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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

06 - 10 May	weekly forecast 06 - 10 May Buy Barclays bank shares Ford weekly review Wave Analysis: The close of the previous week saw For shares make very little move to the upperside. As long as the price of this share remains above $9.50, we expect nothing but a possible move to the upperside. We expect the shares of this company to pick momentum to the upp More
2019	EURUSD	GBPUSD	USDJPY
10 May	We're short towards 1.06220. Wave Anaysis: During the previous trading day, euro pulled back to the upperside but is still very much bearish both on the daily and the weekly charts. As long as the price is still contained below the upper trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bea More	Sell the cable from the upper trendline, or below 1.29630. Wave Analysis Yesterday, the cable pulled back to the upperside but failed to rise above 1.1040-1.30341, as long as the price remains below this level and also below the upper resistive trendline, we expect a possible steep decline towards 1.29505, the idea is to wait for a possible pullback to the More	We're loooking for a low risk buy order. Wave Analysis During the previous trading day, the US Dollar bounced off from the daily support level 109.734 and is still pretty much above this level. As long as the price is contained above this level, we expect nothing but a possible momentum to the upper side. If you're a bit skeptic to pick t More
09 May	We're short towards 1.06220.	Buy a bounce from 1.29910	Wait
08 May	We're downwards	We're sellers	Expect sellers to dominate today
07 May	Expect sellers to come in from 1.12470	Place a pending buy limit order around 1.30895.	Expect sellers to dominate following Monday's bearish gap.
06 May	Resell euro from 1.12150 towards 1.10720.	Buy the cable from 1.30924.	Sell the US Dolar from 111.010

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Elliott waves analysis

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