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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

30 March - 03 April	weekly forecast 30 March - 03 April Buy Gold alongside silver Gold Weekly Review Wave Analysis Apparently, despite the decline seen in Crude oil and other commodities and majorities of pairs, Gold markets continues to gain value tremendously and is currently approaching a key resistance zone 1626.09. This is a key zone and while the price is not able More
2020	EURUSD	GBPUSD	USDJPY
03 April	Remain short with a ultimate target around 1.06. Wave Analysis Yesterday, Euro continued to the lower side perfectly as previously forecasted and is still pretty much bearish both on the daily and on the weekly charts, we expect a possible continuation of the impulsive wave (c) to the lower side and should break below 1.07765 towards 1.06 or eve More	Wait Wave Analysis The British pound continues to consolidate with a range, not going above 1.24905 or below 1.23178. While the price is held within this range we are only interested in trading reversals a bounce from 1.24905 will attract a sell while a bounce from 1.23178 will attract a buy. A sustain More	Expect further correction towards 108.825. Wave Analysis Instead of continuing to the lower side, the Us Dollar bounced off from the level 107.300 and is currently heading to the upper side, we expect yesterday's bounce from 107.300 to have marked and end to the corrective wave (b), that the current move to the upper side is the continuati More
02 April	Sell Euro with an ideal take profit at 1.09075.	Sell British pound now with your take profit at 1.23177.	Sell a break below 106.990.
01 April	Look for low risk buy positions with your take profit at 1.11300.	Either wait for a rebuy from 1.22924, or buy a break above 1.25190.	Sell a break below the previous week's lowest low.
31 March	Expect further momentum to the lowerside.	Buy a bounce from 1.23020 with your take profit at 1.25180.	Wait for a possible buy from 108.205.
30 March	Wait	Look for low risk buy positions towards 1.32920.	Remain short towards 102.240.

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Elliott waves analysis

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