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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.

Elliott waves analysis

09 - 13
July
weekly
forecast
09 - 13
July

HSI Weekly Review Wave Analysis: After breaking below 29228, Hong Kong Stock index rallied rapidly to the lowerside but ended up establishing a support around 28032. This is a key area even on the weekly chart. And as long as it contains the price above it, we expect a possible rally to the uppe

2018 EURUSD GBPUSD USDJPY
13
July

Wave Analysis: Despite the previous forecasts that this pair could rally intensely to the upper side, eurp continues to loose value but is still above the weekly supportive zone 1.16067-1.14595. As long as the price is contained above this zone, we expect a possible rally to the upperside. Ideally,

Wave Analysis Despite the previous week's bullish pin bar bouncing from the weekly support level 1.31, the cable continues to rally to the lowerside and is showing signs of ralling even lower. If the current weekly candle can close perfectly as it is right now, then we'd expect a momnetum to the low

Wave Analysis Perfectly as we forecasted a fortnight ago, the US Dollar rallied a higher and even went above the short term resistance line 111.080 and is still pretty much above this line. As long as this level protects the lowerside, we expect a possible rally to the upper side. The anticipated bu

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July
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