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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

26 - 30 August	weekly forecast 26 - 30 August Weekly Review Facebook weekly Review Wave Analysis During the previous trading week, Facebook shares declined steeply but could not go below the supportive trendline. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside, the anticipated bullish price More
2019	EURUSD	GBPUSD	USDJPY
30 August	Buy abounce from the supportive trendline Wave Analysis Euro is currently trading with an increasing bearish bias momentum. During the previous trading day, euro went perfectly as previously forecasted and is still pretty much bearish. As long as the price is contained within this range, we expect an acceleration to the lowerside but shoul More	We're approaching a weekly support 1.20928 Wave Analysis The cable continues to correct itself to the lowerside but is still above 1.20928. This is a key weekly support and while the price is contained above it, we're patiently waiting for a bounce from it to pick a low risk buy order. And on the flipside, should the price breakout below 1. More	Wait for a low risk sell from 106.716. Wave Analysis The US Dollar us still within the range we marked yesterday, we expected a possible momentum towards 106.716, this is exactly what is happening, this pair continues to rise intensely but should not go beyond 106.716. If there's a clear bounce from this resistance, then this will be a More
29 August	Look for long term sell positions towards 1.05900.	Buy a break above the previous week's highest high with your take profit at 1.24241.	Place a pending sell limit order around 106.716
28 August	Sell a break below the supportive trendline towards 1.10555.	Expect a possible momentum towards the supportive trendline.	Expect a possible rally towards 106.716
27 August	Expect further momentum to the lowerside.	Sell the cable from either 1.24241 or wait and buy a bounce from 1.20928.	Look for sell orders towards 104.810.
26 August	Look for long term sell orders from the upper trendline	Sell the cable from 1.24241.	Wait for a retracement towards 106.940 to pick a sell.

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Elliott waves analysis

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