Picture of the author

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.

More

30 Novembro - 04
Dezembro
weekly
forecast
30 Novembro - 04
Dezembro

Gold Weekly Review: Weekly Review:   Since 28th October 2015, Gold has continually made lower lows. However, on 16th November 2015, the daily candle made a higher low compared to the previous lows. Against this backdrop, we expect the current downward movements in the gold market to be

2015 EURUSD GBPUSD USDJPY
04
Dezembro

Technical View: EUR/USD is currently trading with a very slight bearish bias. The pair traded long as previously forecasted and ended up closing along the red resistive trend line. Due to the massive upward movements witnessed during the previous trading day, we are very reluctant to go short, we

Technical View: GBP/USD is currently trading with a bullish bias. The pair ended up closing within the falling wedge and headed perfectly long as previously forecasted. Due to the just witnessed massive upward movements, we are very reluctant to go short at the moment, We will remain long with tar

Wave View: USD/JPY is currently trading with a bearish bias. The pair traded short but could not reach our target support 121.93, we still expect further downward movements to this support level during today's trading day. Ideally, wave (c) should close below wave (a) along the support 121.93. Th

03
Dezembro
02
Dezembro
01
Dezembro
30
Novembro
Close
Entrar
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.