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Elliott waves analysis

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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Elliott waves analysis

28 November - 02 December	weekly forecast 28 November - 02 December Weekly Review Gold Weekly Review Wave Analysis: Gold continues to rally below the level 1756.85. As long as the price remains below the level 1756.85, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wav More
2022	EURUSD	GBPUSD	USDJPY
02 December	We're buyers towards 1.06. Wave Analysis During the previous trading day, Euro rallied to the upperside and went above the upper trendline. As it is right now, I expect nothing but a possible momentum to the upperside. The idea on this chart is to keep looking for low risk buy positions and will see the price rally towards More	We're buyers towards 1.23. Wave Analysis During the previous trading day, the British pound rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. On the hourly chart above, we expect nothing but a possible momentum to the upperside and will see the price rally towards 1.23 and More	We're sellers towards 120.90. Wave Analysis During the previous trading day, the US Dollar rallied to the lowerside and is still showing signs of continuing to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and will see the price rally towards 136.90 and w More
01 December	We're buyers towards 1.06.	We're buyers towards 1.22.	We're looking for a buy from 138.229 toward 140.090.
30 November	As long as the price remains above the zone 1.03899-.103563, we expect nothing but a possible momentum towards 1.10050.	We're waiting for buy positions.	Wait
29 November	As long as the price remains below 1.03899, we are looking for sell positions.	We're buyers towards 1.21460.	We're buyers for now towards 142.510.
28 November	We're buyers towards 1.11230.	We're buyers towards 1.22	We're sellers towards 135.99

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Elliott waves analysis

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