Main

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.

Subscribe to our RSS
Elliott waves analysis feed

Start
trading

OPEN
DEMO ACCOUNT

Elliott waves analysis

2018	EURUSD	GBPUSD	USDJPY
07 December	Sell a bounce from the upper trendline towards 1.04826. Wave Analysis Still nothing much happening on this pair. Euro is still below the resistance trendline. As long as the price is below this trendline and also below the level 1.3526, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of More	Wait for a clear break below 1.2764 to pick a long term short position towards 1.2100. Wave Analysis Just as in the euro, there's not much happening on the cable. We're waiting for a clear breakout below 1.2768 to confirm that we're short with an ultimate target at 1.2100. This downward rally is highly anticipated since the previous months candle was a perfect bearish candle and as l More	As long as the price is below 113.602, we recommend looking for short positions with your take profits along the supportive trendline Wave Analysis According to the current chart set up and structures, we're still waiting for a break above 113.603 to confirm that we're long with the first ideal target at 117.115. If the last target is broken, then further momentum to the upperside is expected with an ideal target at 124.130. This More
06 December	A good sell from 1.35262 towards 1.04826.	Only sell a break below 1.2768 with your take profit at 1.2100.	Buy a break above 113.70 with your take profit at 117.115
05 December	Sell euro from the immediate trendline towards 1.04626.	We're short below 1.2768 with our take profit at 1.2100.	Sell the US Dollar around 113.682
04 December	Sell euro from 1.35262 with your take profit at 1.04626.	Look for a sell position below 1.2768 with your take profit at 1.2100.	Buy the US Dollar above 113.677 towards 117.115.
03 December	We’re short from the upper trendline towards 1.04826.	We’re short towards 1.22157.	Buy the Us Dollar above 113.21 with your take profit at 117.115.

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company does not provide services in the "following countries"
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Elliott waves analysis

Our best awards: