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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

04 - 08 December	weekly forecast 04 - 08 December Deutsche Bank Bullish pin bar DeutscheBk weekly review Technical Observation: During the previous, the price of this share opened at 18.84, went as low as 18.43 and a high as 19.08 but ended up closing at 18.96. The previous week's candle is a perfect bullish pin bar candle and signal a possible increase in the number More
2017	EURUSD	GBPUSD	USDJPY
08 December	Expect a possible bearish price Wave Analysis: During the previous trading day, Eur dropped and is still pretty much bearish both on the daily and the weekly charts. We're still short, and we expect the impulsive wave (c) to extend to the lower side and should breakout below 1.1673 with an ultimate target at 1.1120. On the daily More	We still long with an ultimate target at 1.4365 Wave Analysis: Perfectly as previously forecasted, the cable rose as expected and is still showing possible momentum to the upper side. During this intraday, we expected a possible continuation of the impulsive wave (1) to the upper side and should breakout above 1.3735 so that we buy the impulsive More	Expect a possible bullish price rally towards 121.00 Wave Analysis: Instead of going short as we previously expected, Usd rose massively to the upper side and even went above the upper resistive trend line. This is a clean breakout and could mean we're still long with an ultimate target at 119.00. As long as the price remains above this trend line, w More
07 December	Short	Flat	On the sidelines
06 December	Still bearish	Buyers still in control	Still short with an ultimate target at 107.25
05 December	Bears should take full control soon	Waiting for a clear buy opportunity.	Bears encroaching the market but slowly
04 December	wait for a sell	Bulls should take control soon	on the sidelines

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Elliott waves analysis

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