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

04 - 08 May	weekly forecast 04 - 08 May SPX500 Gaining NQ100 Weekly Review Wave Analysis NASDAQ-100 index has gained almost 90% the value it lost earlier this week, we are expecting a possible break out above the recent highest high to pick a long term buy position with an ultimate target around 10,000.00. The anticipated bullish price rally i More
2020	EURUSD	GBPUSD	USDJPY
08 May	Remain short with an ultimate target around 1.03405. Wave Analysis After the previous day's pullback,we are yet to see any clear moves to the lower side, we expect further momentum to the lower side especially during the coming week, As it is now, I recommend looking for long term sell orders with an ultimate target at 1.03405, the anticipated beari More	Remain short towards 1.21650. Wave Analysis During this week, the cable moved to the lower side and is still pretty much bearish both on the daily and on the weekly charts. We expect further momentum to the lower side and should not go beyond 1.21650. A bounce from this target will be a good place to consider a long term buy w More	Expect a possible momentum towards 105.353-104.993. Wave Analysis Yesterday, the Us dollar closed as a possible bearish pin bar, while the price is below 107.130, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) to the lower side and should break below 105 More
07 May	Remain short towards 1.03405.	Remain long with your target at 1.24860.	At this point, we expect a possible momentum towards 105.353.
06 May	Remain short with an ultimate target at 1.08020.	Sell a break below 1.23985 towards 1.22.	Wait for a sell from 106.515.
05 May	Place a pending sell limit order around 1.09327 with your take profit at 1.08080.	Wait for a sell around 1.25027.	Remain short towards 106.305.
04 May	Wait for a sell from 1.09729.	Remain short with your target at 1.22495.	Wait

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: