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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.

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06 - 10
February
weekly
forecast
06 - 10
February

Gold weekly Review: Wave Analysis:   Instead of going short as previously forecasted, the yellow metal retraced to the upperside but is yet to hit our turn around level at 1613.99. We expect the upward rally witnessed during the previous week to be a mere correction of the impulsiv

2017 EURUSD GBPUSD USDJPY
10
February

Wave Analysis: Despite the bullish engulfing candle witnessed yesterday around 8:00 AM, the pair pulled back even lower and is currently below a key short term weekly support level 1.0666. As long as the pair remains below this level, we expect an acceleration to the lower side with our first targe

Wave Analysis Instead of going long as previously forecasted, the cable went slightly to the upper side but ended up closing red and is currently bearish but still above 1.2468. As long as this level protects any invasion to the lower side, we expect a possible rebound from this level to go long wi

Wave Analysis: Yesterday, the US Dollar broke above the falling wedge and also above 112.67. Following this breakout, the pair traded massively long and is still pretty much bullish both on the 4H and daily charts. We expect the US Dollar to trade on the higher ranges as long as the pair remains a

09
February
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February
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February
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February
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