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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

12 - 16
June
weekly
forecast
12 - 16
June

 Silver Weekly Review XAGUSD is indeed displaying a strong bullish trend at the moment, characterized by an impulsive phase. Additionally, it is observed that the market is forming a corrective pattern, specifically an expanding channel, around the 24.247 level. It is important to note that an ex

2023 EURUSD GBPUSD USDJPY
16
June

EURUSD is presently undergoing a bearish corrective phase following the ABC corrective pattern. Additionally, we observe an ascending channel formation on the chart, originating from the major impulsive wave "I" at 1.0776. Ascending channels typically indicate a potential bearish reversal in the ma

GBPUSD has experienced a decisive breakout above the resistance zone at 1.2668, aligning with our previous analysis (6/15/2023). The pair is still in the process of completing the impulsive phase. The bullish breakout above the resistance zone serves as a strong confirmation of the bullish sentimen

USDJPY is currently very bearish. The market is in a corrective phase. The price is currently declining, suggesting a bearish sentiment in the market. Based on this analysis, it is expected that the market will continue to drop, potentially reaching the level of 139.01. This level corresponds to th

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June
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