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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

25 - 29
April
weekly
forecast
25 - 29
April

  Gold weekly Review: Wave Analysis:   During the previous week ending 22nd April 2016, gold market traded long for the better parts of the week but ended up forming a downward trend continuation candle on the weekly chart. During this week, we expect the current downward rally to be t

2016 EURUSD GBPUSD USDJPY
29
April

Wave Analysis: EUR/USD is currently trading with a bullish bias. Yesterday, the pair rebounded from the lower supportive trend line and ended up breaking above a key resistance level 1.1380. Following this breakout, we are waiting for minor pullback towards the just broken resistance level to gi

Wave Analysis GBP/USD is currently trading with a bullish Bias. Yesterday, wave (4) ended a bit earlier at 1.4473 thereby paving way for wave (5) to continue to the upper side. In case of a clear breakout above 1.4640-1.46637, we will wait for minor downward retracement towards the same level to co

Wave Anlysis: USD/JPY is currently trading with a bearish bias. Yesterday, the pair traded massively short and even broke below a key support level 107.80. Following this break, we are very reluctant to go long, instead, we sit on sidelines and wait for a retracement towards the just broken level

28
April
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