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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

21 - 25 October	weekly forecast 21 - 25 October Weekly Review Gold weekly review Wave Analysis During the previous trading week, Gold markets remained within the contracting wedge formation and is still pretty much within this shape. As long as the price is contained within this shape, we expect nothing but a possible reversals from either the upper trend More
2019	EURUSD	GBPUSD	USDJPY
25 October	Sell Euro now with your take profit at 1.10600. Wave Analysis The fact that the last impulsive wave (v) could not breakout above the end of the previous impulsive wave (iii) is a clear sign that there are no enough buyers in this marker. And the fact that the first impulsive wave (a), of the corrective three wave cycle went below the end of the More	Sell the cable now Wave Analysis The cable continues to make lower lows after hitting the high of 1.2990. We expect the bounce from this level to have marked an end to the previous impulsive five wave cycle, that the current bearish price rally is the continuation of the corrective three wave cycle and could see the More	On the sidelines. Wave Analysis the Us Dollar is currently trading with an expanding wedge formation. As we mentioned during the previous forecast, this is a good chance to look for reversals. If price reverses from the upper trendline we look for a sell, and if price reverses from the lower lower trendline we look More
24 October	Buy Euro towards 1.11755.	Buy the cable with your take profit at 1.3185.	Buy the US Dollar now, with your take profit at 108.960.
23 October	We're looking for a long term buy towards 1.11920.	Waiting for a low risk buy opportunity.	Wait
22 October	Buy a break above the previous weeks highest high.	On the sidelines.	Buy a bounce from 108.13-108.05 with your take profit at 108.25.
21 October	Buy Euro towards 1.1241	Buy the cable with your first target at 1.30221.	We’re short with our first take profit at 108.11.

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Elliott waves analysis

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