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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

26 - 30 June	weekly forecast 26 - 30 June Gold weekly Review Gold weekly Review Wave Analysis During the previous trading week ending 23rd June 2017, Gold markets fell as low as 1240.660 and as high as 1258.68 but ended up closing at 1256.30, just a few pips above its opening price. The previous week's candle is a perfect bullish pin bar and could driv More
2017	EURUSD	GBPUSD	USDJPY
30 June	Expect corrections anytime from now Wave Analysis: Perfectly as previously forecasted, the impulsive wave (v) extended higher and is still pretty much bullish on the daily chart. During this intraday, we expect a possible correction of this impulsive wave (v) but should not go beyond the support level 1.1289 from we'll be looking to More	Bulls taking the lead Wave Analysis: The cable is currently trading with a strong bullish bias momentum. During this intraday, We expect a possible impulsive wave count to the upper side and should not go beyond 1.3485. A break above this level may push the price further to the upper side with an ultimate target at 1.35 More	Waiting for a rebound around 111.52 Wave Analysis Yesterday, the US dollar daily candle opened at 112.28, went as high as 112.92 and as low as 111.80 but ended up closing at 112.16, just few pips below it's opening price. We expect the previous day's highest high 112.92 to have marked the end of the impulsive wave (iii), that the cur More
29 June	Bullish continuation candle	Bulls in control	Bullish pin bar candle on the daily chart
28 June	A break above 1.1248	We're back above 1.2777	Back above 111.97
27 June	Corrections	Expect a rebound from 1.2768 to short this pair towards 1.1448	USDJPY around our sell zone 111.94-111.69
26 June	Corrections	Expect a rebound from 1.27735	Waiting for a rejection from 111.904.

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Elliott waves analysis

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