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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

Support and resistance system should only be used in a higher timeframe chart, like one hour and above. This is necessary because at such a higher time frame, brokers cannot manipulate the price to my disadvantage.

How I draw strong support and Resistance

Before I call a level strong, the same level must met the following conditions.

  1. Must have been used as a support before.
  2. Must have been used as a resistance before.
  3. There must be a big candle that broke through it at one point in the past!

Again, when drawing my support and resistance levels, I use a range, not a single line, this is because price tends to test particular level before retrieving, range caters for these levels.

26 - 30
September
weekly
forecast
26 - 30
September

 Gas Weekly Review Wave Analysis: During the previous week, the natural gas rallied to the lower and is still showing signs of continuing much lower. As long as the price remains below the colored zone shown above, I expect nothing but a possible momentum to the lowerside. The anticipated b

2022 EURUSD GBPUSD USDJPY
30
September

Wave Analysis: During the previous trading day, instead of continuing to the lowerside, Euro retraced massively to the upperside and is still showing signs of continuing much higher. As it is right now, I am waiting for a rebound from the upper moving average to pick a possible long term sell posit

Wave Analysis: yesterday, the British pound pulled back to the upperside and is still showing signs of continuing much higher. On this chart, I am looking for a possible continuation of the previous day's bullish rally and may see the price continue towards 1.14770 and could breakout upwards. If th

Wave Analysis: During the previous day, very little movements were seen to the lowerside, instead the price failed to break below the previous day's lowest low, or the previous day's highest high. While the price remains within these ranges, we are waiting for either a breakout above 144.680 to pic

29
September
28
September
27
September
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