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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.

Elliott waves analysis

18 - 22
July
weekly
forecast
18 - 22
July

Gold Weekly Review   Weekly Review   During the previous week ending 15th July 2016, Gold markets retraced to the lower side and even hit our target support level $1320, we expect to continue to the upper side as long as the level $1320 protects the lower side. A clear breakout below t

2016 EURUSD GBPUSD USDJPY
22
July

Wave Analysis EUR/USD Is currently trading with a bearish bias. Yesterday, the pair broke below a key support level 1.1034 but is currently retracing to it. As long as the pair trades below 1.1034, we expect a possible bearish price movements towards 1.094 or even lower. A clear breakout above 1.10

Wave Analysis GBP/USD is currently trading with a slight bearish bias. During the previous trading day, The cable traded neutrally on either sides of the market but ended up closing a few pips from it's daily opening price. We expect to continue to the upper side but only up to 1.3421. A break abov

Wave Analysis USD/JPY is currently trading with a bearish bias. Instead of going long as previously forecasted, the pair retraced to the lower side and even broke below 106.51. As long as the pair trades below 106.16, we expect a possible bearish price movements towards 104.37 or even lower to 102.

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July
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