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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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04 - 08
January
weekly
forecast
04 - 08
January

Gold Weekly Review Weekly Review: During The previous week, Gold markers fell and even tested the key level $1059. During the cause of this week, we expect the pressure to go short to continue and even head lower to 1050. Should the latter be the case, then we expect gold markers to cont

2016 EURUSD GBPUSD USDJPY
08
January

Wave Analysis: EUR/USD is currently trading with a bearish bias. During the previous trading day, Euro traded long as previously forecasted and ended up closing above the key resistant level 1.086, but could not cross above 1.093. The pair is currently on a retracing move towards 1.086, and may go

Wave Analysis: GBP/USD is currently trading with a bullish bias. During the previous trading day, pound traded short and closed below the supportive green trend line but ended up finding a support at 1.4565. We expect the current upward movement to continue long with targets at 1.4695 or even hig

Wave Analysis: USD/JPY is currently trading with a bullish bias. During the previuous trading day, usd/jpy traded short and ended up finding a support at 117.50, we expect 118.66 to mark the end of the current upward movement, however, a clear break above 118.53 would mean we are headed further l

07
January
06
January
05
January
04
January
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