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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.

Elliott waves analysis

02 - 06
August
weekly
forecast
02 - 06
August

BTCUSD Weekly Review  Wave Analysis During the previous trading week, BTCUSD broke above the zone 40,716.31-40200.16 and is still pretty much bullish on the daily and on the weekly charts. While the price remains above this zone, we expect nothing but a possible rally to the upper side. The

2021 EURUSD GBPUSD USDJPY
07
August
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August
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