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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

02 - 06 July	weekly forecast 02 - 06 July Gas still to gain against the dollar Gas weekly review Wave Analysis During the previous week ending 29th June, Natural gas didn't make any serious moves towards our target along the upper trend line. Instead, it consolidated within a tight range and is not showing any signs of breaking out of this range. We're waiting for a break More
2018	EURUSD	GBPUSD	USDJPY
06 July	We're long towards 1.24350. Wave Analysis After bouncing from the weekly supportive zone 1.14595-1.16067, Euro has been in a constant up trend and is still pretty much bullish both on the daily and the weekly charts, as we mentioned previously, while the price is contained above this zone, we expect a possible momentum to the More	Expect a drop Wave Analysis Today is the last trading day of the week and despite the previous two weekly pin bars, the cable is yet to make any clear moves to the upper side, the price is still below 1.32965. As long as this level protects the upper-side, we expect a momentum to the lower side. The anticipated More	Buy the Us Dollar above 111.02 Wave Analysis Despite the previous weekly Bullish engulfing candle, the US Dollar is still below the short term resistance level 111.02. We're waiting for a clear breakout above this short term level to pick an upward position. The anticipated bullish price rally is the continuation of the impulsiv More
05 July	We're still within our buyers territory	Expect a rise towards 1.32955.	Only buy upon a break above 111.080.
04 July	Still buying euro	Still within the sellers teritory	Buy US Dollar above 111.080.
03 July	We're waiting for buy positions	We're short as long as the price is below 1.32965	Consider a long term long position on a breakout above 111.080.
02 July	Look for long positions towards 1.25090.	Wait	Buy the Us dollar above 111.040

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Elliott waves analysis

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