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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

19 - 23 April	weekly forecast 19 - 23 April Weekly Review Dow Jones Weekly Review Wave Analysis #DJ130 is currently in an active up trend. This index continues to sustain itself above the three alligator lines, as it is now, we are looking for long term buy position expecting the price to rally much higher with the next target set at 35000.00. More
2021	EURUSD	GBPUSD	USDJPY
23 April	Wait Wave Analysis Earlier this week, Euro established a swing high around 1.20815. This is a key level and while the price does not clearly breakout and close beyond it, we are on the sidelines, we are waiting for a clear rejection from it to pick a possible sell position, or a breakout above it to m More	Wait for a resell from around 1.39136. Wave Analysis Yesterday, the British pound successfully sustained itself below 1.39136-1.38995. While we continue to see sustenance below this level, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave count and More	We're short with our target at 104.959. Wave Analysis Yesterday, the US Dollar continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. If you are looking at this chart now, keep looking for long term sell positions expecting the price to break below the blue alligator line towards 104.959 More
22 April	Stay on the sidelines	Remain short towards 1.37040.	Remain short towards 104.959.
21 April	You may wait and buy a rebound from 1.19837 towards 1.22165.	Remain short towards 1.38510.	We're bearish towards 104.959.
20 April	Wait and sell a rebound from the upper trendline towards 1.18543.	We are on the sidelines	We are likely to see a possible rally towards 104.959.
19 April	Wait and sell a rebound from 50.0% fib level towards 1.16242.	Expect further correction towards 50.0% fib level.	Look for long term buy positions towards 114.101.

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Elliott waves analysis

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