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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

24 - 28 June	weekly forecast 24 - 28 June Weekly Review Barclays Bank Review Wave Analysis: During the previous trading week, Barclays bank shares declined perfectly as forecasted and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below the upper resistive trendline, we expect nothing but a poss More
2019	EURUSD	GBPUSD	USDJPY
28 June	EURUSD. Rebuy euro from 1.13470. Wave Analysis Still nothing much happening on this pair. The price is still rallying in between the two key levels 1.13478 and 1.14379. As long as the price remains between these two levels, we're only interested in trading reversals. A bounce from 1.13470 will mean we're looking for a buy order, w More	We're looking for a sell towards 1.24925. Wave Analysis Just as in the Euro,. the cable is still rallying below the upper trendline. As long as this is true that the price is below this trendline, we expect nothing but a possible decline towards 1.24925. The current chart set up and structure is very bullish and therefore, chances of pric More	Resell the US Dollar from 107.890 towards 106.020. Wave Analysis The previous trading day was a perfect bearish pin bar candle bouncing off of a key resistance level 107.890. This is a key level and as long as the price remains below this level, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the More
27 June	Place buy a buy limit from 1.13478 towards 1.14379.	GBPUSD. We're looking for sell orders towards 1.24925	USDJPY. Rebuy the US Dollar from 107.690 towards 109.490.
26 June	Buy the cable from 1.13479 towards 1.14379.	Look for sell orders towards 1.24925.	Wait for a resell from 107.898.
25 June	EURUSD. Buyers still in control	Look for a buy position towards 1.28740.	Wait for a resell from 107.898.
24 June	EURUSD. Rebuy euro from 1.13477 towards 1.14379.	GBPUSD. Wait for a bounce from 1.27591 to pick a low risk sell.	USDJPY. We’ re looking waiting for retracements back towards 107.890 to pick a long term sell order.

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Elliott waves analysis

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