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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

21 - 25
May
weekly
forecast
21 - 25
May

Gas Weekly Review Wave Analysis After a rebound from the weekly support 2.567, Gas has been in a constant uptrend and is still pretty much bullish both on the weekly and the monthly charts. We expect the bounce from 2.567 to have marked the end of the impulsive wave (c) that the current upward r

2018 EURUSD GBPUSD USDJPY
25
May

Wave Analysis During the previous trading, euro pulled back to the upper side but is still below the 4 hour support level 1.17430. First the break below 1.17430 was a bearish dominance sign and as long as the price remains below this level, we expect a possible rally to the lower side. The anticipa

Wave Analysis Just as in the euro, the cable corrected itself slightly to the upper side but is still within our sellers territory. If you're went earlier this week, then its good to remain short in this pair, however, if not, then wait for a break below 1.33516 to confirm a possible rally to the l

Wave Analysis For only two days now, the us Dollar has lost almost 100% the value it gained last week. Despite the previous day's decline in value, the price is still above 108.72, we expect a drop towards this level to pick a long position with the first target at 111.07 and the next at 114.00. Th

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May
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