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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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08 - 12
Fevereiro
weekly
forecast
08 - 12
Fevereiro

Gold Weekly Review: Weekly Review: During the previous trading week, gold markets traded perfectly long and is still pretty much bullish. Since the demand for gold is stronger than the supply for gold, we will be hunting for long positions this week but with our ultimate targets at the 10

2016 EURUSD GBPUSD USDJPY
12
Fevereiro

Wave Analysis: EUR/USD is currently trading with a bearish bias. During the previous trading day, Euro traded long and even found a resistance along the upper resistive trend line. Unless the price closes above 1.1341, we will remain short but with our target at 1.1213, a close above will call fo

Wave Analysis: GBP/USD is currently trading with alight bearish bias. During the previous trading day, instead of heading long as previous forecasted, pound traded short and is currently on an upward pullback. We expect the current upward movement to be the continuation of wave(5) with our target

Wave Analysis: USD/JPY is currently trading with a slight bearish bias. During the previous trading day, usd/jpy traded perfectly short and ended up finding at 111.33. The pair is currently making a corrective upward movement towards 113.19, a close above 113.19 would mean we are headed further lo

11
Fevereiro
10
Fevereiro
09
Fevereiro
08
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