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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

17 - 21 October	weekly forecast 17 - 21 October Weekly Review Gold Weekly Review: Wave Analysis: During the previous week, Gold failed to sustain itself above 1685.77. As long as the price remains below this level, we expect nothing but a possible momentum tp the lowerside, the anticipated bearish price rally is the continuation of the last impulsive More
2022	EURUSD	GBPUSD	USDJPY
21 October	We're sellers towards 0.93 Wave Analysis: Just as previously forecasted, Euro is currently in an active down trend. On this chart, we are strictly looking for long term sell positions, the anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and will see the price rally towards More	We're sellers towards 1.03 Wave Analysis: The British pound is currently heading to the lowerside. As long as the price remains below the two moving averages, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave count and will see the price r More	We're buyers towards 150.90 Wave Analysis: The US Dollar continues to rally to the upperside as previously forecasted and is not showing any signs of pulling back, on this chart, we expect nothing but a possible momentum to the upperside. On this chart, we are looking forward for a possible long term buy position with the nex More
20 October	We're sellers towards 0.93	We're sellers towards 1.02	We're buyers towards 149.90.
19 October	We're sellers towards 0.9370	We're on the sidelines for now	We're buyers towards 149.90
18 October	Watch for a rebound along the upper blue line to pick a possible sell position.	Wait	We're buyers towards 149.90.
17 October	We're sellers		We're buyers towards 149.90.

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Elliott waves analysis

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