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

28 September - 02 October	weekly forecast 28 September - 02 October Weekly Review SPX500 Weekly Review Wave Analysis Few days ago, SPX500 established a swing high around 3594.0. We expect this rebound to have marked an end to the impulsive wave [c] that the current bearish price rally is the continuation of a corrective wave count and could see price break More
2020	EURUSD	GBPUSD	USDJPY
02 October	Waiting for a low risk sell position towards 50.0% fib level. Wave Analysis On this chart, we continue to see struggling below the upper trendline. While the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lowersi More	Remain long towards 1.29869. Wave Analysis Yesterday, the British pound rallied massively to the upperside after testing the lower trendline. We expect the rebound from around 50.0% fib level to have marked an end to the corrective wave (D) that the current move to the upperside is the continuation of the impulsive wave (E) t More	Remain short towards 103.974. Wave Analysis After bouncing off from the upper trendline, the US Dollar moved just a few pips to the lowerside and is still pretty much bearish. While we continue to see sustenance below the upper trendline, we expect nothing but a possible momentum to the lower side, the anticipated bearish pric More
01 October	Resell a bounce from the upper trendline	Resell a rebound from 1.30063 with your target at 1.26779.	Remain short towards the lower trendline.
30 September	Sell a bounce from the upper trendline towards 50.0% fib level.	Resell the british pound from around 1.30020 with an ultimate target around 1.26668.	Sell a rebound from around 106.100 with your target at 103.630.
29 September	Resell EURO from 23.6% fib level towards 50.0% fib level.	Look for low risk sell positions towards 1.24805.	Sell a rebound from around 105.740.
28 September	Remain short towards 38.2% fib level	Wait for a resell from 1.28085	With for a resell from around 38.2% fib level towards 103.950.

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: