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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

2018	EURUSD	GBPUSD	USDJPY
14 December	Re-sell Euro from 1.13890 with an ultimate take profit at 1.04040. Wave Analysis During the previous trading day, Euro pulled back to the lower side and is still showing signs of heading even further to the lower side. As long as the price remains below 1.13970, we expect a steep decline towards the lower side supportive trend line, ideally, we're waiting for a cle More	Place a pending sell Limit order at 1.26810, and take profit at around 1.20. Wave Analysis the cable is still below the level 1.26810. And as we stated on our previous forecast, as long as the price is contained below this level, we're likely to see a steep decline towards 1.24405, The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lower More	Remain long with your take profit at 114.050. Wave Analysis The US Dollar continues to edge higher and us just a couple of pips from 114.060. We expect further momentum towards this level and should break even higher. The level 114.060 is a key daily level and any clear breakout above it will attract a long term long position. The anticipated b More
13 December	We're short from 1.13890 towards 1.12890.	We're short from 1.26810 towards 1.24405.	We're long towards 114.060.
12 December	Remain short with your first take profit at 1.11780.	Place a pending sell limit order at 1.26810.	We're long towards 114.00.
11 December	We're short below 1.13870.	Place a pending sell limit order at 1.2683 with your stop loss above 1.28783.	You could buy USDJPY above 114.080 with your take profit at 117.05.
10 December	Wait for a resell around 1.1420.	Sell a breakout below 1.2733 with your take profit at 1.2420.	Wait and buy the US Dollar towards 113.93.

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Elliott waves analysis

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