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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

08 - 12 July	weekly forecast 08 - 12 July Buy Facebook Shares Facebook weekly review Wave Analysis In the Nasdaq 100 index, Facebook stock is the only share that has climbed significantly. This follows the launching of the Facebook Libra crypto currency, that is currently being seeing as a possible alternative to the United States Dollar. On the technic More
2019	EURUSD	GBPUSD	USDJPY
12 July	EURUSD. We're looking for buy orders towards 1.1348. Wave Analysis During the previous trading day, Euro rose significantly and is still pretty much bullish both on the daily and the weekly charts. As long as the price remains above 1.1245, we expect a steep momentum even further to the upperside. The anticipated bullish price rally is the continuat More	GBPUSD. Only sell a breakout below 1.24925 Wave Analysis The cable is currently trading above 1.24925, as long as the price remains above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count but should not go beyond 1.27585. And on the fli More	USDJPY. Rebuy US Dollar from 107.90 Wave Analysis the US Dollar is currently trading above a key resistance level 107.90. We're still upwards with the position we took during the previous trading day, and while the price is above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price ra More
11 July	EURUSD. We're looking for a sell from 1.1305.	Sell GBPUSD Below 1.2492.	USDJPU. Place a pending buy limit order around 107.90 take profit at 109.15.
10 July	EURUSD. We're on the Sidelines	GBPUSD. Sell a breakout below 1.24484 towards 1.24340.	USDJPY. Rebuy the from 108.700.
09 July	EURUSD. We're looking for long term sell orders towards 1.09510.	GBPUSD. Buy a bounce from the supportive trendline towards 1.25565	As long as the price remains above 108.620, we're looking for long term buy orders.
08 July	EURUSD. We’re looking for long term sell orders towards 1.10620.	GBPUSD. Wait for a sell from 1.25645 towards 1.24755.	USDJPY. Buy a breakout above 109.027 or sell a bounce from 108.762 towards 107.050

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Elliott waves analysis

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