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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.

Elliott waves analysis

28 January - 01
February
weekly
forecast
28 January - 01
February

Barclays Bank Weekly Review Wave Analysis The whole of the year 2018 saw Barclays back shares loose value up to 7.25 dollars per share. Ealier this year, the shares of this bank rose tremendously to the high of 8.70 but ended up closing below 8.60. As it is on the daily chart attached, the value

2019 EURUSD GBPUSD USDJPY
01
February

Wave Analysis Euro is currently trading in an increasing bearish bias momentum. We expected a possible rally towards the upper trendline but as its appears, euro is gaining a momentum to the lower side. We're eyeing a possible break below 1.13200 to pick a long term sell, however, in case the price

Wave Analysis On the daily chart attached, nothing much has happened, the cable is still around the place where it opened the previous trading day. We expect the bounce from 1.3015 to have marked an end to the corrective wave (iv) that the current rally to the upper side is the continuation of t

Wave Analysis According to the weekly chart above, we're seeing two key levels at 108.547 and 114.027. As long as the price remains within this range, we expect a possible reversal from the lower support to pick a long term buy order towards 114.023. and should price break below 108.587, then this

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