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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

11 - 15 May	weekly forecast 11 - 15 May Buy Gold alongside silver Gold Weekly Review Wave Analysis Gold is currently consolidating in an upward manner, according to the average true range indicator attached, we are basically waiting for a break out to pick a good trading, if the Main handle for the ADX can break above the 25 mark, then this will be a goo More
2020	EURUSD	GBPUSD	USDJPY
15 May	Look for buy positions towards the upper trendline. Wave Analysis During the previous trading day, Euro bounced off from the supportive trend line, headed to the upper side and is still pretty much bullish both on the daily and on the weekly Charts, while the price is held above the supportive trend line, we expect nothing but a possible momentum t More	We are short for now. with our target around 1.21345. Wave Analysis During the previous trading day, the corrective wave (iv) continued to the upper side but could not go above 1.22345. We expect this bounce to be the end of the corrective wave (iv) that the current bearish price price rally is the continuation of both impulsive waves (v) and [c] and More	We're short from 107.390 towards 104.770. Wave Analysis Few day's ago the us Dollar bounced off from the upper trendline, headed to the lowerside and is still pretty much bearish on the daily chart, we are waiting for a clear bounce from the upper trendline to sell the last impulsive wave (E) to the lowerside and should break below 105.61 More
14 May	Wait	Remain short with an ultimate target around 1.20.	Remain short towards 105.820.
13 May	Remain short with your target at 1.08105.	Remain short.	Remain short towards 105.820.
12 May	Buy a bounce from the supportive trendline.	Wait	Remain long towards the previous day's highest high 107.795.
11 May	Buy a bounce from the lower trendline towards 1.09260.	Expect a possible momentum towards the upper trendline.	Sell a bounce from 107.202-107.068 to pick a sell towards 106.035.

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Elliott waves analysis

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