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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

03 - 07 May	weekly forecast 03 - 07 May Weekly Review WTI Weekly Review Wave Analysis During the previous trading week, WTI rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is now, we are waiting for a possible breakout above 66.585 to pick a possible long term buy position. The antic More
2021	EURUSD	GBPUSD	USDJPY
07 May	We're looking for long term sell positions towards 1.17390. Wave Analysis During the previous trading day, Euro rallied to the lowerside and is still pretty much bearish. As it is now, we expect nothing but a possible momentum to the lowerside. As we mentioned during the previous trading day, we are looking for nothing but a possible momentum to the lowers More	Wait and buy a break above 1.40067 towards 1.41840. Wave Analysis Earlier today, the British pound rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is now, we are waiting for a clear breakout above 1.40067 will move the price to the upperside. The anticipated bullish price rally is the cont More	Look for sell positions towards 107.775. Wave Analysis Earlier today, the US Dollar gapped below 109.325 and is still pretty much below this level/ This is perfectly in line with what we said during the previous trading day. As it is now, we are looking for further momentum to the lowerside and should breakout below 107.775. The anticipa More
06 May	Look for long term sell positions towards 1.17390.	Wait for a possible rebound from 1.40067 to pick a sell, or a break above 1.40067 to pick a buy position towards 1.41840.	Sell the Us dollar towards 106.155.
05 May	We're sellers towards 1.17390	Wait and buy a break above 1.40067.	Sell a rejection from the zone 103.401 towards 107.775.
04 May	Look for long term sell positions towards 1.17390.	Wait and buy the last impulsive wave 5 above 1.40067 towards 1.41780.	Sell a rejection from 109.401-109.225 towards 107.775.
03 May	As long as the price remains above the upper trendline we are buyers	Buy a break above 50.0% fib level	Wait for a possible sell position from around 108.790.

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Elliott waves analysis

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