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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

14 - 18
June
weekly
forecast
14 - 18
June

 Gold Weekly Review Wave Analysis Few days ago, gold bounced off from the level 1902.32, however, the price is yet to make any significant move to the lowerside. As long as the price remains below the level 1902.3, we are sellers. The idea is to pick low risk sell positions expecting surge

2021 EURUSD GBPUSD USDJPY
18
June

Wave Analysis Yesterday, Euro continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the level 1.22330, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continua

Wave Analysis The British pound continues to rally to the lowerside and is still pretty much bearish. As long as the price remains below the Alligator indicator, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive

Wave Analysis After failing to breakout above the upper trendline, the US Dollar is currently heading to the lowerside. As it is now, we are expecting further momentum to the lowerside and may eventually break and close below the lower trendline. If this is the case, then a momentum towards 108.443

17
June
16
June
15
June
14
June
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