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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

28 September - 02
October
weekly
forecast
28 September - 02
October

 SPX500 Weekly Review Wave Analysis Few days ago, SPX500 established a swing high around 3594.0. We expect this rebound to have marked an end to the  impulsive wave [c] that the current  bearish price rally is the continuation of a corrective wave count and could see price break

2020 EURUSD GBPUSD USDJPY
02
October

Wave Analysis On this chart, we continue to see struggling below the upper trendline. While the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lowersi

Wave Analysis Yesterday, the British pound rallied massively to the upperside after testing the lower trendline. We expect the rebound from around 50.0% fib level to have marked an end to the corrective wave (D) that the current move to the upperside is the continuation of the impulsive wave (E) t

Wave Analysis After bouncing off from the upper trendline, the US Dollar moved just a few pips to the lowerside and is still pretty much bearish. While we continue to see sustenance below the upper trendline, we expect nothing but a possible momentum to the lower side, the anticipated bearish pric

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