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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

10 - 14 October	weekly forecast 10 - 14 October Weekly Review Gold Weekly Review Wave Analysis: During the previous week, Gold attempted a break below the level 1685.77 but ended up again above it. As long as the price remains above this zone, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuatio More
10 - 14 October	weekly forecast 10 - 14 October Weekly Review Gold Weekly Review Wave Analysis: During the previous week, Gold attempted a break below the level 1685.77 but ended up again above it. As long as the price remains above this zone, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the contin More
2022	EURUSD	GBPUSD	USDJPY
14 October	We're sellers towards 0.93 Wave Analysis The Overal trend on this chart is bearish, however, we're seeing a current move to the upper side. As long as the price remains below the Envelope indicator, we are looking for a possible long term sell position. The anticipated bearish price rally is the continuation of the last imp More	We're sellers towards the previous months lowest low Wave Analysis According the daily chart attached, the British pound is currently heading to the lowerside, the idea on this chart is to keep looking for long term sell position. As much as we're looking at a possible bullish correction, we're likely not to see a break above the upper blue line, th More	We're buyers towards 145.90 Wave Analysis During the previous week, the US Dollar continued to move to the upperside and is not showing signs of moving to the lowerside, as it is right now, I am expecting a possible rally to the upperside and may see the price rally towards 145.89 and will likely continue to the upperside. O More
13 October	We're sellers towards 0.93	We're sellers towards 1.08220	Remain long towards 149.90.
12 October	We're sellers towards 0.91	We're sellers	We're buyers towards 149.090
11 October	We're sellers towards 0.93.	We're sellers towards 1.03820.	Wait
10 October	We're sellers towards 0.91.	We're sellers towards 1.03820.	We're buyers towards 149.90.

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Elliott waves analysis

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