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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

22 - 26 June	weekly forecast 22 - 26 June Bullish breakout on Gold, look for buy positions 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 More
2020	EURUSD	GBPUSD	USDJPY
26 June	Remain short towards 1.11958. 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 More	Remain short with your target at 1.23554. 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 More	Remain short towads 106.490. 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 More
25 June	Wait	Remain short towards 1.23115.	Remain long towards 110.00.
24 June	Wait for a possible buy from around 38.2% fib level with your take profit at 1.152.	Wait for a buy from around 38.2% fib level with your targe at 1.26.	Wait for a sell from around 106.690.
23 June	Look for low risk buy position.	Look for low risk buy positions with an ultimate target around 1.25785.	Remain long with your target at 107.580.
22 June		Remain short towards 1.2242.	Wait

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Elliott waves analysis

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