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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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21 - 25
Novembro
weekly
forecast
21 - 25
Novembro

Gold Weekly Review: Wave Analysis:   As previously forecasted, the yellow metal barely retraced to the upper side before heading straight to the lower side. This commodity is currently trading with an increasing bearish momentum and will likely head further to the lower side but should

2016 EURUSD GBPUSD USDJPY
25
Novembro

Wave Analysis: Yesterday, Euro opened at 1.05525, went as high as 1.5840 and as low as 1.05167 but ended up closing at 1.05526, just a pip above it's opening price. The previous day's candle is a perfect indecision candle below a key level 1.05842. We expect this level to restrict any upward invasi

Wave Analysis The cable continues to consolidate within the rising channel but is yet to give a clear direction. As long as this pair trades within this channel, we'll only be interested in trading reversals, any clear breakout out of channel will call for breakout trading depending on the directio

Wave Analysis: As anticipated, the US Dollar continues to rise incessantly despite our expectation to slow down in momentum. The current chart set up and structure shows signs of clear bullish dominance, selling this pair or holding onto sell orders is still very risk and could be futile in the lon

24
Novembro
23
Novembro
22
Novembro
21
Novembro
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