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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

23 - 27 October	weekly forecast 23 - 27 October Weekly Review Deutsche Bank Weekly Review. Wave Analysis Last week, wave (i) of the impulsive wave (c) extended upwards towards the weekly resistance zone 20.53 – 20.98. This wave is expected to extend even further upwards towards this weekly resistance zone. A break above this resistance zone will confirm More
2017	EURUSD	GBPUSD	USDJPY
27 October	We are short Wave analysis Just as predicted in the previous intraday, the impulsive wave (c) extended downwards and even broke below the daily support level 1.1680.This break out is a clear indication that we a still short. The impulsive wave(c) is expected to extend even lower towards 1.1120.You could look to More	Bulls will be back shortly Wave analysis In the previous intraday, the cable pulled back slightly but did not go below the previous higher low. This pull back is expected to be just temporary and should not go below 1.3061.After this pull back the inner impulsive wave (1) of the outer impulsive wave (E) is expected to extend More	Bears coming soon Wave analysis. In the previous intraday, the USDJPY pulled back again to the upper trend line of the equidistant channel but ended up closing within this channel. We expect a rejection from this upper trend line and an extension of the impulsive wave (E) downwards towards the lower trend line of th More
26 October	Bears coming soon	Bulls dominating	Short
25 October	Wait for a break below 1.1680	We are still long towards 1.3470.	We're short
24 October	sell below 1.1680	Bulls in control	short
23 October	Check for a sell position towards 1.1120	Bulls to take control soon	flat but waiting for a possible sell

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Elliott waves analysis

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