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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 January	weekly forecast 02 - 06 January Weekly Review Brent Oil Weekly Review Wave Analysis During the previous trading day, the Brent oil continues to rally above 82.779 and is not showing signs of breaking and closing below it. As long as the price remains above 82.779, we expect nothing but a possible momentum to the upperside More
2023	EURUSD	GBPUSD	USDJPY
06 January	Wait Wave Analysis EURUSD having competed the impulsive 5 wave pattern ,is currently correcting to the down side.the price has moved below the minor corrective wave a, this indicates that we're on a short downtrend, this is the right time to sell ,with a tight stop loss just above the minor corrective More	Wait Wave Analysis The GBUSD is correcting nicely to the downside, and I expect it to complete the corrective three-wave pattern. The market has already broken through the bottom of the minor corrective wave a. If you are already on a sell trade, I would recommend setting your take profit at 1.17410 and More	Wait Wave Analysis USDJPY has been in an uptrend for the last few days, but the market is yet to complete the impulsive 5-wave pattern. Currently, the market is in major wave "IV," and I expect an impulsive move to the upside. You can pace a buy order with your top loss just below the major wave IV, wh More
04 January	We're sellers towards 1.05 towards 1.01.	We're buyers towards 1.21283	We're sellers towards 128.500
03 January	We're waiting for a buy around 1.05 towards 1.06	We're waiting for reversals from 1.21 or 1.20	We're waiting for a sell from around 130.941 towards 128.995
02 January	We're waiting for a buy around 1.05871.	We're buyers towards 1.22140.	We're sellers towards 130.941.

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Elliott waves analysis

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