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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

27 November - 01 December	weekly forecast 27 November - 01 December Buy Ford Motor's shares around 11.97 Ford Motors' Weekly reviews Wave Analysis: After breaking above the daily support level 11.97, we saw a flat correction of the impulsive wave (1), when the impulsive wave (c), of the recent corrective three wave cycle failed to go below the daily support level 11.97. This is a flat correction sc More
2017	EURUSD	GBPUSD	USDJPY
01 December	Look for a potential buy opportunity Wave Analysis: We're still seeing a rally to the upper side. There's still more bullish continuation set ups on this pair and following the rise above 1.1862, we're still very optimistic that this pair could continue upwards especially towards 1.2095 or even higher to 1.30. At the moment, only pote More	Buy the cable above 1.3477 Wave Analysis: During the previous trading day, the impulsive wave (1) rallied perfectly to the upper side as expected and is still pretty much bullish. During this intraday, we expect further growth to the upper side and even a break above 1.3477 to continue long. If you're not long already, you c More	Waiting for a sell Wave Analysis: During the previous trading day, the corrective rally seeking to correct the impulsive wave (E) stretched a bit higher than expected and is still showing signs of rising even higher. During this trading day, we expect further extension to the upper side but should not break above the More
30 November	On the sidelines	Expect a bullish acceleration towards 1.3477	Waiting for a clear sell
29 November	Flat	Conservative traders should wait for a buy	Expect a plunge towards 107.25
28 November	Expect a rise towards 1.2095	We're still long with an ultimate target at 1.41	corrections
27 November	Remain long with your target at 1.2105	Remain long with your first target at 1.3477	Corrections

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Elliott waves analysis

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