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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

15 - 19 April	weekly forecast 15 - 19 April Sell Twitter shares why sell twitter shares? Wave Analysis Not much activities happened on the shares of this company. The price of this share is approaching a key weekly resistance level 35.91. We're looking for a sell from this trendline, but only after we see an increase in the sellers volume. If the More
2019	EURUSD	GBPUSD	USDJPY
19 April	We're short towards 1.04954. Wave Analysis During the previous trading day, euro declined steeply and is still pretty much bearish both on the daily and the weekly charts. As it is on the weekly chart, we're waiting for a clear close below the previous week's lowest low to pick a low risk sell order towards 1.04355. On its way More	Sell the cable from 1.30081 towards 1.29. Wave Analysis Yesterday, our take profit was hit when the price successfully closed below the zone 1.30081-1.30046. As long as the price is below this zone, we're looking for low risk sell orders. The idea is to wait for a retracement towards 1.30081 to pick a low risk sell order. Conservative trad More	Have a pending buy limit order around 111.694 and take profit at 114.25. Wave Analysis Despite the previous correction, the US Dollar closed above the zone 111.907-111.681. As long as the price is contained above this zone, we expect nothing but a possible momentum to the upperside with an ideal target at 114.014. The idea is tom wait for possible correction towards the More
18 April	Sell euro from 1.13203 towards 1.04956.	Sell the cable from 1.30688 towards 1.30080.	Wait for a low risk buy from 111.694 and take profit at 114.230.
17 April	Look For a sell now towards 1.05	We're short from 1.30688 towards 1.30080	Wait for a possible low risk buy.
16 April	Wait for a possible sell	Wait for a bounce from the lower trendline to pick a low risk buy towards the upper trendline.	As long as the price remains above 111.891, we're looking for a buy order towards 114.52.
15 April	We're short towards 1.04955.	Buy a bounce from the supportive trendline	We're long above 111.91 towards 117.22

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Elliott waves analysis

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