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

25 - 29 September	weekly forecast 25 - 29 September Buy Dax Now DAX Weekly Review During the previous trading day, Dax rallied to the lowerside but could not break below 15,472.1, as long as the price does not break and close below this level, we are waiting for a rebound from this level to pick a possible long term buy position. And in case the price b More
2023	EURUSD	GBPUSD	USDJPY
29 September	Euro is in a correction mode EURUSD is presently experiencing a bullish corrective phase, with the market forming the ABC corrective pattern. Based on the current chart, it's evident that the price is shaping the minor corrective wave 'a,' with our target set at the resistance zone of 1.0742. We anticipate the price to rise, t More	We're pulling back upwards GBPUSD is currently exhibiting strong bullish momentum. This pair is in a corrective phase following the ABC corrective pattern. Presently, the price is forming the corrective wave 'a'. We anticipate the price to rise, targeting at least the resistance zone at 1.2479 for the minor wave 'a'. If you More	We're long for now USDJPY continues to exhibit a bullish trend, with the price nearing completion of the most outer major impulsive wave 'V,' targeting the resistance zone at (150.08). The market is currently in an impulsive phase (impulsive V-wave pattern) and forming the major outer wave 'V,' with our target set at More
28 September	We're waiting for a corrections	We're waiting	We're long for now
27 September	Remain short for now	We're buyers for now	We're long for now
26 September	As long as the price remains below 1.06304, we are looking for low risk sell positions.	We're short for now.	We're long towards 151.9
25 September	Wait for a rebound from 1.06350 towards 1.07724.	We're short towards 1.20.	We're long for now

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: