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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

12 - 16
February
weekly
forecast
12 - 16
February

Bitcoin Weekly Review: Wave Analysis: Last week, Bitcoin crashed down but ended up closing above it's opening price. The previous week's candle is a perfect bullish pin bar candle but we're still reluctant to long this cryptocurrency, instead, we expect further decline in price but should not go

2018 EURUSD GBPUSD USDJPY
16
February

Wave Analysis: During the previous trading day, the impulsive wave (5) extended significantly to the upper side and is still pretty much bullish both on the daily and the weekly charts. Today and even in the coming week's we expect a possible extension to the upper side with an ultimate target at 1

Wave Analysis: Perfectly as previously forecasted, the cable extended massively to the upper side and is showing signs of rising even further. A key daily support can be seen at 1.3855, and as long as this level protects the lower side we expect a possible bullish price movements with an ultimate t

Wave Analysis The impulsive wave (b) continues to decline in value but should not go beyond the support level seen at 104.08. Today and in the next few days, we expect a rally towards 104.85, then a rebound to pick a long position with an ultimate target at 118.45. As long as the zone 104.85-104.43

15
February
14
February
13
February
12
February
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