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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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25 - 29
Janeiro
weekly
forecast
25 - 29
Janeiro

Gold weekly Review: Weekly Review:   During the previous trading week, Gold  traded long but could not break above a key resistant level $1106. During this week, we will be keen to look for a break above $1114 to mark the continuation of the upward thrush. This anticipated upward trend

2016 EURUSD GBPUSD USDJPY
29
Janeiro

Wave Analysis: EUR/USD is currently trading with a bullish bias. During the previous trading bay, Euro traded long and even crossed and closed above the the upper resistive trend line forming top of the falling channel, Unless there is a clear break below this trend line, we will be long with our

Wave Analysis: GBP/USD is currently trading with a bullish bias. During the previous trading day, pound traded long but is yet to reach our target of 1.4419, we still expect further movements to the upper side for wave (c) to close at 1.4419 or even further to 1.4523. This pair should be traded al

Wave Analysis: USD/JPY is currently trading with a bullish bias. During the previous trading day, usd/jpy crossed above a key resistant level 118.81, unless the price closes below 118.54, we will likely be headed long with our ultimate target at 121.40. Otherwise, we will be short below 118.54 wi

28
Janeiro
27
Janeiro
26
Janeiro
25
Janeiro
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