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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

06 - 10
June
weekly
forecast
06 - 10
June

Gold weekly Review Weekly Review:   During the previous week ending 3rd June 2016, instead of going short as previously forecasted, Gold markets retraced massively to the upper side following the NFP results but could not close above the upper resistive trend line forming top of the fal

2016 EURUSD GBPUSD USDJPY
10
June

Wave Analysis EUR/USD Is currently trading with a bearish bias. This pair traded massively short during the previous trading day and is still pretty much bearish. Following the break below 1.1324, we still expect further movements to the lower side but should not close below 1.12177. This view rema

Wave Analysis GBP/USD is currently trading with a bearish bias. As previously forecasted, this pair broke below 1.4480-1.4468 and is still pretty much bearish. Although we still expect further movements to the lower side, we are waiting for minor upward retracements towards 1.4468 to give us low ri

Wave Analysis USD/JPY is currently trading with a bullish bias. Yesterday, the pair tested the support level 106.57, headed long but is yet to reach our target resistance level 107.37. We still expect further movements to the upper side towards 108.59 or even further to 109.59. Ideally, the anticip

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June
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