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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

08 - 12 June	weekly forecast 08 - 12 June Buy Facebook shares Facebook shares Weekly Review Wave Analysis During the previous trading day, facebook shares remains solid above the two simple moving averages and is still showing signs of continuing much higher. While the price is contained above the 200 period moving average and also above the 52 perio More
2020	EURUSD	GBPUSD	USDJPY
12 June	Wait for a buy from around 23.6% fib level or 38.2% fib level. Wave Analysis Euro is still being held above the Alligator indicator attached. As long as the price remains above this indicator, we expect further momentum to the upper side, ideally, we are expecting a possible correction towards 38.2% fib level to pick a buy position and should the price break a More	Wait for a buy from around 38.2% fib level. Wave Analysis As mentioned previously, as long as the price remains above the level 23.6% fib level, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of the impulsive wave (v) to the upper side and should break above 1.28290 toward More	Remain short with an ultimate target around 104.6. Wave Analysis During the previous trading day, the US Dollar continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the 23.6% fib level, we expect nothing but a possible momentum to the lower side, the anticipated More
11 June	Wait for a buy from around 23.6% fib level or 38.2% fib level.	Look for a buy from around 23.6% fib level with your take profit at 1.28290.	Wait for a resell from around 107.599.
10 June	Remain long towards 1.1524.	Remain long towards 1.30.	Remain short towards 105.00.
09 June	Remain short towards 1.12065.	Remain long towads 1.28.	Buy a bounce from 107.942-107.884,
08 June	Remain long with the previous buy position with your target at 1.13895.	Remain long towards 1.2645.	Wait for a low risk buy position.

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Elliott waves analysis

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