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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

12 - 16 July	weekly forecast 12 - 16 July Buy Brent Oil now Brent Oil Weekly Review Wave Analysis After failing to hold itself below the lower moving averages, we expect nothing but a possible momentum to the upperside. We expect the rebound from 70.390, to have marked an end to the corrective wave (4), the the current bullish price rally to be the More
2021	EURUSD	GBPUSD	USDJPY
16 July	We're sellers towards 1.1619 Wave Analysis Somehow EURUSD is still reluctant to pick momentum to the lowerside as previously expected. If you are looking at this chart as we are speaking right now, we recommend looking for long term sell positions, expecting the price to break below the immediate trendline towarrds 1.1619, if More	We're sellers towards the lower trendline Wave Analysis Just as we expected yesterday, the British pound rallied to the lowerside and is still very much bearish. If you are looking at this chart as we are speaking, we recomend looking for long term sell positions expecting the price to race towards the lower supportive trendline, if y More	Wait for a low risk sell position. Wave analysis Yesterday, instead of continuing to the lowerside as prevviously expexted, the US Dollar rallied to the upperside and may extend much higher. However, we will need to see a clear breakout above the Alligator indicator to pick a possible long term buy position expecting the price More
15 July	We're temporarily upwards	We're sellers towards the lower trendline.	We're sellers towards 107.
14 July	We're sellers with our first target at 1.17150.	We're looking for low risk sell positions towards 1.31	We're in a temporary buy towards 111.646
13 July	Watch for low risk buy positions towards 1.22190	We're buyers towards 1.43289	Wait
12 July	We're Sellers towards 1.05637.	We're Sellers towards 1.21947.	Wait for a rebuy from the lower trendline towards 113.783.

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Elliott waves analysis

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