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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

13 - 17 July	weekly forecast 13 - 17 July Buy SPX500 SPX500 weekly Review Wave Analysis During the past week, SPX500 gained value significantly and is still pretty much bullish both on the daily on the weekly charts, following the plunge which was seen earlier this year, we expect further momentum to the upperside and should break above the More
2020	EURUSD	GBPUSD	USDJPY
17 July	Waiting for a possible buy position towards 1.14630. Wave Analysis During the previous trading day, Euro went slightly lower than expected and even went below the upper trend line but is now above the verified support level 1.13775. As long as the price does not clearly break and close below this support, we choose to remain flat for now, instead, w More	Wait Wave Analysis Nothing significant happened during the previous trading day, The British pound closed a few pips below its opening price. As long as the price remains within the previous day's range, we are waiting for a clear breakout above the previous high to pick a buy, or a break below the pre More	Look for sell positions towards 106.721. Wave Analysis During the previous trading day, the US dollar bounced off from the support level 106.720 and continued to the upper side but failed to break above 107.365-107.293. As long as the price remains below this zone, we expect nothing but a possible momentum to the lower side, should the p More
16 July	Wait for a possible buy position from the supportive trendline.	Remain short towards the 50.0% fib level.	Wait for a possible buy signal from around 106.675.
15 July	Remain long towards 1.15.	Expect further rally towards 1.26660.	Sell a breakout below 107.095 towards 106.721.
14 July	Buy a bounce from the supportive trendline	Wait	Wait for a possible sell position.
13 July	Remain long towards the upper trendline.	Remain long towards the upper trendline.	Remain short towards 104.693.

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Elliott waves analysis

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