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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 Weekly Review Gold Weekly Review XAUUSD is presently in the process of forming the impulsive V wave pattern. The price is currently at the level of the corrective major impulse wave (IV) at 1930.19, which also corresponds to a support zone. I anticipate that the market will form a double bottom pattern at this More
2023	EURUSD	GBPUSD	USDJPY
09 June		We're long for now EURUSD is indeed displaying a bullish movement in alignment with the previous analysis from June 9, 2023. The market is still in a corrective phase and currently resides near a resistance zone at 1.0784. The expectation is for the price to potentially form a bullish continuation pattern, such as a More	We're short for now USDJPY is indeed exhibiting a bearish sentiment, aligning with the previous analysis from June 9, 2023. The market remains in a corrective phase and is presently forming the minor wave "C". Additionally, the price has reached a support zone at 138.77, which adds significance to this level. Based on More
08 June	We're long	We're sellers for now.	We're short
07 June	We're long for now	We're buyers for now	We're short
06 June	We're long	We're buyers	We'r short
05 June	We're buyers for now	We're buyers for now	We're short

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Elliott waves analysis

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