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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

06 - 10 June	weekly forecast 06 - 10 June Weekly Review HongKong Stock's Index Wave Analysis: Last week, the HongKong Stock's Index rallied to the lowerside but ended up pulling back and closing as a bullish pin bar candle. On this chart, we weree looking for a possible buy position from around 19186.9, however, as it is right now, I expect nothing More
2022	EURUSD	GBPUSD	USDJPY
10 June	We are buyers. Wave Analysis: During the previous trading days, the price bounced off from the upper trendline towards the lower side at the corrective wave cycle five. At the moment the price is on the lower trendline, I expect a rebound towards the upper side around 1.0890 in continuation of the impulsive wave More	We are short. Wave Analysis: During the previous forecast we had anticipated a further bearish momentum from the upper trendline towards the lower trendline in continuation of the impulsive wave cycle five. The price is still around the upper trendline, If you had picked a sell hold with your take profit at 1.1 More	Wait. Wave Analysis: This pair is currently trading in a contracting wedge formation, recently the price rebounded from the lower trendline at the corrective wave cycle two towards the upper trendline at the impulsive wave cycle three. Right now the price is rallying towards the lower trendline, I expec More
09 June	We are sellers.	We are short.	We are buyers towards 135.20.
08 June	We are sellers towards 1.0045.	We are short.	We are short.
07 June	We are short.	We are sellers towards 1.1845.	Wait.
06 June	We are buyers.	We are buyers towards 1.2560.	We are long.

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Elliott waves analysis

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