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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

27 June - 01 July	weekly forecast 27 June - 01 July Weekly Review Natural gas weekly Review Wave Analysis: During the previous week, natural gas rallied to the lowerside after an impulsive move to the upperside, we expect this bearish rally to be a corrective wave count and may see the price rally even further lower this week, ideally, we are expec More
2022	EURUSD	GBPUSD	USDJPY
01 July	We are buyers. Wave Analysis: The Euro is currently trading in a contracting wedge formation, previously the price bounced back to the lower trendline at the corrective wave cycle four, and the price is currently rallying around the lower trendline. I expect a bullish momentum towards the upper trendline around 1 More	We are long. Wave Analysis: The price has been trading within the upper and the lower trendline for a while, recently the price bounced off from the upper trendline at the impulsive wave cycle three towards the lower side at the corrective wave cycle four. Right now the price is on the lower trendline I expect More	We are buyers towards 136.70. Wave Analysis: During the previous trading days, the price rallied from the upper trendline at the corrective wave cycle three towards the lower trendline at the impulsive wave cycle four. As at now the price is on the lower trendline, I expect a bullish momentum from 135.11 towards 136.70 in conti More
30 June	We are buyers.	We are sellers.	We are buyers.
29 June	We are buyers towards 1.0605.	We are long.	We are buyers towards 136.95.
28 June	Wait.	We are buyers.	We are buyers towards 135.65.
27 June	We are buyers towards 1.0705.	We are on the sideline.	Wait.

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Elliott waves analysis

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