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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

11 - 15
July
weekly
forecast
11 - 15
July

Weekly Review:   During The previous trading week ending 8th July 2016, Gold markets traded long as previously forecasted and is still pretty much bullish. During this intraday, we expect a possible bullish price movements towards 1383 and may even  break above it towards 1431. In the me

2016 EURUSD GBPUSD USDJPY
15
July

Wave Analysis EUR/USD is currently trading with a bullish bias. Yesterday, wave (c) traded long as previously forecasted but is yet to reach our target resistance level 1.1155. During this intraday, we expect a possible bullish rally towards 1.1155 or even higher to 1.1267. A clear reversal from th

Wave Analysis GBP/USD is currently trading with a bullish bias. Yesterday, the pair traded long as previously forecasted and is still pretty much bullish. We wait for a clear breakout above 1.3491 to give us the green light to continue long towards 1.41199. A clear rebound from 1.3491 will culminat

Wave Analysis USD/JPY is currently trading with a bullish bias. Yesterday, the pair traded long as previously forecasted and even hit our target resistant level 106.29. We wait for a clear breakout above 106.29 to signal the continuation of the previous day's bullish trend towards 108.96. This view

14
July
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July
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July
11
July
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