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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

20 - 24 June	weekly forecast 20 - 24 June Waiting to buy Gold Natural Gas Weekly Review Wave Analysis: During the past week, the natural gas rallied to the lowerside but could not break below the level 6.586. This is a key support level and while the price does not clearly break and close below it, I expect a possible rebound from it to pick a buy positio More
2022	EURUSD	GBPUSD	USDJPY
24 June	We are buyers. Wave Analysis: The Euro has been trading within the upper and the lower trendline for sometime now, recently the price bounced off from the upper trendline towards the lower side at the corrective wave cycle four. Right now, the price is around the lower trendline rallying towards the upper trendl More	Wait. Wave Analysis: The Great British Pound is currently trading in a contracting wedge formation, previously the price rebounded from the corrective wave cycle two towards the upper side at the impulsive wave cycle three. The price then bounced back at the lower trendline at the corrective wave cycle More	We are sellers. Wave Analysis: During the previous trading days, this pair rallied around the upper trendline for a while but bounced back towards the lower trendline at the impulsive wave cycle three. As at now the price on the upper trendline at the corrective wave cycle three, I expect a bearish momentum towar More
23 June	On the sidelines.	We're watching for a rebound from 1.20679 to pick a low risk buy position.	We're buyers towards 140.0.
22 June	We are long.	We are buyers towards 1.2280.	We are short term sellers.
21 June	We are sellers towards 1.0070.	We are sellers towards 1.1610.	We are short.
20 June	We are short.	We are short.	We are buyers towards 136.55.

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Elliott waves analysis

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