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Elliott waves analysis

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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Elliott waves analysis

11 - 15 July	weekly forecast 11 - 15 July Weekly Review Gold Weekly Review: Last week, Gold markets rallied to the lowerside and is now approaching a significant supportive zone 1700.13-1678.35. If the price can break and close below this zone, then this will be a sign that we are extending much lower with the next ideal target set around 1482.37 and More
2022	EURUSD	GBPUSD	USDJPY
15 July	We are short. Wave Analysis: During the previous trading days, the Euro rallied from the lower trendline at the impulsive wave cycle three towards the upper side at the corrective wave cycle four. As at now the price is on the upper trendline, I expect it to bounce back towards the lower trendline around 0.9570 More	We are sellers. Wave Analysis: This pair has been trading within the upper and the lower trendline for a while now, recently the price rebounded from the lower trendline at the impulsive wave cycle three towards the upper side at the corrective wave cycle four. Right now the price is rallying around the upper tren More	We are on the sidelines. Wave Analysis: The US Dollar is currently trading in an uptrend, the price has been rallying within the upper and the lower trendline for a while now. Previously, the price rebounded from the lower trendline at the corrective wave cycle four towards the upper side at the impulsive wave cycle five. More
14 July	We're into a sell towards 0.89	We're sellers	We're buyers towards 140.8
12 July	Wait.	We are sellers.	We are long.
11 July	We are sellers towards 1.0065.	We are short.	We are on the sidelines.

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Elliott waves analysis

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