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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

07 - 11 September	weekly forecast 07 - 11 September Sell Gold for short term Gold weekly review Wave Analysis During the previous week, nothing much has happened on Gold. Gold markets continued to the lowerside and even went below the supportive trendline. As long as the price remains below the supportive trendline, we expect nothing but a possible momentum to the lowe More
2020	EURUSD	GBPUSD	USDJPY
11 September	Look for sell positions towards 1.10770. Wave Analysis During the previous trading day, Euro closed as a perfect bearish pin bar below the supportive trend line. As long as the price remains below the supportive trendline, we expect nothing but a possible momentum to the lower side. The anticipated bearish price rally is the continuation More	Wait for a correction to pick a low risk sell position. Wave Analysis During the previous trading day, the British pound continued to the lowerside and is still pretty much bearish both on then daily and on the weekly charts. On this chart, we are waiting for a clear bounce from the level 1.30200 to pick a possible long term sell position. The anticipa More	Wait Wave Analysis Currently, the Us Dollar is consolidating in an upward manner. As it is now, we are waiting for a clear bounce from the upper trendline to pick a low risk sell position towards 106.023. If the price breaks and closes above the upper trendline, then we expect further momentum to the u More
10 September	Look for low risk sell positions towards 1.16795.	Wait for a sell from around 1.30490.	Sell a bounce from the upper trendline towards 104.200.
09 September	Remain short.	Remain short.	Sell a rebound from around the upper trendline.
08 September	Expect further momentum to the lowerside.	Remain short	Sell a rebound from 61.8% fib level.
07 September	Look for sell positions	Wait	Look for sell position from the upper trendline

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Elliott waves analysis

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