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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

29 July - 02 August	weekly forecast 29 July - 02 August Weekly Review GazpromNef Weekly Review Wave Analysis: During the previous trading week, GazpromNef rose tremendously and is still pretty much bullish both on the weekly and the monthly charts. As long as the price remains above the supportive trendline, we expect nothing but a possible momentum to the upp More
2019	EURUSD	GBPUSD	USDJPY
02 August	Sell this EURUD from 1.11105 Wave Analysis After a slight pullback to the upperside during this week, Euro spiked to the lowerside and is still very bearish both on the daily and the weekly charts. As long as the price remains below 1.11255, we expect nothing but a possible momentum to the lowerside. The anticipated bearish p More	GBPUSD. Look for long term sell orders Wave Analysis Since the beginning of this week, the cable has been in an active downtrend and is still pretty much bearish both on the 4 hours and the weekly charts, As long as the price remains below the level 1.22460, we expect nothing but a possible momentum to the lowerside, the anticipated be More
01 August	EURUSD. Look for sell orders	GBPUSD. Sell a breakout below the previous day's lowest low.	Look for low risk buy orders towards 110.00.
31 July	EURUSD. Expect a possible rally to the upperside.	GBPUSD. As long as the price remains above the upper trendline, look for buy orders.	USDJPY. Look for buy orders now
30 July	EURUSD. Sell a break below the supportive trendline towards 1.10970.	GBPUSD. Look for long term sell orders with an ultimate target at 1.20.	USDJPY. Wait for a bounce from the supportive trendline to pick a long term buy.
29 July	EURUSD. Look for long term sell orders.	Wait and resell GBPUSD from 1.2400.	USDJPY. Look for low risk buy orders towards 109.288.

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Elliott waves analysis

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