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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

01 - 05 July	weekly forecast 01 - 05 July Lukoil , Gazprom, GazpromNef weekly reviews Lukoil weekly Review Wave Analysis: Lukoil is currently pulling back to the upperside, We expect this move to the upperside to be the continuation of the previous impulsive wave count and should head straight towards 5795.0 or even higher. And on the flipside, should price breakout below 5030.0 More
2019	EURUSD	GBPUSD	USDJPY
05 July	EURUSD. Look for sell orders from 1.13010 with your take profit at 1.11990. Wave Analysis: EURUSD is currently trading with an increasing bearish bias momentum. As we mentioned in our previous forecast, as long as the price remains below 1.13478, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the unfolding of an impulsive More	GBPUSD. We're looking for sell orders towards 1.24925. Wave Analysis: The cable continues to plunge and is still pretty much bearish both on the daily and the weekly charts. As long as the price is below the upper trendline, we expect nothing but a possible momentum to the lowerside, the main idea here is to wait for retracements to the upperside, then More	USDJPY. While the price is above 107.898, look for low risk buy orders towards 109.265. Wave Analysis Yesterday, instead of continuing to the lowerside, the US Dollar pulled back upwards and is currently rallying above 107.898. This is a key level and a potential buy place, thus, as long as this level shields price from breaking into the lowerside, we expect nothing but a possible mo More
04 July	EURUSD. We're sellers	GBPUSD. We're in a sell towards 1.24925	Sell USDJPY from 107.898, stoploss above 108.605, and take profit at 106.300.
03 July	We're looking for a long term sell order towards 1.11235.	We're looking for sell orders towards 1.24925.	USDJPY. We're sellers
02 July	Expect sellers to dominate today	GBPUSD. Expect Sellers to dominate today	We're waiting to rebuy from 107.898/
01 July	EURUSD. Rebuy the Euro from 1.13393.	GBPUSD. Expect a possible rally towards 1.27607.	USDJPY. Wait

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Elliott waves analysis

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