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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

24 - 28 January	weekly forecast 24 - 28 January Weekly Review Brent Oil Weekly Review Wave Analysis During the previous trading week, Brent oil broke above 86.92, then pullback to the same level. As long as the price remains above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the More
2022	EURUSD	GBPUSD	USDJPY
28 January	We are short time buyers towards 1.1230. Wave Analysis: During the last few trading days the price rallied on the upper drendline for quite sometime,but it eventually bounced off to the lower trendline.Currently the price is headed upwards in continuation of the corrective wave cycle four.From the upper trendline I expect it to continue More	We are sellers with our ideal target at 1.3050 Wave Analysis: Previously this pair bounced off from the upper trendline the price is massively progressing downwards, we expect the price to go up to 1.3050 or even break below further downwards in continuation of the impulsive wave cycle five. If you are looking at this pair we are short with the More	We are buyers towards 116.90. Wave Analysis: This pair has been trading within the upper and the lower trendline for a while now, the price is currently headed to the upper trendline, as of now we are buyers with our first ideal target at 116.90,should the price break and close above this level then we expect further momentum t More
27 January	We are sellers towards 1.0880.	We are sellers with an ideal target at 1.3365.	We are sellers with our ideal target at112.20.
26 January	We are sellers towards 1.0880.	We are sellers.	We are buyers towards 116.90.
25 January	We are sellers towards 1.0920.	We are sellers.	We are buyers from113.72 to 117.00.
24 January	We are sellers towards 1.1215.	We are sellers towards 1.3000.	Wait for a clear sign to pick a sell or buy.

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Elliott waves analysis

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