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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

29 June - 03 July	weekly forecast 29 June - 03 July Long gold towards 1800.00. Gold Weekly Review Wave Analysis During the previous, Nothing significant appeared to have happened on this pair. As long as the price remains above the two simple moving averages, we expect nothing but a possible momentum to the upper side, we're waiting for a clear breakout above 1778.31 More
2020	EURUSD	GBPUSD	USDJPY
03 July	Expect further momentum towards the supportive trendline. Wave Analysis Just as previously expected, Euro bounced off from the upper trend line, headed straight to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the upper trend line, we expect nothing but a possible momentum to More	Bearish Pin bar on the daily chart Wave Analysis The previous day the British pound opened at 1.2468, went as high as 1.2529, but ended up closing at 1.2465 just a few pips below its opening price, the previous day's candle is a perfect bearish pin bar candle. As long as the price remains below the previous day's highest high, we ex More	Wait Wave Analysis The Us Dollar continues to rally within the range, not going above or below the supportive trend line. As long as the price remains within this range, we're waiting for a either a bounce from the upper trend line to pick a sell or a bounce from the lower trend line to pick a buy. In c More
02 July	Wait for a sell from the upper trendline.	Wait	Wait for a buy from the supportive trendline.
01 July	Waiting for a buy from the supportive trend line.	Wait for a possible sell from the upper trendline towards 1.21720.	Wait
30 June	Remain short towards 1.10905.	Remain short towards1.21510.	Wait for a rebuy from 38.2% fib level with an ultimate target around 61.8% fib level.
29 June	Remain long towards 1.13430.	Wait for a resell from 1.24010.	Sell the impulsive wave (E) towards 106.175.

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Elliott waves analysis

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