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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

20 - 24 December	weekly forecast 20 - 24 December Buy Brent Oil along the lower trendline Brent Oil weekly Review Wave Analysis During the previous trading week, Brent oil bounced off from the lower trendline, headed straight to the upperside and is still showing signs of continuing much lower. As it is right now, we are looking for further momentum to the upperside and m More
2021	EURUSD	GBPUSD	USDJPY
24 December	We're expecting a possible long term sell position Wave Analysis Yesterday, nothing much happened on the Euro, we expected a possible rally and a rebound from the upper trendline, however, the price barely bounced off from this trendline, as it is right now, I expect nothing but a possible rally to the lower trendline. If the price breaks below thi More	We're buyers towards 1.3380 Wave Analysis: During the previous trading day, the British pound rallied to the upperside and even went above the level 1.3373. As long as the price remains above this level I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the l More	We're buyers towards the upper trendline. Wave Analysis: Yesterday, the US Dollar rallied to the upperside and is still showing signs of continuing much higher. As it is right now, I expect nothing but a possible momentum further to the upperside towards the upper trendline. On the flipside, if the price break below the lower trendline, th More
23 December	We're waiting	We're watching for a possible buy above 1.3373 towards 1.3606.	We're buyers towards the upper trendline.
22 December	We're on the sidelines	Wait and buy a break above 1.3373 with your target at 1.3694	Expect a possible long term buy position towards the upper trendline.
21 December	Wait	Watch for a possible buy signal from around 1.31947 towards 1.33667.	We're temporarily on the sidelines.
20 December	We're sellers towards 1.11881.	We're on the sidelines.	We're still expecting further momentum to the lower trendline.

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Elliott waves analysis

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