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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

2019	EURUSD	GBPUSD	USDJPY
11 January	As long as the price remains above 1.1450 we expect a possible momentum to the upper trendline. Wave Analysis Despite the previous forecast that this pair could rally to the lowerside, Euro pulled back to the upperside and is still above the level 1.1450. As we mentioned previously, while the price remains above the level 1.1450, we expect a possible rally to the upperside towards the upper t More	wait Wave Analysis Nothing much has changed on this pair, the cable is still rallying abound 1.2863. While the price is above the level 1.2724, we're within our sellers territory, but in case the current week's candle close below 1.2724, then We recommend looking for a long term short position towards 1 More	Wait Wave Analysis According to the weekly chart attached, the US Dollar is currently below a significant weekly support level 108.53. This is a key level and unless the price close below it, we choose to remain on the sidelines. Our expectations is that the price should close above this level to pick More
10 January	Wait	Wait	We're short with an ultimate target at 105.50.
09 January	We're looking for a sell position now towards 1.0521.	Look for a sell position now towards 1.2156.	Sell a bounce from the immediate trendline with your first take profit at 108.55.
08 January	Sell Euro now, and have your take profit at 1.0542.	Sell The cable now, and have your stoploss above last week's highest high, and take profit at 1.2156.	wait
07 January	Place a pending sell limit order within the zone 1.1594-1.1465 with your take profit at 1.0461.	We're looking for a sell from within 1.2788-1.2745 towards 1.2482.	Wait

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Elliott waves analysis

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