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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

26 - 30 March	weekly forecast 26 - 30 March Sell Gold Now Gold Weekly Review: Wave Analysis: It's barely seven days to the end of of the month, and instead of declining in value as previously expected, Gold market is steadily pulling back to the upper side, this yellow metal however is still within the contracting wedge formation and should tur More
2018	EURUSD	GBPUSD	USDJPY
30 March	Rebuy the impulsive wave (5) at 1.2149 Wave Analysis: Euro continues to decline in value but still above a key daily support level 1.2149. We expect the downward rally seen yesterday to be a corrective phase of the larger corrective wave (4) but should not go beyond the daily support level 1.2149, where we'll be looking to buy the next More	Wait for a clear buy signal around 1.4030 t Wave Analysis: At the beginning of this week, the impulsive wave (5) extended slightly above last week's highest high, 1.4200, but has currently pulled back to the lower side. We expect the downward rally on the weekly chart to be a mere correction of the impulsive wave (5) and should not go beyond More	Buy the US Dollar upon a rebound from 105.38 Wave Analysis: After a false break below 105.38, The US Dollar has recovered 100% the value it lost below 105.28. As long as the price remains above 105.38, we expect a possible bullish momentum, with our target at 107.65, The anticipated bullish price rally will be the unfolding of a corrective th More
29 March	Remain short	Wait for a possible sell at 1.41310	Rebuy the US dollar around 105.810
28 March	Flat	Remain long	Remain short
27 March	Wait for a pullback towards 1.2425	Expect a possible bearish	Resell then US Dollar at 105.995
26 March	Flat	Look for a long position towards 1.4365	Remain short

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Elliott waves analysis

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