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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

30 May - 03
June
weekly
forecast
30 May - 03
June

Gold weekly Review Weekly Review:   During the previous week ending 27th May 2016, Gold markets traded short as previously forecasted and even broken below the supportive trend line forming top of the descending channel. Following this break out, we are very reluctant to go long, instea

2016 EURUSD GBPUSD USDJPY
03
June

Wave Analysis EUR/USD is currently trading with a slight bullish bias. Yesterday, wave (5) ended a bit earlier than expected and even closed below our target resistance level 1.12177, before heading massively short. Following the break below 1.1160, we expect the current upward rally to be a mere c

Wave Analysis GBP/USD is currently trading with a slight bullish bias. Yesterday, the pair traded perfectly short as previously forecasted but could not close below 1.4395, we expect further movements to the lower side but only after a clear break below 1.4395, as long as the zone 1.4406-1.4395 pro

Wave Analysis USD/JPY is currently trading with a bearish bias. yesterday, the pair traded short as previously forecasted but could not close below 108.58. Earlier today, the pair retraced to the upper side but ended up being rejected from the upper resistive trend line forming top of the falling c

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