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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.

Elliott waves analysis

27 - 31
July
weekly
forecast
27 - 31
July

 Lukoil Weekly Review Wave Analysis Last week, Lukoil shares declined steadily but ended recovering just before the close of the week, we expert further momentum to the lower side while the price is held below the alligator indicator attached. On this chart, we are looking for sell position

2020 EURUSD GBPUSD USDJPY
31
July

Wave Analysis Despite the previous forecast that this pair could rally to the lower side, Eurusd rose tremendously and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the two simple moving average, we expect nothing but a possible momentu

Wave Analysis During the previous trading day, the British pound continued to the upper side and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the previous day's highest high, we expect nothing but a possible momentum to the upper side,

Wave Analysis During the previous trading day, the impulsive wave (v) continued to he lower side and is still pretty much bearish both on the daily and on the weekly charts. While the price is held below the Alligator indicator attached, we expect nothing but a possible momentum to the upper side,

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July
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