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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

18 - 22 March	weekly forecast 18 - 22 March Weekly Review GazProm Weekly Review Wave Analysis Last week, the shares of this company remains above the weekly support zone 151.72-149.74. This is as long as the price remains above it, We expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuatio More
2019	EURUSD	GBPUSD	USDJPY
22 March	We're bullish towards 1.22033 Wave Analysis Euro has pulled back perfectly as previoulsy forecasted and is now above 1.12471. This is a key level and as long as the price remains above it, we expect a possible momentum to the upperside. The current bounce from 1.12471 is a possible end to the corrective wave (b), that the unfol More	Only buy a break above 1.33015 Wave Analysis The cable is still struggling below 1.33015. The line 1.33015 is a major weekly resistance line and while the price is above it, we expect a possible move to the lower side. And on the flip side, should price go above 1.33015, then we'll wait for a retracement back to the same place t More	Wait for a close above 110.836. Wave Analysis The US dollar is currently pulling back to the upperside. We're waiting for a clear close above 110.416 to pick a possible long term buy towards 114.135. And should price breakout higher, then we'll continue upwards with the last impulsive wave (v) towards 117.35. The anticipated bull More
21 March	Rebuy euro from 1.12471 towards 1.22033.	Buy a break above 1.33015 towards 1.45206.	Wait
20 March	We're long towards 1.22033	Buy a close above 1.33055 towards 1.45206.	Buy the US Dollar from 110.351
19 March	We're upwards towards 1.22033	Flat	Buy the US Dollar from 110.836 with your take profit at 114.191.
18 March	Wait for a clear buy from 1.12471.	We're long on a break above 1.33670.	Rebuy the US Dollar from 110.835 towards 114.191.

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Elliott waves analysis

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