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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

16 - 20 July	weekly forecast 16 - 20 July Buy Barclays Bank Shares Barclays bank Weekly Reviews Wave Analysis Since October 2016, Barclays bank shares has been rallying within the rising, but contracting wedge formation. Few week's ago, these shares lost value considerable but is currently bouncing off from the supportive trendline. As long as the price is cont More
2018	EURUSD	GBPUSD	USDJPY
20 July	We're long towards 1.23270 Wave Analysis Eventually, euro has picked a momentum to the upperside. We expect the rebound from 1.16067 to have marked an end to the corrective three wave cycle, that the current bullish price, unfolding on the daily chart is an impulsive wave to the upperside and should break above 1.23270. This More	we're sellers Wave Analysis During the previous trading day, the impulsive wave (c) extended slightly to the lowerside and is still pretty much bearish both on the daily and the weekly charts. Today and even during the coming week, we expect the impulsive wave (c) extended slightly to the lowerside and should ext More	Corrections Wave Analysis During the previous trading day, the US Dollar corrected itself to the lowerside and may extend further to the lowerside. We expect this downward rally to be a corrective wave count but should not go beyond the daily short term support level 111.040. If you went long previously upon a More
19 July	We're long	We're looking for a buy position	We're long towards 114.00.
18 July	Rebuy euro from 1.16067	We're looking for long positions	We're still long towards 114.360
17 July	Buy euro towards 1.24910.	Buy the cable towards 1.38360	Remain long towards 114.00
16 July	We're still looking for long positions	We're looking for long positions	Remain long

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Elliott waves analysis

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