Main

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.

Subscribe to our RSS
Elliott waves analysis feed

Start
trading

OPEN
DEMO ACCOUNT

Elliott waves analysis

29 August - 02 September	weekly forecast 29 August - 02 September Weekly Analysis Gold, Oil and Silver. Gold weekly review Weekly Review During the previous trading week ending 26th August 2016, wave (5) could not close above the end of wave (3) thereby ending into a truncated 5th wave. Since the impulsive wave (3) was extensive in nature, there is probably less bullish pressure to push the p More
2016	EURUSD	GBPUSD	USDJPY
02 September	EURUSD Still to trade on the lower ranges Wave Analysis: Yesterday, the corrective wave 4 went a bit far than expected but could not close above 1.12055. We expect the current downward rally to be the unfolding of the impulsive wave 5 but should not go beyond 1.1079. Since this pair is positively correlated to EUR/HKD and NZD/USD, we exp More	Expect corrections to the upperside. Wave Analysis: Yesterday, instead of going short as previously forecasted, the impulsive wave E ended a bit earlier than expected and could not even hit our target. Following the breakout above the upper resistive trend line, we expect an acceleration to the upper side but should not go beyond 1. More	Buy USD/JPY alongside NZD/JPY Wave Analysis As previously forecasted the impulsive wave 3 extended to the upper side but could not go beyond 103.85. Following its correction towards 103.14. We expect to buy the impulsive wave 5 towards 104.36 or even higher. This upward rally is highly anticipated since the other positively c More
01 September	EURUSD Still to trade on the lower ranges	Expect corrections to the upperside.	Buy USD/JPY alongside NZD/JPY and CAD/JPY
31 August	EURUSD Still to trade on the lower ranges	Expect The Cable to trade on the lower ranges.	Buy above 103.27
30 August	EURUSD to trade on the lower ranges	Expect The Cable to trade on the lower ranges.	USDJPY still to gain more grounds
29 August	EURUSD still losing grounds	Expect The Cable to trade on the lower ranges.	USDJPY still to gain more grounds

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Elliott waves analysis

Our best awards: