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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 September - 04 October	weekly forecast 30 September - 04 October Weekly Review Silver in A corrective mode Wave Analysis During the previous week, the impulsive wave (c) continued massively to the lowerside and is still pretty much bearish both on the daily and the 4 hours chart. We're expecting a possible break below the 17.220 to pick a long term sell. The anticipated b More
2019	EURUSD	GBPUSD	USDJPY
04 October	Waiting for a possibly buy order from 1.09590. Wave Analysis During the previous trading day, Euro rose significantly to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above 1.09590, we expect nothing but a possible momentum, to the upperside. The anticipated bullish price More	Rebuy the cable from 1.23273-1.23177 with an utimate target at 1.24945. Wave Analysis During the previous trading day, the cable moved massively to the upper side and even went above 1.23177-1.23273 and is still pretty much above this level. As long as the price is contained above this zone I expect nothing but a possible momentum towards 1.24945. And on the flip side, More	Sell the US Dollar towards 105.21. Wave Analysis The US Dollar continues to make lower lows perfectly as previously forecasted and is still pretty much bearish both on the daily and on the weekly charts. If the price can break below the previous day's lowest low, then this will mean we're continuing to the lowerside. The anticipated More
03 October	Waiting for a sell from 1.09890.	Wait for a bounce from 1.23310 to pick a low risk sell order.	Waiting for a possible sell from 107.700.
02 October	EURUSD. Waiting for low risk sell opportunities	waiting for low risk sell opportunities	Resell USDJPY from 107.740.
01 October	Resell a correction towards 1.09095.	Sell a break below 1.22791.	Look for low risk buy orders
30 September	Look for a sell towards 1.09105.	Sell a break below Friday's lowest low.	Buy the US Dollar towards 108.255.

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Elliott waves analysis

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