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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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weekly
forecast
21 - 25
Dezembro

Gold weekly review: Weekly Review:   During the previous week ending 18th December 2015, Gold traded perfectly short as forecasted but could not close below the green supportive trend line. We are waiting for a clear break out below the green supportive trading forming the bottom of the

2015 EURUSD GBPUSD USDJPY
24
Dezembro

Wave Analysis: EUR/USD is currently trading with a bearish bias. The pair crossed and closed below 1.092, but is currently retracing towards it. Unless there is a clear break out above 1.094, we are short with targets below 1.081. In case the price crosses above 1.094, then we will go long with ta

Wave Analysis: GBP/USD is currently trading with a bullish bias. The pair retraced upwards and even closed above the green trend line. Following this massive retracement, we are reluctant to go short unless the price closes below this green trend line. Otherwise we remain long with targets above

Wave Analysis: USD/JPY is currently trading with a bearish bias. The pair traded short during the previous intraday, but could not close below 120.67, we are waiting for a clear close below this level to continue short with targets along the lower green trend line. Any close above 121.38 will call

23
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22
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21
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