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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

25 - 29 June	weekly forecast 25 - 29 June Weekly Review HSI weekly Review Wave AnalysisDuring the previous week, Hong Kong Stock’s index rallied intensely to the lower side but failed to breakout below the daily support level 29278.23. This is both a daily level and also a weekly level, and as long as the price remains above this level, we expect the More
2018	EURUSD	GBPUSD	USDJPY
29 June	We're long from 1.16067 Wave Analysis Earlier today, euro rallied massively to the upper side after a rebound from the weekly support level 1.16067 and is still pretty much above this level. As we forecasted, while the price remains above the supportive zone 1.16067-1.14595, we expect the rebound from this zone to have ma More	We're still short Wave Analysis For the better part of this week, the impulsive wave (c) has extended significantly to the lower side and is still pretty much bearish both on the daily and the weekly charts. However, on the monthly, we're likely to witness a scenario where the price moves slightly to the lower side More	buy US Dollar above 111.080. Wave Analysis On the daily charts, there are only three key level to check for trades 108.396, 111.080 and 114.360. If the price can rebound from these lines, then these will be the best places to look for long term trades, At the moment on the daily, the US Dollar is approaching the middle level 1 More
28 June	You can rebuy euro around 1.1455	You may sell the cable upon a clear breakout below last week's lowest low	We're long towards 111.080.
27 June	Rebuy euro around 1.1502.	We're short below 1.3306	We're long towards 111.060
26 June	We're still long	Only buy the cable above 1.3296	We're short towards 108.396
25 June	We’re long from 1.16067	As long as the price remains below 1.32965, we expect further rally to the lower side.	Remain short towards 108.398.

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Elliott waves analysis

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