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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

29 March - 02 April	weekly forecast 29 March - 02 April Weekly Review Gold Weekly Review Wave Analysis Gold continues to remains within the zone 1792.54 and the lower trendline, while we continue to see price within this range, we're only interested in trading reversals. Our idea is to wait for a rebound from 1792.54 to pick a sell position or a bounce from the l More
2021	EURUSD	GBPUSD	USDJPY
02 April	Wait for a possible resell from around 1.18543 towards 1.16242. Wave Analysis After establishing a base around 1.17000, Euro is currently pulling back to the upper side, we are expecting further correction to the upper side and could see price breakout above 1.18343, if the price breaks and closes above 1.18543, then we will be expecting further momentum to th More	Wait Wave Analysis The British pound is currently above the current week's opening price. If current week can close green, then this will be a good indication that we are continuing to the upper side towards 1.39550 and could breakout much higher towards 1.41980 or even higher. On the flip side, should More	As long as the price remains above the upper trendline we are looking for long term buy positions towards 114.101. Wave Analysis The US Dollar continues to remains above the upper trend line perfectly in line with Monday's forecast. As it is now, we are expecting further momentum to the upper side and should breakout above 114.101. On its way to the upper side, the key levels to look for include 111.310, 112.1 More
01 April	Expect a possible momentum towards 1.16242.	Wait	Remain long towards 114.101.
31 March	Sell a breakout below 1.16780 towards 1.13980.	Wait for a possible long term buy position towards 1.42855.	As long as the price remains above the upper trendline, expect a possible rally towards 119.935.
30 March	Look for a possible sell from 1.19065 towards 38.2.	Look for long term buy positions towards 1.42855.	Remain long towards 117.935.
29 March	Expect a possible momentum towards 50.0% fib level.	Look for a possible long term buy position towards 1.42855.	Expect a possible momentum towards 119.00 As long as the price remains above the upper trendline.

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Elliott waves analysis

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