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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

02 - 06 October	weekly forecast 02 - 06 October Weekly Review SPX Weekly Review SP500 is currently exhibiting a bearish impulsive 'V' wave pattern. As shown in the chart above, the price has been experiencing a significant downtrend following the major corrective wave 'V' at 4332.7. Our expectation is for the price to decline, reaching at least the support More
2023	EURUSD	GBPUSD	USDJPY
06 October	We're waiting for a bullish correction EURUSD is currently experiencing a bullish corrective phase. The chart above illustrates an impulsive upward movement in the price. The market is currently shaping the corrective ABC pattern. As shown in the chart, the price is currently forming the minor corrective wave 'a,' with our target set at More	We're short for now GBPUSD is currently in a phase where, as shown on the chart above, we can see that the price seems to be forming a reversal pattern. The price is in the impulsive phase known as the V-wave pattern, and, as indicated on the chart, we can see that the price is forming the impulsive major outer wave More	We're short temporarily USDJPY is currently declining towards the support zone at 147.70. This pair is still in the impulsive phase characterized by the V-wave pattern. Currently, the price is forming the corrective major outer wave "IV," with our target set at 147.70. We expect the price to drop to 147.70 and then rever More
05 October	We're in a bullish pullback mode	We're short for now	We're long for now
04 October	We're waiting for long positions for now.	We're short for now	We're long for now
03 October	We're waiting for a bullish correction.	We're short for now	We're long for now
02 October	We're in a bullish correction	We're long for now	We're long for now

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Elliott waves analysis

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