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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

03 - 07 January	weekly forecast 03 - 07 January Weekly Review SPX500 Weekly Review Wave Analysis Few days ago, SPX500 continued to the upperside and even went above 4755.1-4718.8. As long as the price remains above the upper zone, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of th More
2022	EURUSD	GBPUSD	USDJPY
07 January	We're buyers towards the upper trendline. Wave Analysis: The EURUSD is currently in a range, not going above or below the trendline. Yesterday, we took a buy after the rebound from the lower trendline and is still holding. Onur expectations is that the price should continue to move to the upperside and may see the price break above the upp More	We're buyers towards 1.3855 Wave Analysis: During the previous trading day, the British pound moved massively to the lowerside but ended up closing as a bullish pin bar. As it is right now, I expect nothing but a possible momentum to the upperside. As it is right now, I expect nothing but a possible momentum to the upperside More	We're sellers towards the lower trendline Wave Analysis After a massive move to the upperside, the US Dollar is currently around the upper trendline. While the price does not clearly break and close above this level, we are waiting for a clear rebound from the upper trendline to pick a possible long term sell position towards the lower tre More
06 January	Expect a possible rally towards the upper trendline.	We're waiting to sell a rebound from the level 1.3619 to pick a long term sell position towards the lower trendline.	We're on the sidelines.
05 January	We're on the sidelines.	We're waiting to sell a rebound from the upper trendline towards 1.3070.	We're sellers towards the lower trendline.
04 January	We're on the sidelines for now,	We're waiting to sell a rebound from the upper trendline towards the lower trendline	Wait and buy a break above 116.43 towards 118.90.

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Elliott waves analysis

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