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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

17 - 21
May
weekly
forecast
17 - 21
May

 Gold weekly review   Wave Analysis Last week, gold rallied to the upperside and even went above the upper trendlie. This is a break above a flag formation. As it is now, we are looking for long term buy positions expecting the price to break above 2035.00 and may push the price much higher with

2021 EURUSD GBPUSD USDJPY
21
May

Weekly Analysis Yesterday, euro rallied to the upperside and is still pretty much bullish both on the daily and on weekly charts. While the price remains above the Alligator indicator, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuatio

Weekly Analysis During the previous trading day, the British pound rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. While the price remains above the Alligator indicator, we expect nothing but a possible momentum to the upperside. The anticipated

Weekly Analysis The US Dollar continues to rally below the Alligator indicator and is now showing any signs of breaking above it. While the price remains below this is indicator, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of a

20
May
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17
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