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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

14 - 18 September	weekly forecast 14 - 18 September Weekly Review Gold Weekly Review Wave Analysis Just as in silver, gold is currently in a range. Last week, we expected a possible break below the lower trendline to push the price much lower unfortunately, the price pulled back up and ended up closing within the same same shape. As it is now, we are only in More
2020	EURUSD	GBPUSD	USDJPY
18 September	Wait for a sell towards the lower trendline. Wave Analysis Yesterday, EURUSD rallied to the upperside and is now able to breakout above the upper trendline. As long as the price remains below the upper trendline, we are waiting for a clear rebound from the upper trendline to pick a low risk sell position with an ultimate target around 1.1719 More	Wait for a sell around 1.31200 or 1.33419. Wave Analysis During the previous trading day, The British pound continued to the upperside and is still very much bearish both on the daily and on the weekly charts. Despite the previous week's massive rally to the lowerside, we are no seeing a correction to the upperside. The maximum the price s More	Remain short Wave Analysis USDJPY is currently in an active down trend. As long as the price is held below the three moving averages attached, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and shoul More
17 September	Wait for a possible sell position	Look for low risk buy positions towards 1.30240.	Wait for a sell from around 105.268.
16 September	There is a bearish pin bar on the daily chart	Buy a bounce from the lower trendline.	Remain short towards 100.00.
15 September	EURUSD within a range	Look For sell positions towards 1.25461	Remain short towards 105.393.

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Elliott waves analysis

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