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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

22 - 26 October	weekly forecast 22 - 26 October Weekly Review SPX500 Weekly Review Wave Analysis For the past two weeks, SPX500 corrected itself to the lowerside but is still being supported by the 52 Simple Moving Avarage. As long as the price remains above this MA, we expect a possible momentum to the upperside. The anticipated bullish price rally is the More
2018	EURUSD	GBPUSD	USDJPY
26 October	We're short Wave Analysis Perfectly as previously forecasted, Euro rallied further to the lower side and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains within the falling channel formation, we expect nothing but a possible momentum to the lower side. The anti More	we're still short Wave Analysis During the previous trading day, the impulsive wave (V) extended further to the lowerside and is still pretty Much bearish both on the daily and the weekly chart. Following the break below 1.2885, we expect further momentum to the lowerside, The anticipated bearish price rally is the More	We're short below the supportive trendline towards 111.60. Wave Analysis On the 4 hour chart attached, a sell territory is seen at 112.70, As long as the price remains below this level, we expect a possible momentum to the lowerside, and should the price breakout above this level, then further momentum to the upperside is expected with an ultimate target a More
25 October	we're short	We're still short	We're short as long as the price is below the immediate trendline.
24 October	We're long from 1.1446	we're long towards the upper trendline	we're long
23 October	we're short below 1.1486	we're short below 1.2940	We're looking for a long position above the upper trendline
22 October	we're short	We're short.	We're long above 112.68

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Elliott waves analysis

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