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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

22 - 26
June
weekly
forecast
22 - 26
June

XAGUSD Tecnical Analysis Wave Analysis Earlier today, XAGUSD established a swing around around 18.010. This is a key level especially on the 4 hours chart, while the price is not able to clearly break and close above it, we choose to remain on the sidelines expecting price to correct itself to t

2020 EURUSD GBPUSD USDJPY
26
June

Wave Analysis Earlier today, Euro broke below the supportive trend line and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the lower trend line, we are expecting a possible momentum towards 1.11958. The anticipated bearish price rally is

Wave Analysis On this chart, we are focusing only on the following levels, 1.23554, 1.24610 and 1.25324. During the mid of this week, the British pound bounced off from 1.25324 headed to the lower side and even went below the 50.0% fib level. As it is now, we expect the price to continue to the lo

Wave Analysis Recently, the US Dollar bounced off from the upper trend line, headed to the lower side slightly, we still expect further momentum to the lower side and should break below the supportive trend line. As long as the price remains below this trend line, expect further momentum to the lo

25
June
24
June
23
June
22
June
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