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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

14 - 18 June	weekly forecast 14 - 18 June Weekly Review Gold Weekly Review Wave Analysis Few days ago, gold bounced off from the level 1902.32, however, the price is yet to make any significant move to the lowerside. As long as the price remains below the level 1902.3, we are sellers. The idea is to pick low risk sell positions expecting surge More
2021	EURUSD	GBPUSD	USDJPY
18 June	We're holding onto a possible long term sell position towards 1.14755. Wave Analysis Yesterday, Euro continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the level 1.22330, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continua More	We're sellers towards 1.37 Wave Analysis The British pound continues to rally to the lowerside and is still pretty much bearish. As long as the price remains below the Alligator indicator, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive More	We're sellers towards 109.600. Wave Analysis After failing to breakout above the upper trendline, the US Dollar is currently heading to the lowerside. As it is now, we are expecting further momentum to the lowerside and may eventually break and close below the lower trendline. If this is the case, then a momentum towards 108.443 More
17 June	We're sellers towards 1.18840.	We're sellers towards 1.37090.	Hold onto long position towards 116.00.
16 June	Wait for a low risk sell position with an ultimate target set at 1.14755.	As long as the price is below 1.40927, we are sellers towards 1.37080.	Remain long towards 116.00.
15 June	We're sellers towards 1.14755	Wait	We're buyers towards 116.00.
14 June	We’re sellers towards 1.14755.	Wait and buy a breakout above 1.42 towards 1.43.	Watch for a possible buy signal towards 110.90

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Elliott waves analysis

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