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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

01 - 05
February
weekly
forecast
01 - 05
February

Gold Weekly Review Wave Analysis After establishing a swing high around 2100.40, Gold is currently pulling back to the lowerside. The current rally to the lowerside is a corrective wave count and could see price break and close below 1801.60 towards 1501.20. If you are looking at this chart, w

2021 EURUSD GBPUSD USDJPY
05
February

Wave Analysis Euro is currently in an active down trend. 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 last impulsive wave (v) to the lowerside and shoul

Wave Analysis During the previous trading day, our stops were triggered when the price closed above the upper trendline. We expect the rebound from 1.35650 to be an end to the last impulsive wave (v) that the current bullish price rally is the continuation of a corrective three wave cycle and could

Wave Analysis The US Dollar is currently in an active up trend. As long as the price remains above the alligator indicator attached, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside and sho

04
February
03
February
02
February
01
February
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