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

19 - 23 June	weekly forecast 19 - 23 June Weekly Review SPX500 Weekly Review The SP500 index has recently completed the formation of the impulsive major V wave pattern, indicating the conclusion of the impulsive phase. Presently, the market is trading at 4446.7. To confirm the end of the impulsive phase, we are waiting for the market to form a bearish More
2023	EURUSD	GBPUSD	USDJPY
23 June	We're long for now EURUSD is currently in an impulsive phase, indicating a strong bullish sentiment in the market. The formation of a falling wedge pattern further supports this bullish outlook. The price is currently at a significant support zone of 1.0946. Based on this analysis, it is expected that the market will More	We're long for now GBPUSD is currently in a corrective phase, following the ABC corrective pattern. Despite this correction, the overall sentiment remains bullish, at least in the short term, with a target of the minor corrective wave "b" at 1.2841. The market has formed a falling wedge pattern, which is a bullish re More	We're short for now USDJPY is still declining steadily. The price is currently in a corrective phase, following the ABC corrective pattern. It is forming the minor corrective wave "a", with our target set at (137.94). If you have any open trades, ensure that your take profit is set at 137.94 and the stop loss at (140. More
22 June	We're long		We're short
21 June	Wait	We're long for now	We're short for now
20 June	We're short temporarily	We're long	We're short
19 June	We're sellers for now	We're buyers for now	We're short 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: