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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

28 June - 02 July	weekly forecast 28 June - 02 July Weekly Review Silver Weekly Review Wave Analysis Silver is currently rallying within a minor range, within a contracting channel formation. If the price breaks out above the upper trendline, then this will push the price much higher. And if the price rebound from the upper trendline, then this will be a More
2021	EURUSD	GBPUSD	USDJPY
01 July	We're sellers towards 1.17 Wave Analysis Just as previous expected, Euro rallied massively to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. While the price remains below 1.18890, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the More	We're sellers towards 1.36 Wave Analysis: During the previous trading day, the British pound continued to the lowerside and is still pretty much bearish. As long as the price remains within the falling channel formation, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally i More	We're holding onto the previous week's buy position with an ideal target set at 114.036. Wave Analysis The USDJPY continues to rally to the lowerside but is Bullish in Overall. While the price remains above the Alligator indicator lines, we expect a continuation of the current impulsive wave count and should push the price much higher with the next ideal target set 114.36. A breako More
30 June	Wait for a sell from around 1.19600	Wait and buy a rebound from the lower trendline	We're buyers towards 114.036
29 June	We're sellers towards 1.1847 and may extend much lower	We're sellers towards 1.38	We're sellers towards the lower trendline.
28 June	We're sellers towards 1.18245.	We're waiting for a sell from around 1.39833	We're sellers towards the lower trendline.

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Elliott waves analysis

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