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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

26 - 30 July	weekly forecast 26 - 30 July Weekly Review BTC Weekly Review Wave Analysis If we take the previous Month's highest high as the swing low and the previous month's lowest low as the swing low, currently the price is in a pullback mode. As it is now, we have a pullback beyond the 38.2% fib level, we are expecting further pullback to t More
2021	EURUSD	GBPUSD	USDJPY
01 August
01 August	We're buyers towards 1.23. Wave Analysis Just as previously anticipated, Euro bounced off from the lower trendline, headed straight to the upperside, but is yet to make any significant moves to the upperside. As it is right now, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and could see the price break beyond the upper trendl
30 July	We're buyers	We're long	We're short term sellers for now
29 July	We're buyers towards 1.19631	We're buyers towards 1.4106	Wait
28 July	We're buyers for now	We're buyers towards 1.39	Remain long
27 July	We're sellers towards the lower trendline	Sell a rebound from the upper trendline	We're buyers towards 117.89
26 July	We're sellers towards 1.1672.	Wait and sell a rebound from the upper trendline towards 1.3515.	We're buyers towards 112.00.

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Elliott waves analysis

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