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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

30 August - 03 September	weekly forecast 30 August - 03 September Buy SPX500 SPX500 Weekly Review Wave Analysis During the previous trading week, SPX500 continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains within the inner channel, we expect nothing but a possible momentum to the uppers More
2021	EURUSD	GBPUSD	USDJPY
03 September	Sell a rebound from the upper trendline. Wave Analysis: During the past few days, Euro has been continuing to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is right now, keep looking for low risk buy positions expecting the price to continue to the upperside with the next ideal target set More	Wait and sell a rebound from the upper trendline. Wave Analysis: During the previous trading day, the British pound rallied to the upperside but could not break above the upper trendline. As long as the price remains below the upper trendline, we are looking for a possible long term sell position. This is the continuation of an impulsive wave coun More	We're buyers towards the upper trendline. Wave Analysis: During the previour week, nothing much has been happening on this pair, we expected an impulsive surge to the upperside, however, that is yet to happpen, as it is now, we expect price to pullback again towards the lower trendline to give us the correct opportunity to look for a possi More
02 September	We're waiting on the sidelines.	We're sellers.	We're buyers towards 116.90.
01 September	We're buyers	We're buyers towards 1.41893.	We're buyers towards 125.610.
31 August	We're buyers towards 1.20.	We're buyers towards 1.41.	We're buyers towards 113
30 August	We're buying a break above the inner trendline towards the upper trendline.	We're eying a possible sell towards 1.33328	We're buyers towards the upper trendline.

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Elliott waves analysis

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