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Elliott waves for Forex correlation analysis

William Gann was born in 1878. Trying hand at stock exchange where he used his own funds, he released that a special expertise is required to trade. He researched the market and could calculate a precise time of reversals even for the year before.

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Elliott waves for Forex correlation analysis

2017	EURUSD	GBPUSD	USDJPY
08 12月	Expect a possible bearish price Wave Analysis: During the previous trading day, Eur dropped and is still pretty much bearish both on the daily and the weekly charts. We're still short, and we expect the impulsive wave (c) to extend to the lower side and should breakout below 1.1673 with an ultimate target at 1.1120. On the daily 多	We still long with an ultimate target at 1.4365 Wave Analysis: Perfectly as previously forecasted, the cable rose as expected and is still showing possible momentum to the upper side. During this intraday, we expected a possible continuation of the impulsive wave (1) to the upper side and should breakout above 1.3735 so that we buy the impulsive 多	Expect a possible bullish price rally towards 121.00 Wave Analysis: Instead of going short as we previously expected, Usd rose massively to the upper side and even went above the upper resistive trend line. This is a clean breakout and could mean we're still long with an ultimate target at 119.00. As long as the price remains above this trend line, w 多
07 12月	Short	Flat	On the sidelines
06 12月	Still bearish	Buyers still in control	Still short with an ultimate target at 107.25
05 12月	Bears should take full control soon	Waiting for a clear buy opportunity.	Bears encroaching the market but slowly
04 12月	wait for a sell	Bulls should take control soon	on the sidelines

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Elliott waves for Forex correlation analysis

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