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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

04 - 08 July	weekly forecast 04 - 08 July Weekly Review SPX500 Weekly Review: Wave Analysis: Last month, the SPX500 rallied to the lowerside and is still showing signs of continuing even lower. As it is right now, we are looking forward to a possible rally towards 3455.6 and is likely break and close below it. If the price breaks below it, then furth More
2022	EURUSD	GBPUSD	USDJPY
08 July	Wait. Wave Analysis: This pair is currently on a downtrend, previously the price rallied around the upper trendline but eventually bounced off from the corrective wave cycle four towards the lower trendline in continuation of the impulsive wave cycle five. Right now the price is rallying around the lower More	We are sellers. Wave Analysis: During the previous trading days, the price rallied from the corrective wave cycle two towards the upper side at the impulsive wave cycle three. As at now the price is rallying to the lower side, I expect it to go up to 1.1815 at the corrective wave cycle four then rebound towards th More	We are buyers towards 136.05 Wave Analysis: The US Dollar is currently trading in a contracting wedge formation, recently the price rebounded to the upper trendline at the impulsive wave cycle three and rallied around but then bounced back to the lower trendline at the corrective wave cycle four. Right now the price is on the More
07 July	Wait.	We are on the sidelines.	Wait.
06 July	We are on the sidelines.	We are buyers.	We are long.
05 July	We are short.	We are sellers.	We are short.
04 July	We are buyers.	We are short.	We are buyers.

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Elliott waves analysis

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