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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

05 - 09 June	weekly forecast 05 - 09 June Gold, Brent, SP500, Weekly Review Gold Weekly Review Wave Analysis; Since January, Gold markets have risen incessantly and is still rising. The previous month's candle is a perfect bullish pin bar, and as long as the level 1082.3 is not broke to the lower side, we expect a possible bullish momentum towards the monthly resista More
2017	EURUSD	GBPUSD	USDJPY
09 June	Expect a possible rebound from 1.1550-1.1186 to short this pair with an ideal target at 0.9699 Wave Analysis: The corrective wave (4) continues to rally around a key monthly resistance zone 1.1550-1.1186. As long as this zone is not violated to the upper side, we expect a possible rebound from this zone to sell the impulsive wave (5) to the lower side with the first target at 0.9699 and the More	A gap below 1.2777 Wave Analysis; Earlier today, the cable gaped a bit lower than expected and is still 1.2777, as long as the level 1.2777 is not violated, we expect a possible extension of the impulsive wave (c) to the lower side but should not go beyond 1.2444. A clear breakout below this level will push the price More	Expect a possible rebound from 111.96 to short this pair towards 100 Wave Analysis: During the previous trading day, the US Dollar retraced higher than expected and is still bullish on the daily chart. Nonetheless, we expect this upward rally to be a mere correction of the outer impulsive wave (c) and should not go beyond 111.96. If you went long during our previous More
08 June	We're long	We're long with an ideal target at 1.3305	Corrections but bears still in control
07 June	Expect further rally to the upper side.	Expect a possible position around 1.2839.	Bears dominating ahead of the UK Elections
06 June	We're long towards 1.1398	Expect a possible bullish price rally towards 1.33	We're short
05 June	EURUSD rallying around a key monthly sell zone 1.1593-1.1230	We're still long	We're short

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Elliott waves analysis

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