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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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13 - 17
June
weekly
forecast
13 - 17
June

Gold Weekly review: Weekly Review:   During the previous trading day ending 10th June 2016, Gold markets traded long and even broke above the upper resistive trend line forming top of the falling channel. This commodity is still pretty much bullish and may head further to the upper side

2016 EURUSD GBPUSD USDJPY
17
June

Wave Analysis: EUR/USD is currently trading with a bearish bias. Yesterday, the pair traded short as previously forecasted and even hit our target support level 1.1142. Earlier today, the pair retraced to the upper side but is yet to reach our target resistance level 1.1291. We expect further rally

Wave Analysis: GBP/USD is currently trading with a bearish bias. Yesterday, wave (c) went a bit lower than expected and even closed below 1.4103, we expect the level 1.4281 to have marked the end of the three wave cycle with wave (c) ending at 1.4281. As long as the pair trades below 1.4281, we exp

Wave Analysis: USD/JPY is currently trading with a bearish bias. Yesterday, the pair broke below the falling wedge and is still pretty much bearish. The daily candle is very bearish which means the bears may still be having enough energy to drive the market to the lower side, thus, during this intr

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