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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

14 - 18 August	weekly forecast 14 - 18 August Gold Still Rising Gold Weekly Review Wave Analysis Last week, Gold markets rose upwards and even broke above the weekly resistance level 1269. We expect this upward thrush to be the continuation of the impulsive wave (c) to the upper side but should not break above the monthly resistance level 1396. If this re More
2017	EURUSD	GBPUSD	USDJPY
18 August	sell euro below 1.1627 Wave Analysis: Since May 24th of this year, euro gaped above the resistance zone 1.08649, euro has been in a consntant up trend rising with over 1000pips. During this uptrend, there has not been a proper retracement, infact, for every slight bearish retarcement has been countered with aa bullish en More	Short this pair now with an ideal target at 1.27735 Wave Analysis Since the beginning of this week, the impulsive wave (c) extended lower perfectly as we expected but is currently consolidating within a tight range 1.2892-1.2864. We're waiting for a clear break out of the wedge to pick a good position; although a break on either sides have equal cha More	We're still short towards 106.43 Wave Analysis During Wednesday and Thursday this week, the Us Dollar lost almost 75% the value it gained earlier in this week. This is due to the resistance zone established around 110.69-110.96 earlier this week. We expect the downward rally that began two days ago to be the continuation of the im More
17 August	Buy this pair around 1.1743-1.1732.	Wait for break below the lower trendline	Remain short towards 108.90
16 August	Short euro now	We're still short	Waiting for a rebound
15 August	Flat	The Cable still to fall	Sell usdjpy around 110.71-111.09
14 August	Looking for a sell place	Short	Heading to the oversold

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Elliott waves analysis

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