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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

15 - 19 July	weekly forecast 15 - 19 July Buy Facebook Shares Facebook Weekly Review Wave Analysis Perfectly as previously forecasted, Facebook shares rose above the zone 196.84-195.46 and is still pretty much above this zone, as long as the price remains above this level, we expect nothing but a possible momentum to the upperside, the anticipated bullish More
2019	EURUSD	GBPUSD	USDJPY
19 July	EURUSD. We're looking for long term sell orders towards 1.12079. Wave Analysis: Instead of rallying to the lowerside, euro spiked to the upperside and even attempted a break above the uppertrendline. Now that the price is below this trendline, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of More	GBPUSD. Wait for a rebuy from 1.25350. Wave Analysis The cable is currently consolidating to the lowerside, we expect the current bearish price rally to be the continuation of the corrective wave (iv), but should not go beyond the 4 hour support level 1.25350. As long as the price remains above this level, we expect nothing but a possi More	USDJPY. Wait for a long term sell order from 107.790. Wave Analysis After breaking massively below the lower trendline, the US dollar is currently showing signs of pulling back to the upperside, this pair is still very bearish, the current move we're seeing to the upperside is the continuation of a corrective wave count but should not go beyond 107.7 More
18 July	EURUSD. Look for buy orders towards 1.12465.	GBPUSD. Wait for a sell from 1.24400.	USDJPY. Look for sell orders towards 107.235.
17 July	EURUSD. Wait	GBPUSD. We're looking for a sell from around 1.24280.	USDJPY. We're looking for long term buy orders towards the upper trendline.
16 July	EURUSD. Wait and sell a break below 1.12439 with your take profit at 1.12129.	GBPUSD. Remain short towards 1.24696.	USDJPY. Look for low risk buy orders towards 106.740
15 July	EURUSD. Buy now with your target at 1.14231.	GBPUSD. Look for a buy from 1.2558	USDJPY. Look for buy orders towards 109.05

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Elliott waves analysis

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