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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

30 November - 04 December	weekly forecast 30 November - 04 December Weekly Review DAX30 Weekly Review Wave Analysis After a spike to the lower side late last month, DAX30 has gained almost 100% the amount it lost last month, we expect further momentum to the upper side. The anticipated bullish price rally to be the continuation of the impulsive wave cycle and could see More
2020	EURUSD	GBPUSD	USDJPY
04 December	Wait for a pullback to pick a buy position. Wave Analysis Earlier this month, Euro rallied sharply to the upperside and even closed above the level 1.19334. While we continue to see sustenance above 1.19334, we are looking for possible long term buy position towards 1.234 and may breakout much higher towards 1.23545. What may happen on this More	Remain long for now. Wave Analysis The British pound 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 (v) to the upperside an More	Sell a rebound from the upper trendline towards 102.670. Wave Analysis The Us dollar is currently approaching a daily support level 103.689. As long as the price is not able to close below this level, we expecting a possible rally to the upperside but should not go beyond the upper trendline. The idea is not to buy this pair, rather, I want to see a reb More
03 December	Remain long towards 1.2345.	Remain long towards 1.34645	Expect a possible a possible rally towards the lower trendline.
02 December	Remain long towards 1.22.	Sell a rebound from 1.34540.	Wait for a sell from the upper trendline.
01 December	Buy a rebound from the lower trendline towards 1.20240.	As long as the price remains below the zone 1.34148-1.33386 we recommend looking for long term sell positions.	Sell a break below 103.910 with an ultimate target atv 102.605.
30 November	Place a pending buy limit order around 1.19285 with the take profit at 1.20560.	Sell The British pound towards 50.0% fib level.	Buy Us dollar towards the upper trendline.

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Elliott waves analysis

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