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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

23 - 27 May	weekly forecast 23 - 27 May Weekly Review Gas Weekly Review: Wave Analysis During the previous trading week, the natural gas rallied to slightly to the upperside and is still showing signs of continuing much higher. As it is right now, I expect nothing but a possible momentum to the upperside. The idea is to keep looking for low risk lo More
2022	EURUSD	GBPUSD	USDJPY
27 May	We are buyers towards 1.0890. Wave Analysis: The Euro is currently trading in an expanding wedge formation, the price has been rallying along the lower trendline at the corrective wave cycle four for a while now. Right now the price is rebounding towards the upper side, I expect it to upto around 1.0890 or eve much higher in c More	Wait. Wave Analysis: This pair is currently on an uptrend,the price has been trading within the upper and the lower trendline for a while now.During the previous trading days,the price rebounded from the lower trendline towards the upper side at the impulsive wave cycle five.From where the price is at t More	We are sellers. Wave Analysis; During the previous trading days,the price rebounded from the impulsive wave cycle three towards the corrective wave cycle four.As at now, the price is rallying towards the lower trendline,and I expect it to go upto around 125.75 or even much lower in continuation of the impulsive w More
26 May	We are sellers towards 1.0170.	Wait.	We are sellers towards 125.85.
25 May	Wait.	We are buyers towards 1.2645.	Wait.
24 May	Wait.	Wait.	We are sellers towards 126.55.
23 May	We are buyers towards 1.0660.	We are sellers towards 1.2450.	We are buyers towards 128.70.

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Elliott waves analysis

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