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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

14 - 18 October	weekly forecast 14 - 18 October Weekly Review Silver Weekly Review Wave Analysis During the previous trading week, Silver bounced off from the supportive trendline and is still rallying above this trendline. As long as the price remains above this trendline, We expect to continue long with the impulsive wave (D) to the upperside More
2019	EURUSD	GBPUSD	USDJPY
18 October	Look for buy positions with your target at 1.1231. Wave Analysis As we mentioned in the previous day's forecast, Euro continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the previous day's highest high, we expect nothing but a possible momentum to the upperside, More	Wait for more buy opportunities. Wave Analysis After the end of the correction of the impulsive wave (iii), the cable spiked to the upperside and is currently above the end of the last impulsive wave (iii). As we mention during the previous trading day, as long as the price remains above the previous day's highest high, we expect More	Buy a breakout above the previous week's highest high. Wave Analysis So far, nothing much has changed on this chart, we're still rallying between the range we were at yesterday. This chart is very bullish, and if the price can successfully close above the previous week's highest high, then this will be a good indication that we're continuing to the upp More
17 October	Waiting for a low risk sell.	Wait and buy the cable from 1.27190.	Buy a break above 108.930 with your first take profit at 110.00.
16 October	You can wait and buy a break above the previous week's highest high.	Buy the cable with your first take profit at 1.3021.	Buy the US Dollar with an ultimate target at 114.00.
15 October	Rebuy Euro upon a rebound from 1.10125 with your take profit ar 1.10625.	Buy the cable with your target at 1.301.	Buy the US Dollar from 108.200 with your tp at 108.620.
14 October	waiting for a bounce from 1.0995 to pick a low risk buy order.	Wait	Buy the US Dollar towardsc 110.00.

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Elliott waves analysis

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