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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

19 - 23 March	weekly forecast 19 - 23 March SPX500 still to Rise Barclays Bank Weekly Review Wave Analysis: During the previous trading week, Barclays bank shares closed just a few points below its opening price for the week. We're still along our sellers territory and as long as the price does not break above 11.26, we expect a possible bearish momentu More
2018	EURUSD	GBPUSD	USDJPY
23 March	Short euro now Wave Analysis: During the previous trading day, euro opened at 1.23336, went as high as 1.2387 and as low as 1.22842 but ended closing at 1.23002, just a couple of pips below its opening price. The previous day's candle is a perfect bearish pin bar candle and indicates a possible increase in the nu More	Short the cable at 1.4139 Wave Analysis: Yesterday, the cable opened at 1.4138, went as high as 1.42173 and as low as 1.40745 but ended up closing at 1.4095, just a couple of pips below its opening price. The previous day's candle is a perfect bearish pin bar and indicates a possible increase in the number of sellers in th More	Remain short with Wave Analysis: During the previous trading day, the impulsive wave (5) extended significantly to the lower side and is still pretty much bearish both on the day and the weekly charts. Today and in the next few days, we expect a possible extension of the impulsive wave (5) to the lower side and may More
22 March	Sell euro from 1.24126 with your take profit at 1.20706.	Expect a momentum to the upperside.	Remain short
21 March	Remain short with your target at 1.22724	Sell the cable upon a rebound from 1.40726	Resell the US dollar at 107.709
20 March	we're still expecting a short position	Expect a short position with an ultimate target at 1.3617	Sell the US Dollar from 107.30
19 March	Remain short	Wait for a sell signal	We're short

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Elliott waves analysis

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