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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.

Elliott waves analysis

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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18 - 22
June
weekly
forecast

SPX500 Weekly Review: Wave Analysis: During the previous weekly ending 15th June, SPX500 rallied massively to the upper side and is still pretty much bullish both on the daily and the weekly charts. As long as the price remains above 2712.8, we expect a possible momentum to the upper side with a

2018 EURUSD GBPUSD USDJPY
22
June

Wave Analysis During the previous trading day, euro traded massively to the upper side and is still pretty much bullish both on the daily and the weekly chart. The previous day's candle was a perfect bullish pin bar candle and as long as the price remains above the zone 1.1502-1.1455, we expect a a

Wave Analysis During the previous trading day, the cable pulled back to the upper side but is still below 1.33058. As long as the price remains below this trend line, we expect a possible momentum to the lower side, on the daily chart, if you're not already in a short position, you could wait for a

Wave Analysis During the previous trading day, the US Dollar rallied to the lower side instead of picking a momentum to the upper side. We still expect a momentum to the upper side especially if the price is still above the daily level 108.523. In an event that the price break above 111.560, then t

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June
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June
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