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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

29 June - 03
July
weekly
forecast
29 June - 03
July

Gold Weekly Review  Wave Analysis During the previous, Nothing significant appeared to have happened on this pair. As long as the price remains above the two simple moving averages, we expect nothing but a possible momentum to the upper side, we're waiting for a clear breakout above 1778.31

2020 EURUSD GBPUSD USDJPY
03
July

Wave Analysis Just as previously expected, Euro bounced off from the upper trend line, headed straight to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the upper trend line, we expect nothing but a possible momentum to

Wave Analysis The previous day the British pound opened at 1.2468, went as high as 1.2529, but ended up closing at 1.2465 just a few pips below its opening price, the previous day's candle is a perfect bearish pin bar candle. As long as the price remains below the previous day's highest high, we ex

Wave Analysis The Us Dollar continues to rally within the range, not going above or below the supportive trend line. As long as the price remains within this range, we're waiting for a either a bounce from the upper trend line to pick a sell or a bounce from the lower trend line to pick a buy. In c

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July
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