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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

13 - 17 December	weekly forecast 13 - 17 December Weekly Review SPX500 Weekly Review Wave Analysis: Last week, the SPX500 rallied to the upperside and is still showing signs of continuing much higher. On this chart, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave ( More
2021	EURUSD	GBPUSD	USDJPY
17 December	We're sellers towards the lower trendline. Wave Analysis Yesterday, Euro bounced off from the lower trendline, headed straight to the upperside but could not go beyond the upper trendline. As long as the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside. The ideal is to keep looking for lon More	We're temporarily a sell towards 1.32676. Only a break above 1.33667 and should push the price much higher towards 1.34550. Wave Analysis the British pound successfully broke above the level 1.32676 and even hit out take profit set at 1.33538. We're expecting further momentum to the lowerside and should head straight towards 1.32676. If the price break below this level, then a rally much lower is expected. And in case More	We're sellers towards the lower trendline. Wave Analysis During the previous trading day, the US Dollar bounced off from the zone 114.082-113.933 and is currently heading to the lowerside. As long as the price remains below this zone, I expect nothing but a possible momentum much lower. On this chart, we expect nothingbbut sell orders only More
16 December	We're buyers towards the upper trendline.	We're buyers towards 1.33667.	We're sellers towards the lower trendline.
15 December	Wait and buy a rebound from the lower trendline towards the upper trendline.	We're buyers towards 1.32676.	We're sellers towards the lower trendline.
14 December	We're sellers towards 1.10995	We're holding onto a seller's perspective.	We're buyers towards 115.532.
13 December	We're sellers towards 1.10995.	We're sellers towards 1.30 or even lower.	We're buyers towards 118.90.

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Elliott waves analysis

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