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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.

Ondas de Elliott para análise da correlação de Forex

Support and resistance system should only be used in a higher timeframe chart, like one hour and above. This is necessary because at such a higher time frame, brokers cannot manipulate the price to my disadvantage.

How I draw strong support and Resistance

Before I call a level strong, the same level must met the following conditions.

  1. Must have been used as a support before.
  2. Must have been used as a resistance before.
  3. There must be a big candle that broke through it at one point in the past!

Again, when drawing my support and resistance levels, I use a range, not a single line, this is because price tends to test particular level before retrieving, range caters for these levels.

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20 - 24
Marcha
weekly
forecast
20 - 24
Marcha

Gold weekly Review Wave Analysis:   During the past trading week ending March 17th 2016. The corrective wave (b) pull-back to the upper side but is currently stalling around a key pivot level at 1235. Unless there's a clear close above this level, we choose to remain flat monetarily and

2017 EURUSD GBPUSD USDJPY
24
Marcha

Wave Analysis: As previously anticipated, the corrective wave (4) continues to retrace to the lower side but should not go beyond 1.07375 from where we'll be looking to buy the impulsive wave (5) towards 1.100. A break above this level will likely push the price further to the upper side but should

Wave Analysis Yesterday, the Cable failed to sustain the break above our key buy zone 1.24865-1.25055 and has currently retraced back to it. We expect a possible bullish consolidations around this zone but should not go beyond 1.24865 from where we'll be looking to continue long with the impulsive

Wave Analysis: Despite our expectations to continue short, the corrective wave (b) continues to retrace to the upper side but is yet to hit our sell target. During this intraday, we still expect the corrective wave (b) to continue long but should not go beyond 111.68 from where we'll be looking to

23
Marcha
22
Marcha
21
Marcha
20
Marcha
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