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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

02 - 06 December	weekly forecast 02 - 06 December Sell gas Brent Oil Weekly Review Wave Analysis During the previous week, Brent oil bounced off perfectly from the upper trendline,went straight to the lowerside but could not go beyond the supportive trendline. As long as the price remains within the rising wedge formation, we expect further momentum to More
2019	EURUSD	GBPUSD	USDJPY
06 December	Buy Euro towards 1.12. Wave Analysis Despite the bearish pin bar seen on Wednesday this week, euro rallied even higher but could not break above the Wednesdays highest high. Accoridng to the 30 minutes chart above, we are looking for long term buy order. The fact that the price rallied and closed above 1.1080, I expect More	Wait for a correction to pick a buy. Wave Analysis Since the beginning of this week, the impulsive wave (1) has continues to the upper side and is still pretty much bullish both on the daily and the weekly charts. We're waiting for a clear sign that the impulsive wave has ended so that we pick a correction. We expect the corrective w More	Buy a bounce from the supportive trendline with your take profit at 110.00. Wave Analysis Yesterday, the US Dollar rallied to the lowerside despite the previous forecast that it could rally to the upperside. As long as the price does not go below the supportive, we're waiting for a possible low risk buy order. But should the price break below the supportive trendline, we' More
05 December	Sell Euro now with your stop loss above the previous day's highest high.	Wait for a rebuy from around 1.2999.	Buy this pair towards 114.00
04 December	Wait	Remain long towards 1.3050.	Buy a bounce from the supportive trendline.
03 December	Buy a break above the previous day's highest high.	Sell a bounce from around 1.2985.	Expect a possible sell towards the supportive trendline.
02 December	Buy Euro towards 1.1090.	Sell a bounce from the upper trendline.	Wait for a rebuy from 109.40 towards 110.00.

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Elliott waves analysis

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