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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 February	weekly forecast 18 - 22 February Weekly Review Ford Weekly review Wave Analysis Since the previous week, nothing much happening on the shares of this company, we expected a possible correction to the upperside but as it looks, we may have to wait temporarily for price to correct itself before we got out. The idea here is to wait for a corr More
2019	EURUSD	GBPUSD	USDJPY
22 February	We're still upwards Wave Analysis So far, nothing much happening on this pair, we took a buy from the weekly support level 1.1254 and is still holding, our expectations is that this pair should continue further even higher. The anticipated bullish price rally is the continuation of the last impulsive wave(c) to the u More	As long as the price remains above 1.3025, we're looking for a long etrm buy towards 1.31915. Wave Analysis Nothing much has channel on this pair since the previous day's forecast. Currently, the cable is establishing a support around 1.30250, and while the price is above this level, we expect a possible move to the upper side. The anticipated bullish price rally is the continuation of the More	Flat Wave Analysis The US Dollar is still within the rising channel formation. As long as this pair remains within this channel we expect a possible momentum to the upper side. But should the current week's candle close below the close of the previous week's closing price price, then this will be an id More
21 February	A weekly support is seen around 1.12564	weekly support is around 1.2738	We're long
20 February	Wait for a retracement to pick a low risk buy order.	Expect a spike even higher	Buyers still in control
19 February	A weekly support is seen around 1.12564	A good demand level is around 1.27296	A weekly demand level is around 108.503
18 February	We're upwards towards 1.14544.	Bullish pin bar candle	Wait for a sell signal around last week's highest.

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Elliott waves analysis

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