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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

29 April - 03 May	weekly forecast 29 April - 03 May Buy Boeing shares now. Barclays Bank Weekly Review Wave Analysis Barclays bank is currently trading within a contracting wedge formation. As long as the price remains within this wedge formation, we choose to remain flat. A clear break and close below the supportive trendline will mark an end to the corrective three w More
2019	EURUSD	GBPUSD	USDJPY
03 May	We're still sellers in this market Wave Analysis During the previous trading day, euro declined perfectly as previous forecasted and is still pretty much bearish. If you're not in any position at the moment, you could wait for a possible retracement towards 1.12150 to pick a low risk sell order. The anticipated bearish price rally i More	Expect sellers to dominate today Wave Analysis During the previous trading day, the cable declined steeply and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below the previous day's opening price we, expect nothing but a possible momentum to the lowerside with an ultimate target More	The US Dollar Consolidating Wave Analysis: Since the beginning of this week, nothing much has happened on this pair, the price is still rallying around the current week's opening price. We expect a possible spike to the upperside especially if the current week's candle can close above 111.706. If this is true, the anticipated More
02 May	Expect a bearish bounce from 1.12150	Bearish pin bar, a possible sign of sellers come back.	We're buyers
01 May	Expect a possible momentum to the lower side during this week	Expect sellers to come back	Expect a possible sell of from 111.513.
30 April	Sell euro from 1.12270 with your take profit at 1.10260.	wait and sell the cable from 1.3023 with your take profit at 1.27619.	Buy this pair around 110.787, stop loss slightly below and take profit at 118.324.
29 April	Sell euro from 1.12110	We're short towards 1.27618	We're long with our take profit at 114.235

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Elliott waves analysis

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