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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

15 - 19 August	weekly forecast 15 - 19 August Weekly Review DAX30 WEEKLY REVIEW: Wave Analysis: According to the monthly chart attached, German stock's index is currently in a a corrective mode. We expect the price to continue to the upperside and should see the price continue to the upperside and may likely head much higher with the next ide More
2022	EURUSD	GBPUSD	USDJPY
19 August	We're sellers. Wave Analysis: Despite being positively correlated to the British pound, Euro continues to rally much lower following the break below 1.05045. As is it is right now, we expecct a possible extension to the lowerside, I recommend looking for low risk sell positions expecting the price to continue muc More	We're waiting for the close of this month's candle, but, we could look for low risk buy positions. Wave Analysis: On the Monthly chart attached, the British pound continues to rally to the lowerside despite being on a monthly support zone 1.22254. This a monthly supportiove zone and while the priee remains aboe it, we don't expect the impulsive wave(5) to continue any lower. The idea on this cha More	We're buyers towards 140.89 Wave Analysis: As previously expected the United states dollar continue to rally to the upperside as previously forecasted and is not showing any signs of contuing to the lowerside. On this chart, we are holding onto buyers perspeccive expecting the price to continue much higher with the next ideal More
18 August	We're waiting for a buy along the lower trendline towards the upper trendline.	We're on the sidelines.	We're waiting for a break above 135.413 and may continue much higher towards 137.344.
17 August	We're watching for low risk buy positions towards the upper trendline.	We're buyers towards 1.22927	We're buyers towards 135.413.
16 August	We're waiting for a rebound from 1.01430 towards the upper trendline.	Wait and buy a rebound from 1.20211-1.20113 and have your take profit at 1.22927	We're buyers towards 135.413
15 August	We're watching for a possible sell position from 1.03653-1.03236 towards 0.99730.	We're on the sidelines for now.	We're sellers towards 130.988.

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Elliott waves analysis

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