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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

26 - 30 June	weekly forecast 26 - 30 June Weekly Review Silver Weekly Review Based on the analysis provided, XAGUSD (Silver) is currently displaying an impulsive phase, specifically a V-wave impulsive pattern. The market has formed a falling wedge pattern, which extends from 23.214 to the end of the major impulsive wave "III" at 23.096. Falling wedges More
2023	EURUSD	GBPUSD	USDJPY
30 June	We're long EURUSD is still in an impulsive phase, with the market currently forming the impulsive major wave "V". The falling wedge pattern observed on the chart is seen as a bullish continuation pattern, indicating that the bulls are still in control. Given this analysis, you can consider placing a buy order More	We're long GBPUSD is still in an impulsive phase, but it hasn't yet formed the expected double bottom as previously predicted. Currently, the market is consolidating around major impulsive wave "IV". The recommendation is to wait for the market to form the double bottom pattern before entering a buy trade. On More	We're short USDJPY has completed the impulsive phase and is currently in a corrective phase, specifically the ABC corrective pattern. The formation of an ascending channel from 142.93 to 144.89 is seen as a bearish reversal pattern, indicating a potential downtrend in the market. Additionally, the market form More
29 June	We're buyers for now	We're long	We're buyers for now
28 June	We're long for now	We're long	We're short
27 June	We're long	We're long for now	We're short for now
26 June	We're long	We're long	We're short

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Elliott waves analysis

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