Main

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.

Subscribe to our RSS
Elliott waves analysis feed

Start
trading

OPEN
DEMO ACCOUNT

Elliott waves analysis

19 - 23 April	weekly forecast 19 - 23 April Weekly Review Dow Jones Weekly Review Wave Analysis #DJ130 is currently in an active up trend. This index continues to sustain itself above the three alligator lines, as it is now, we are looking for long term buy position expecting the price to rally much higher with the next target set at 35000.00. More
2021	EURUSD	GBPUSD	USDJPY
23 April	Wait Wave Analysis Earlier this week, Euro established a swing high around 1.20815. This is a key level and while the price does not clearly breakout and close beyond it, we are on the sidelines, we are waiting for a clear rejection from it to pick a possible sell position, or a breakout above it to m More	Wait for a resell from around 1.39136. Wave Analysis Yesterday, the British pound successfully sustained itself below 1.39136-1.38995. While we continue to see sustenance below this level, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave count and More	We're short with our target at 104.959. Wave Analysis Yesterday, the US Dollar continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. If you are looking at this chart now, keep looking for long term sell positions expecting the price to break below the blue alligator line towards 104.959 More
22 April	Stay on the sidelines	Remain short towards 1.37040.	Remain short towards 104.959.
21 April	You may wait and buy a rebound from 1.19837 towards 1.22165.	Remain short towards 1.38510.	We're bearish towards 104.959.
20 April	Wait and sell a rebound from the upper trendline towards 1.18543.	We are on the sidelines	We are likely to see a possible rally towards 104.959.
19 April	Wait and sell a rebound from 50.0% fib level towards 1.16242.	Expect further correction towards 50.0% fib level.	Look for long term buy positions towards 114.101.

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Elliott waves analysis

Our best awards: