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

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

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: