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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

01 - 05 April	weekly forecast 01 - 05 April Sell Motorolla shares temporarily Ford Weekly Review Wave Analysis Ford shares is currently trading within a contracting wedge formation. Just recently, the price of this share touched the upper resistive trendline but failed to close higher. As long as the price remains capped by this trendline, we're expect further loss More
2019	EURUSD	GBPUSD	USDJPY
05 April	Wait Wave Analysis Euro went below the monthly support 1.12230 and is still pretty much below this level. The close below 1.12230 is a possible sign that we're short, but instead of looking for a sell positions, we're waiting for a possible corrections even higher to pick low risk sell orders with our t More	Our sellers are around 1.3315 Wave Analysis During the previous trading day, the cable failed to reach our target sell point set at 1.3315. As long as the price remains below 1.33015, we're looking for a possible long term sell towards the level 1.26781. A Conservative approach is not to look for a sell now, rather wait for a p More	Remain long towards 114.32. Wave Analysis Yesterday, the US Dollar rose tremendously, and is still pretty much bullish both on the daily and the weekly charts. As we mentioned in our previous forecast, while the price is still shielded on the upperside by the weekly support level 110.836, we're upwards. The anticipated bullis More
04 April	On the sidelines	Place a pending sell limit at 1.33015 with your take profit at 1.33015.	Wait for a retracement towards 110.0 to pick a buy order.
03 April	We're short as long as the price is below 1.12230.	Expect a possible rally towards 1.33015.	Wait for a rebuy from 110.916 to pick a low risk buy.
02 April	As long as the price remains below 1.12230, we're short towards 1.07330.	We're short from 1.33015 with our take profit at 1.26781.	Rebuy the US Dollar from 110.836 with your take profit at 114.393.
01 April	wait	We're short towards 1.26781.	Wait

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Elliott waves analysis

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