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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

03 - 07 June	weekly forecast 03 - 07 June Buy GazpromNef Shares GazProm Weekly Review Wave Analysis: During the previous week, Gazprom shares rose tremendously perfectly as previously forecasted and is still pretty much bullish both on the daily and the weekly charts. As long as the price remains above the supportive cloud formation, we expect nothing but a More
2019	EURUSD	GBPUSD	USDJPY
07 June	Look for sell orders Wave Analysis The cable is currently trading with an increasing bearish bias momentum. As we said previously, as long as the price remains below the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bearish price rally is the continuation of an impulsive w More	Wait to resell the cable from 1.27406. Wave Analysis The cable is currently approaching a key 4 hour resistance level 1.27406. We expect the cable to continue to the upperside but should not go beyond 1.27046. Basically, as long as the price remains below this level, we are still sellers, basically, we expect the anticipated move to the More	We're sellers towards 105.00 Wave Analysis Nothing much has been happening on this pair since the previous trading day. The overall trend is downwards, but we expect certain retracements to the upper side before we can pick a long term sell with an ultimate target at 105.00 or even lower. And should price breakout above 110.61 More
06 June	Expect sellers to dominate today	We're looking for low risk sell orders towards 1.25540.	Wait for corrections to pick low risk sell orders
05 June	Look for a short term buy towards the upper trendline.	We're buyers	We're looking for low risk sell orders
04 June	We're looking for low risk sell orders	Wait	We're looking for long term sell orders towards 105.00
03 June	We're looking for long term sell orders.	The cable in a corrective mode

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Elliott waves analysis

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