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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

13 - 17 June	weekly forecast 13 - 17 June Weekly Review Brent oil weekly review: Just as previously forecasted, the brent oil rallied to the upperside and is still showing signs of continuing much higher. As it is right now, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the More
2022	EURUSD	GBPUSD	USDJPY
17 June	We are sellers towards 1.0185. Wave Analysis: Previously this pair rebounded from the impulsive wave cycle three towards the upper trendline at the corrective wave cycle four just like the GBP. Right now the price is around the upper trendline I expect it to bounce back to the lower trendline around 1.0185 in continuation of the More	We are sellers towards 1.695. Wave Analysis: The Great British Pound and the Euro seems to be moving in the same direction on the four hour chart. During the previous trading days, the price rebounded from the impulsive wave cycle three towards the upper trendline at the corrective wave cycle four, right now the price is rally More	We are short. Wave Analysis: During the previous trading days,the price rallied around the upper trendline at the corrective wave cycle two for a while but later bounced off to the lower trendline at the impulsive wave cycle three. The price then rebounded to the upper trendline at the corrective wave cycle four More
16 June	We are short.	We are sellers towards 1.1830.	We are long.
15 June	We are short.	Wait.	We are on the sidelines
14 June	We are long.	We are short.	We are sellers towards 127.20
13 June	We are buyers.	We are on the sidelines.	We are short.

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Elliott waves analysis

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