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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

22 - 26 April	weekly forecast 22 - 26 April Weekly Review Gazprom Weekly review Wave Analysis: Following the latest developments at this oil Company, we expect Gazprom shares to rise in value following the announcement that this company is repairing their refineries. On the charts, we expect much volatility especially if the price can either breakout a More
2019	EURUSD	GBPUSD	USDJPY
26 April	We're short towards 1.041 Wave Analysis Euro continues to decline perfectly as previously forecasted. As long as the price is below the previous day's opening price, we expect further steep decline towards the next level, shown above. The ideal is to keep waiting for retracem,ent to pick a low risk sell order with an ultima More	Sell the cable from 1.2930. Wave Analysis Yesterday, the cable went massively to the lowerside but ended up closing as a bullish pin bar on the daily chart. This is however not a good sign that this pair will head to the lowerside. Today, and in the next few days, expect a possible correction to the upperside but should not g More	Buy the US Dollar now with your take profit at 114.367. Wave Analysis The US Dollar continues to decline despite the previous forecast that this pair could continue to the upperside. Where the price is now is the best place to look for a buy order. Your stoploss should be above the bullish pin bar seen a fortnight ago, and your take profit at 114.367. T More
25 April	Resell euro at 1.1191 with your take profit at 1.05.	Remain short towards 1.20011	Buy the US Dollar around 111.706 with your take profit at 114.367.
24 April	Look for a sell order from 1.12282 with your take profit at 1.04956.	Sell the cable from 1.29526 with your take profi at 1.2001.	Buy the us dollar from 111.706 towards 114.367.
23 April	Wait for a sell around 1.134 towards 1.11.	We're short	Place a pending buy limit order at 111.694 towards 114.215
22 April	We’re holding onto a sell order towards 1.054.	Sell a break below the supportive trendline towards 1.27990.	Look for a possible long term buy towards 114.25.

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Elliott waves analysis

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