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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

2024	EURUSD	GBPUSD	USDJPY
06 September	EUR/USD. The movement potential still remains interesting for purchases. The price continued to move up seriously intending to update the maximum set earlier by wave 3 soon. However, everything may not be so simple. Before a decisive surge, the price may make a corrective rebound or sharply reduce activity1.1200. GBP/USD. for some time and move sideways. The situatio More	GBP/USD. A decline may soon begin. The situation on the considered pair continues to develop within the framework of the previously considered wave scenario. Let us remind that, presumably, an extension is currently being formed in wave [iii] of the upward impulse. Within this extension, a corrective wave 2 is presumably developing More	USD/JPY. The price will begin to grow impulsively within the forming correction. The sellers decided to try to storm the previously set price minimum and brought the course of the considered pair close to this value. However, the situation is very similar to the fact that the development of the correction will continue. Then this reduction is false and it is unlikely that we s More
05 September	EUR/USD. The situation remains favorable for purchases.	GBP/USD. The correction development in wave 2 continues.	USD/JPY. Another attempt to make money on the corrective growth.
04 September	EUR/USD. Another attempt to resume the uptrend.	GBP/USD. Price may slightly rise.	USD/JPY. A weak corrective rise is expected.
03 September	EUR/USD. Beginning of development of the fifth ascending impulse wave.	GBP/USD. The price is aimed at renewing this year's maximum.	USD/JPY. Price continues to develop a corrective structure.
02 September	EUR/USD. Resumption of the upward impulse movement.	GBP/USD. Price prepares for another wave of growth.	USD/JPY. Expected growth within forming correction.

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Elliott waves analysis

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