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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

21 - 25 June	weekly forecast 21 - 25 June Sell Toyota shares towa\rds 162.85. Toyota Weekly Review Wave Analysis During the previous tradi8ing week ending 18th of June, Toyota shares declined steeply and is still pretty much bearish. If you are looking at this chart at the moment, I recommend you keep looking for low risk sell positions expecting the price to More
2021	EURUSD	GBPUSD	USDJPY
25 June	Wait Wave Analysis Just as the the British pound nothing much happened on this pair, the price pulled slightly to the upperside and is still pretty much consolidating within the previous day's highest high and lowest low. If the price breaks and closes below the previous day's lowest low, then this will More	We're sellers towards 1.37 Wave Analysis During the previous trading day, the British pound rallied to the lowerside but did not make any significant rally downwards, as it is now, we are sellers. Keep looking for long term sell positions. The ideal is to wait for a clear breakout below the previous day's lowest low to pic More	Wait Wave Analysis During the previous trading day, nothing much happened on this pair. Acccording to the daily chart, we are above a significant resistance level 110.665. As long as the price remains above this level, we expect nothing but a possible momentum to the upperside, the idea is to wait More
24 June	Wait.	Wait and sell a clear breakout below the day's lowest low.	We're looking for sell positions towards the lower trendline.
23 June	We're waiting for a possible sell signal with our target set around 1.1818	We're buyers with an ideal target set around 1.415	Wait and sell a rebound from the upper trendline.
22 June	we're sellers towards 1.17	We're waiting for a possible long term sell position towards 1.39	We're looking for a possible long term buy position
21 June	Wait and sell a break below 1.18315	Wait	Hold onto a seller's perspective towards the lower trendline.

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Elliott waves analysis

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