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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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Gold weekly review Weekly review:   Since 11th July 2016, Gold market entered into a descending channel and is still pretty much with this channel. During the previous trading week ending 23rd September 2016, gold markets traded long for the better parts of the week but could not h

2016 EURUSD GBPUSD USDJPY
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Wave Analysis Yesterday, the corrective wave (b) traded long but is yet to reach our target rebound zone 1.1243-1.1254, we are waiting for minor corrections towards this zone to sell the impulsive wave (c) towards 1.1144. Although this downward rally is highly anticipated upon a clear rebound from

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