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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

17 - 21 June	weekly forecast 17 - 21 June Weekly Review Boeing Weekly Review Wave Analysis Following the accident experienced by Boeing 737 Max few months ago, the shares of this company has been in a loosing end. However, for almost 5 years now, the shares of this company has been on the gaining end. We expect the current bearish rally to be a corr More
2019	EURUSD	GBPUSD	USDJPY
21 June	Look for buy orders towards 1.13450. Wave Analysis During the previous trading day, nothing much happened on this pair. Euro is still above the upper trendline, As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bullish price rally is the continuation of More	Wait for a bounce from the upper trendline to pick a sell position. Wave Analysis The cable is currently trading within a descending channel formation. As long as the price remains within this shape formation, we expect a steep decline towards the support level 1.24925. A breakout below this level will push the price steeply to the lowerside and should go beyond 1 More	Buy the US Dollar temporarily from 107.255 towards 107.557. Wave Analysis On the 15 minutes chart attached, it looks like the US Dollar is beginning to gain a momentum to the upperside. Yesterday, the price went massively to the lowerside and is still bearish on the daily and other higher time frames. We're waiting for a clear breakout below 107.255 to con More
20 June	Look for buy orders towards 1.14	Look for buy orders towards 1.29400<	Wait
19 June	We're looking for sell orders towards 1.11055.	Conservative traders could wait and sell a breakout below 1.2492 towards 1.2405.	USDJPY. Buy a bounce from 107.990.
18 June	EURUSD Wait for a long term sell from 1.12695 with your take profit at 1.11260.	Sell the cable below 1.2492 with your take profit at 1.2405	Buy the US Dollar from 107.999 towards 117.011.
17 June	We're still sellers in this market	Buy the cable towards 1.2765.	Buy the US Dollar from 107.990.

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Elliott waves analysis

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