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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.

Elliott waves analysis

19 - 23
August
weekly
forecast
19 - 23
August

 Barclays Bank Shares weekly review Wave Analysis For almost half of a decade now, the shares of Barclays bank has been on the losing end. Just recently, there was a slight retracement to the upperside but the shares of this company ended up even lower despite this retracements. As long as the p

2019 EURUSD GBPUSD USDJPY
23
August

Wave Analysis During the previous trading day, euro declined significantly and even went below the contracting wedge formation. As long as the price remains below this shape formation, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuati

Wave Analysis During the previous trading day, the cable could not be contained by the rising wedge formation. The pair rose intensely to the upperside and is still very much bullish both on the daily and weekly charts. As long as the price remains above the wedge formation, we expect nothing but

Wave Analysis The US Dollar is correctly consolidating in between the contracting triangular formation. A|s long as the price remains within this shape formation, we choose to remain on the sidelines. As it is on the 4 hours chart, we're waiting for either a break above the upper trendline to buy

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August
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