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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

10 - 14 June	weekly forecast 10 - 14 June Lukoil is in a corrective mode Gazprom Weekly Review Wave Analysis During the previous trading week, Gazprom Rallied massively to the upperside but failed to breakout above 251.10. The shares of this company are still in an active up trend, therefore, we recommend looking for long term buy orders with an ultimate target at More
2019	EURUSD	GBPUSD	USDJPY
14 June	We're looking for low risk buy positions Wave Analysis The previous day's rally saw euro close as a bearish pin bar. However, on the 4 hour chart attached, we're likely to see a momentum to the upperside. Thus, while there's an active sell on the daily chart, we're actually waiting for price to rise above the upper trendline to pick a lo More	We're looking for a low risk buy order towards 1.27350. Wave Analysis The cable is currently trading within a contracting wedge formation. As long as the price is contained between the two lines forming this wedge, we're only interested in trading reversals, basically, we're waiting for a bounce from the supportive trendline to buy the last impulsive wa More	We're looking for long term buy orders from 107.990 towards 112.011. Wave Analysis For sometimes now , the corrective wave [b] has been on the bearish end, but is currently approaching a key weekly support 107.999. This level is not only a weekly support, but also a daily support. As long as the price is contained above it, this is a good place to look for a buy f More
13 June	Wait	Wait for a possible buy from 1.26749, or a break below to pick a sell towards 1.25810.	Expect sellers to dominate today
12 June	On the sidelines but waiting for a low risk sell		We're still sellers in this market
11 June	Wait	We're looking for long term sell orders	Sell a bounce from the upper trendline.
10 June	Look for a sell from within the zone 1.14189-1.13761.	We're looking for long term sell orders.	At a weekly support, 108.451, but expect sellers to dominate soon

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Elliott waves analysis

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