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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

14 - 18 January	weekly forecast 14 - 18 January Buying Gas Gas weekly Review Wave Analysis After a spectacular spike to the upper side, Gas corrected itself 100% buy failed to break below both the supportive trendline and also below the level 2.633. As long as these two remains intact, we expect a possible slow move upwards towards 4.530 or even higher. More
2019	EURUSD	GBPUSD	USDJPY
18 January	Still short towards 1.0621. Wave Analysis For the better parts of this week, euro has been on the loosing end against the US Dollar, as long as the price remains below 1.1450, we're still within our sellers territory. Therefore, we'll expect a possible steep decline towards 1.0621. The anticipated bearish price rally is the c More	We're long towards 1.3132. Wave Analysis Perfectibility as we forecasted during the previous trading day, euro spiked higher and is still pretty much bullish both on the weekly and the daily charts. As long as the price remains above the upper trendline, we expect a possible steep rise towards the level 1.3132. As we mention More	Flat Wave Analysis: The US Dollar is still trading within the contracting wedge formation. As long as this wedge is not violated to the upperside or to the lowerside with a big candle, we choose to remain flat. Basically, we're waiting for a break above the upper trendline to pick a long term long posit More
17 January	Look for a long term short position below 1.12000 with an ultimate target at 1.0621	if you're not long already, wait for a possible correction to pick a long term buy position towards 1.3136.	Flat
16 January	Expect a possible plunge towards 1.0521.	Look for buy positions now towards 1.31	Wait
15 January	Wait for a possible sell around 1.15716.	wait for a pullback to pick a buy position towards 1.31358.	Resell the US Dollar from 108.74 with your take profit at 104.850.
14 January	We're looking for a sell from the previous week's highest high.	Wait, but expect a possible move towards 1.30616.	Wait

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Elliott waves analysis

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