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

08 - 12
August
weekly
forecast
08 - 12
August

Gold weekly Review: Weekly Review:   During the previous week ending 5th August 2016, instead of going long as previously forecasted, Gold markets retraced to the lower side following the release of NFP and may head further to the lower side.  We expect the current downward rally to be

2016 EURUSD GBPUSD USDJPY
12
August

Wave Analysis EUR/USD is currently trading with a declining bullish bias. Yesterday, the pair traded perfectly short as previously forecasted and even ended up breaking below a key pivot level 1.1157. A long as the pair trades below this level, we expect a possible bearish price rally towards 1.111

Wave Analysis GBP/USD is currently trading with a slight bullish bias. Yesterday, the cable traded short as previously forecasted and even went below 1.2997. Following this breakout we expect to continue short with this pair but only up to 1.29024, a clear breakout below this target will push the p

Wave Analysis USD/JPY is currently trading with a slight bearish bias. Yesterday, the pair rebounded perfectly from the support level 100.91, headed long as previously forecasted but is yet to reach our target resistance level 102.44. A long as the pair trades with the current rectangular formation

11
August
10
August
09
August
08
August
Close
Log in
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 .