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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

14 - 18 March	weekly forecast 14 - 18 March Weekly Review Gold Weekly Review Wave Analysis Last week, gold rallied to the upperside but failed to break above the level 2037.43. As long the price does not clearly break above this level, we are waiting for a possible long term sell position expecting the price to rebound from 1883.03. I More
2022	EURUSD	GBPUSD	USDJPY
18 March	We are sellers towards 1.1000. Wave Analysis: During the previous trading days the price rallied to the upper side in a continuation of the impulsive wave count three which is in line with the current uptrend.Th price is now on the upper trendline, we expect it to bounce back towards 1.1000 in continuation of the impulsive wave More	We are sellers towards 1.2905. Wave Analysis: The Great British Pound is on a downtrend,the price is currently on a corrective wave count four.We expect the price to continue to the lower side towards 1.2905,the anticipated bearish move is a continuation of the impulsive wave cycle five.On the flip side, should the price break a More	Wait. Wave Analysis: This pair broke above the upper trendline in continuation of the impulsive wave cyle five.From where the price is at currently,we expect a retracement to the upper trendline around 117.70,then a further bullish momentum towards 119.15 and much higher.If you are looking at this pair More
17 March	We are sellers towards 1.0610.	We are sellers.	We are buyers.
16 March	We are buyers towards 1.1155.	Wait.	We are buyers.
15 March	We are sellers towards 1.05925.	Wait.	Wait.
14 March	We are sellers.	We are sellers.	Wait.

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Elliott waves analysis

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