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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

07 - 11 June	weekly forecast 07 - 11 June Buy Gold Gold Weekly Review Wave Analysis Last week, Gold rallied to the lowerside and even attempted to break below the previous week's lowest low, but ended up closing above it. As it is now, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the co More
2021	EURUSD	GBPUSD	USDJPY
11 June	We're sellers towards 1.20795. Wave Analysis Euro is yet to make any significant move to the lowerside after the rebound from the upper trendline. As it is now, we are looking for a possible long term sell position. And as we said during the previous, the anticipated bearish price rally is the continuation of the last impulsive More	Wait and sell a rebound from the upper trendline towards the lower trendline. Wave Analysis The British pound is still within a range, not going above the upper trendline or below the lower trendline. If the price bounces off from the upper trendline, then this will be a good place to consider a possible long term sell position. If the price breaks above the same trendline t More	Wait and buy a rebound from the lower trendline towards 116.00. Wave Analysis The Us dollar us currently rallying around a significant supportive trendline. This is a very good level and while the price does not clear not clearly break and close below it, this is a good place to consider a possible long term buy position. The anticipated bullish price rally is More
10 June	Look for long term sell positions towards the lower trendline.	Wait	We're buyers with an ultimate target at 116.78.
09 June	We're still buyers.	Wait	Look for low risk sell positions towards the lower trendline.<
08 June	We're buyers.	We're watching for possible buy places	We're looking for a possible long term sell opportunity.
07 June	We're buyers with an ideal target set at 1.25 or even higher towards 1.26 or even higher.	We're bullish upwards 1.45.	We're sellers towards the lower trendline.

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Elliott waves analysis

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