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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

25 - 29 January	weekly forecast 25 - 29 January Weekly Review DJI30 weekly Review Wave Analysis Dow is currently rallying within an expanding wedge formation. On this chart, we are waiting for a bounce from the upper trendline to pick a low risk sell position expecting price to continue to the lowerside with an ultimate target set at 30928.00 and c More
2021	EURUSD	GBPUSD	USDJPY
29 January	Wait and sell a rebound from the uopper trendline towads 1.20370 Wave Analysis Yesterday, we saw a steep surge to the lowerside but still the price could not reach our target level set at 1.20530. As it is now, we are in the sellers mode, we are basically looking for a breakout below 1.20530 to pick further momentum to the lowerside and should breakout below 1 More	Buy a rebound from the lower trendline towards 1.37438. Wave Analysis Yesterday, our target was hit when the price tested the lower trendline. We expected a possible breakout below the lower trendline but the price failed to close below it. If the price breaks and closes below the lower trendline, then this will be a good sign that we are continuing t More	Wait for a rebuy from around 104.461. Wave Analysis During the previous trading day, the Us Dollar continued to the upper side perfectly as previously forecasted. As long as the price remains above 104.461, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impul More
28 January	Remain short towards 1.20370.	Wait and buy a rebound from around 1.36098	Wait and buy a breakout above 104.397.
27 January	Wait and sell a rebound from the upper trendline with your target at 1.20095.	Remain long towards the upper trendline.	Wait and buy a breakout above 103.745 with your target at 103.90.
26 January	Sell a close below 1.20540 towards 1.19915.	As long as the price remains below 1.36476, we're looking for long term sell positions.	Sell the Us dollar towards the lower trendline.
25 January	Look for low risk buy positions towards 1.22245.	Remain long towards the upper trendline.	Remain short towards 103.275.

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Elliott waves analysis

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