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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

07 - 11 November	weekly forecast 07 - 11 November Buy Bitcoin BTCUSD Weekly Review Wave Analysis During the previous trading day, the Bitcoin rallied to the upperside and is no 21079.35. As long as the price remains above this level, I expect nothing but a possible momentum to the upperside is expected with an ideal target set at 25000.0 and may like More
2022	EURUSD	GBPUSD	USDJPY
11 November	We're buyers towards the upper trendline. Wave Analysis During the previous trading day, Euro failed to rally to the upperside, instead the price pulled back to the lowerside but is still above the blue Moving average. We are still expecting a bullish rally towards the upper trendline. On this chart, if the price breaks and closes above t More	We're waiting for a rebound from the lower trendline to pick a buy position towards the upper trendline. Wave Analysis During the previous trading day, the British pound pulled back to the lowerside but is still above the lower moving average. As long as the price remains above it, we expect nothing but a possible momentum to the upperside towards the upper trendline. If the upper trendline is broken More	Buy a rebound from 140.400 towards 144.90 Wave Analysis Yesterday, the US Dollar rallied with an intense bearish bias momentum and even went and closed below 144.809 but failed to break below 140.400, the latter is significant support level, and while the price does not clearly break and close below it, we choose to remain on the sideline More
10 November	Expect a rally towards the upper trendline.	We're buyers towards 1.17554.	We're buyers towards 140.90 towards 160.90.
09 November	We're buyers towards the upper trendline.	We're still long towards 1.17554.	Watch for a buy around 144.809 towards 160.90.
08 November	We're long towards the upper trendline.	We're buyers towards 1.17554.	We're buyers towards 150.90.
07 November	We're expecting further bullish rally towards 38.2% fib level.	We're buyers towards 1/17554.	We're buyers towards 160.09.

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Elliott waves analysis

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