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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

26 - 30 November	weekly forecast 26 - 30 November Buy SPX500 now with your take profit at 2928.0. Gold Weekly Review: Wave Analysis During the previous week, Gold markets pulled back upwards but is still below 1236.45-1243.13. As long as the price remains below this zone, we expect a possible rebound from it to pick a long term short position with an ideal target along the ascending trend li More
2018	EURUSD	GBPUSD	USDJPY
30 November	Place a pending sell limit at 1.1455 or 1.1539, your take profit at 1.1218. Wave Analysis The columns of MACD continues to remains below the 0.00 level despite the fact that the price is pulling back to the upperside. We expect the current upward rally to be a mere correction to the upperside and should not go beyond 1.1539 where we'll be looking for a long term short posi More	Buy the cable above 1.2768 towards 1.3301. Wave Analysis Yesterday, the cable pulled back to the lower side but is still above the level 1.2768. As we mentioned in our previous forecasts, as long as the price remains above 1.2768, we expect nothing but a possible momentum to the upper side. However, in case the price breaks below 1.2768, th More	As long as the price remains above the upper trendline, buy the US Dollar along this trendline towards 114.05. Wave Analysis the US Dollar is still struggling above the supportive trendline. As we mentioned during the previous trading day, as long as the price remains above this trendline, we expect a possible momentum to the upperside and should break above 113.49. If this is the case, then we'll expect fu More
29 November	Wait	Only sell a clear breakout below 1.2768 with your take profit at 1.2100.	Wait for a clear buy signal from the supportive trendline towards 114.05.
28 November	Still short with our take profit at 1.1218.	As long as the price remains below 1.2768, look for a sell position with your take profit at 1.2100.	Remain Long with your take profit at 117.21.
27 November	Resell euro fro 1.1368 towards 1.1218.	Sell GBPUSD below 1.2768 with take profit at 1.2100.	Buy the US Dollar now with your take profit at 114.25, and the next at 117.21.
26 November	Sell EUR from 1.1389 towards 1.1218.	Sell the cable below 1.2768.	Wait

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Elliott waves analysis

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