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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

20 - 24 July	weekly forecast 20 - 24 July Buy Natural Gas Natural Gas weekly Review Wave Analysis The Natural gas is currently in a range, not going above 2.107 or below the 1.527. As long as the price remains within this range, we are waiting for a buy from the supportive trendline and a sell from 2.107. As it is now, we expect a possible contin More
2020	EURUSD	GBPUSD	USDJPY
24 July	Remain long towards 1.175. Wave Analysis Eurusd is currently in an active up trend, as long as the price remains above the Alligator indicator attached, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (v) to the upper side and should More	Wait for a sell from the upper trendline. Wave Analysis According to the chart attached, the British pound is currently in an active up trend. As long as the price remains above the 61.8% fib level, we expect further momentum to the upper side but should not go beyond the upper trend line. The anticipated bullish price rally is the contin More	Remain short towards 100.00. Wave Analysis Late yesterday, the US Dollar continued to the lower side an even went below the level 106.687, while the us dollar continues to sustain the break below this trend line, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuati More
23 July	Remain long.	Wait	Wait for a rebound from 107.359 to pick a sell position.
22 July	Remain long towards 1.17.	Look for low risk buy positions.	Wait for a possible buy from 106.760.
21 July	Remain short towards 50.0% fib level.	Look for sell positions	Expect a possible momentum towards 107.382.
20 July	Expect a possible breakout above 1.14520 towards 1.15.	Wait for a bounce from the lower trendline to pick a buy position.	Wait

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Elliott waves analysis

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