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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.

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20 - 24
June
weekly
forecast
20 - 24
June

Gold weekly review Weekly Review   During the previous week ending 17th June 2016, the gold markets traded long for the better parts of the week but is yet to reach our target resistance level $1320. During this week, we still expect further movements to the upper side for wave (4) to e

2016 EURUSD GBPUSD USDJPY
24
June

Wave Analysis EUR/USD is currently trading with a bearish bias. Earlier today, following the Brexit, euro traded massively short and even broke below our ultimate target 1.1142. During this intraday, we are very reluctant to execute long trades, instead, in the meantime, we remain flat for protecti

Wave Analysis GBP/USD is currently trading with a strong bearish bias. As previous forecasted, Brexit clearly hurt the British pound, the Cable deprecated to the lows of 1.1322 and may head further to the lower side. Although there may still be downward momentum, we remain flat, unless you are a pr

Wave Analysis USD/JPY is currently trading with a strong bearish bias. Following the Brexit, most currencies moved unanimously to the lower side including the US dollar Yen. We expect a possible bearish momentum towards 99.02. Thus, during this intraday, we will only be keen to look for signals tha

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