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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

05 - 09 July	weekly forecast 05 - 09 July Weekly Review Brent Oil Weekly Review Wave Analysis During the previous week ending 2nd July, Brent oil rallied to the upperside and is still pretty much bullish. As long as the price remains above the lower moving averages acting as the components of the Alligator indicator, we expect nothing but a possible More
2021	EURUSD	GBPUSD	USDJPY
09 July	We're looking for long term sell positions towards 1.17032. Wave Analysis After an attempt to break below the daily low 1.18070, euro pulled back to the upperside but is still being contained below the Black Alligator line, as it is right now, we are looking for long term sell positions. The anticipated bearish price rally is the continuation of the last i More	We're sellers towards 1.37313 Wave Analysis Currently, the British pound is within a contracting wedge formation. As long as the price remains below the Alligator black line, we expect nothing but a possible rally towards the daily low 1.37313, if the price breaks below this level, then further rally to the lowerside is expect More	We're sellers Wave Analysis The US Dollar is still rallying within the daily high 111.658, and the daily low 109.714, on 8th of this month, The Us Dollar attempted a breakout below the daily low but failed to close below it, while the price remains above this level, we are looking for further momentum to the up More
08 July	we're sellers towards 1.1704	Intraday sellers are still active	Wait
07 July	Remain short towards 1.17148.<	Wait	We're sellers towards the lower trendline
06 July	Expect sellers to push price much lower towards 1.16	We're buyers with the next ideal target set around 1.42330.	We're sellers towards the lower trendline
05 July	If you are looking at this chart, expect further momentum to the lowerside as long as the price remains below 1.18 towards 1.16.	We're sellers towards 1.35 or even lower.	Wait for a possible buy signal from around the lower trendline.

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Elliott waves analysis

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