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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

18 - 22 November	weekly forecast 18 - 22 November Weekly Review Gas Weekly Review Wave Analysis Last week, after a tremendously decline, Gas failed to break below the supportive zone 2.690-2.586, instead this symbol bounced off from this zone and is currently heading to the upperside. We expect this bounce to be an end to the corrective three wave cycle and More
2019	EURUSD	GBPUSD	USDJPY
22 November	Sell Euro with your take profit at 1.0900. Wave Analysis During the previous trading day, euro bounced off from the zone 1.1074 and is currently heading to the lowersde. As long as the price remains below the level 1.1074, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation o More	Sell a break below 1.2790 with your take profit at 1.2260. Wave Analysis Yesterday, our stops were taken out when the price went below the end of the corrective wave (4). This move has invalidated the previously anticipated bullish move towards 1.3020, As long as the price does not clearly rise above 1.2980, and close higher. I expect a possible sell. This More	Sell USDJPY towards 106.80. Wave Analysis Apparently after breaking below the supportive trendline, the US Dollar has not been able to make any clear moves to the lowerside, rather, the pair continues to rally around the same trendline. As long as the price does not clearly go beyond the upper trendline, I expect nothing but More
21 November	Wait	Remain long with an ideal take profit at 1.2980.	Wait for a low risk sell
20 November	Sell Euro with your take profit at 1.1005.	waiting for a possible buy	Wait
19 November	Wait	Buy a break above 1.2980.	You may look for a long term sell with your take profit at 107.00.
18 November	Wait for a sell from around 1.1074.	Buy the cable with your first take profit at 1.3020.	Remain long towards 109.50.

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Elliott waves analysis

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