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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

21 - 25 January	weekly forecast 21 - 25 January Looking forward to buying Brent Oil Gold Weekly Review: Wave Analysis According to the monthly chart attached, a key monthly resistance zone is around 1354.54-1334.79. This is a key zone and unless is broken with a big green candle, this is a good sell place. The idea is to look for a possible long position towards this zone to p More
2019	EURUSD	GBPUSD	USDJPY
25 January	Resell euro from 1.13575 towards 1.13030. Wave Analysis During the previous trading day, euro went below the 4 hour support zone 1.13455-1.13579, and is still below the zone. As long as the price remains below this zone, we expect a possible correction to the just broken zone so that we resell the last impulsive wave (5) with the first tak More	Wait Wave Analysis Perfectly as we forecasted few days ago, the cable rose tremendously and is currently just a few pips below our key level 1.31789. We expect a rebound from the level 1.31789, to mark an end to the impulsive wave (v) that any clear move to the lowerside will be the unfolding of a corre More	Expect a possible move towards 110.362. Wave Analysis According to the 4 hour chart attached, the US Dollar is currently trading with an increasing bullish bias momentum. While the price is above the supportive trendline and also above the Envelopes indicator, we expect a possible steep rise towards 110.362. The anticipated bullish price More
24 January	We're short towards 1.0521.	Wait for a correction to pick a buy towards 1.31825.	Expect a possible bullish movement towards 110.39.
23 January	Look for a possible a sell position below 1.1459 towards 1.0521,	Look for a buy position towards 1.3132.	Expect a rise towards 110.39.
22 January	We're short with an ultimate target at 1.0521.	Watch for a possible but around 1.2829 towards 1.3137.	Wait
21 January	Wait for a correction to pick a sell towards 1.0521.	Rebuy the cable from 1.2750-1.2693 towards 1.3137.	Remain long towards 110.39.

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Elliott waves analysis

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