Picture of the author

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

02 - 06
October
weekly
forecast
02 - 06
October

Bitcoin Weekly Review Wave Analysis: Perfectly as previously anticipated, during the previous trading week, bitcoin could not go below 3640.61, instead, the impulsive wave (5) rallied even higher and is still pretty much bullish both on the daily and the weekly charts. As long as the price rem

2017 EURUSD GBPUSD USDJPY
06
October

Wave Analysis: During the previous trading day, the pair retraced back to the level 1.17131 but is still above it. We expect this level to have marked the end of the corrective three wave cycle that the current bullish price candle is the continuation of an impulsive wave to the upper side but shou

Wave Analysis: During the previous trading day, the cable extended lower than expected and even close below 1.31803, As long as the price remains below this zone, we expect the price continue to the lower side but should not go beyond 1.27735. From the chart above, I'm waiting for a clear bullish p

Wave Analysis: Few days ago, Usd pullback towards the support zone 112.290 thrice but could not extend below it. We expect this downward moments to have been mere corrections of the impulsive wave (3), that the current bullish price movements is the continuation of the impulsive wave (3) to the upp

05
October
04
October
03
October
02
October
Close
Login
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .