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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

06 - 10 July	weekly forecast 06 - 10 July Buy Dow Jones Dow Jones Weekly Review Wave Analysis Earlier today, this index rose above the upper trendline and is still pretty much above this level. As long as the price is above this trendline,w e expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is t More
2020	EURUSD	GBPUSD	USDJPY
10 July	Remain short towards 1.11800. Wave Analysis During the previous trading day, instead of continuing upwards towards 1.14030-1.13902. As long as the price remains below this zone, we are looking for a possible momentum to the lower side and should go break below 1.12415 towards 1.11800. And should the price break and close above More	Remain short towards 1.25190. Wave Analysis After reaching the high of 1.26685, The British pound pulled back to the lower side and is currently heading to the lower side, we expect the current bearish price rally is the continuation of the impulsive wave (c) to the lower side and should break below 1.25350 towards 1.24740. As More	Remain short. Wave analysis During the previous trading day, the US Dollar moved to the lower side and is now below the supportive trend line, as long as the price remains below the lower trend line, we expect nothing but a possible momentum to the lower side and should break below 106.805 towards 100.00 or eve More
09 July	Waiting for a possible sell from 1.14030 with your take profit along the lower trendline.	Remain long	Wait for a possible buy from the supportive trendline.
08 July	Remain long	We're buyers	Wait
07 July	While the price is held above 23.6% fib level look for buy position.	Remain short towards 38.2% fib level.	Look for a possible sell position towards the supportive trendline.
06 July	Wait for a pullback to pick a low risk buy position.	Remain long towards the upper trendline.	Remain long towards 108.205.

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Elliott waves analysis

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