.2% fib
09 April	wait	We're still buyers towards 1.40	Waiting for a buy
08 April	Wait for sell signals around 50.0% fib level.	Wait for a possible buy from around 1.36310 towards 1.41980.	Buy a rebound from the upper trendline towards 114.101.
07 April	Wait for a possible sell from around 38.2% fib level with an ultimate target at 1.16242.	Expect a possible sell position from 1.37930 towards 1.35500.	On the sidelines.
06 April	Expect further bullish correction towards 1.18342.	Expect further momentum to the upperside towards 1.41980.	Wait.
05 April	We're expecting further momentum towads 1.16242.	Wait	We're buyers towards 114.103.

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Elliott waves analysis

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