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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

16 - 20 April	weekly forecast 16 - 20 April German Stock Index heading to the upperside German Stocks Index Weekly Review: Wave Analysis Perfectly as previously forecasted during the beginning of this month, German stocks index have gained a considerable value and is still pretty much bullish both on the weekly and the monthly charts. As long as the price remains above the support More
2018	EURUSD	GBPUSD	USDJPY
20 April	Wait for a possible buy position around 1.2302 Wave Analysis During the previous trading day, euro declined steadily to the lower side but is still above the short term support level 1.23202. As long as the price does not clearly break below this level with a big red candle, we expect a momentum to the upper side. With the just mentioned upward More	Wait for a correction to the upperside Wave Analysis Yesterday, the cable shaded almost 95% the value it gained last week and is now below the weekly resistance level 1.42881. As long as the price remains below this level, we expect a possible rally to the lower side. We expect the previous drop in price to have been the unfolding of a More	As long as the price remains above 107.409, expect a rally towards 108.770. Wave Analysis Yesterday, the price went above the 4 hour resistance level 107.409 and is still rallying above it. As long as this level is not violated to the lower side, we expect a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave c More
19 April	Look for long positions towards 1.2365	Wait for a slight pullback towards 1.42881	Sell the US Dollar around 107.785
18 April	We're long towards 1.25285	Look for a low risk buy position towards 1.50075.	Conservative traders can wait for a break above 107.485
17 April	Remain long towards 1.25370.	Look for long positions towards 1.49540	Short towards 106.596.
16 April	You can pick a short position now	Look for a short position now	Look for short positions now

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Elliott waves analysis

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