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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

04 - 08 September	weekly forecast 04 - 08 September Weekly Review The SP500 is currently in an impulsive phase. The market is impulsively moving to the upside, which we can see from the above. Our expectation is for the price to rise from this zone, reaching at least up to 4889.9. This is where we anticipate the conclusion of the impulsive major wave 'V.' For p More
2023	EURUSD	GBPUSD	USDJPY
08 September	We're short for now EURUSD is currently very bearish. The market has been dropping impulsively to the downside. We anticipate that the pair will remain bearish at least until next week. The pair is currently in an impulsive phase, and according to the chart, the market is forming the impulsive major outer wave 'V.' Ou More	We're long for now GBPUSD: We expect a bullish move as the price is currently at major impulse outer wave "V" at 1.2449. We anticipate the price to rise in the form of a corrective minor three-wave pattern (ABC pattern). You can consider placing a long position at 1.2520 with a target range of 1.2667 to 1. More	We're long for now USDJPY remains bullish since the price has not broken below the support zone at 147.27. Just as we can see from the chart above, the price is currently forming a bullish continuation, which suggests that the bullish trend is likely to continue. The market is in an impulsive phase and is currently f More
07 September	We're short for now	We're on the sidelines waiting for a correction.	We're long for now
06 September	We're short for now	We're sellers for now	We're long for a moment
05 September	We're short for now	We're short for now	We're long for now
04 September	We're short	We're short for now	We're buyers for now

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Elliott waves analysis

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