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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

29 November - 03 December	weekly forecast 29 November - 03 December Weekly Review HSI Weekly Review Wave Analysis During the previous trading week, HSI index rallied to the lowerside but could not clearly break and close below 23868.0. As long as the price does not clearly break and close below this level, we are on the sidelines, if the price breaks and closes below 23 More
2021	EURUSD	GBPUSD	USDJPY
03 December	We're sellers towards 1.10 Wave Analysis: Euro is still struggling within a range. As long as the price remains within the previous day's highest high and lowest low. We are on the sidelines, we are basically waiting for a clear break below the previous week's lowest low to continue short with the last impulsive wave and may More	As long as the price remains above the lower trendline, we are looking forward to a possible buy positions. Wave Analysis: The British pound is still straggling a few points above the lower trendline. While the price is held above this line, I expect nothing but a possible rebound from it to push the price to the upperside. As it is now, we are looking forward to a possible long term buy position toward More	We're sellers for now, Wave Analysis: During the previous trading day, the US Dollar rallied to the lowerside and is still showing signs of continuing much lower. As it is now, we are looking forward to a possible rally to the lowerside and may see price head straight towards 110.90 and could continue much lower. On this More
02 December	We're looking for low risk buy positions towards 1.16232.	We're now buyers towards 1.34281.	Buy a rebound from 112.804
01 December	We're expecting further correction towards 1.15.	We're buyers towards 1.34281 and may breakout much higher.	We're waiting for a buy from the lower trendline towards the upper trendline.
30 November	We're sellers towards 1.10.	We're sellers	Wait
29 November	We're temporarily on the sidelines	We're waiting for a sell from around 1.34281	We're sellers.

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Elliott waves analysis

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