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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.

Elliott waves analysis

19 - 23
November
weekly
forecast
19 - 23
November

Gold Weekly Review Wave Analysis During the previous week, Gold markets bounced off from the supportive trendline, rallied to the  and is still pretty much bullish both on the daily and the weekly charts. As long as the price remains above 1215.00, we expect nothing but a possible momentum to th

2018 EURUSD GBPUSD USDJPY
23
November

Wave Analysis During the previous trading day, euro pulled back upwards but is still below 1.1528, As we mentioned during the previous trading day, as long as the price remains below 1.1528, we expect nothing but a possible momentum to the lower side. According to the daily chart above, we expect a

Wave Analysis Perfectly as previously forecasted, the cable bounced off from the daily support level 1.2768 and is still pretty much above this level, as long as the price remains above it, we expect a possible rally to the upper side but should go beyond 1.3301. And on the flip side, should the pr

Wave Analysis During the previous trading day, the US Dollar failed to break above 113.25, and has now stated rallying to the lowerside. We expect the rebound from 113.00 to have marked an end to the corrective wave (b) that the current movements to the lowerside is the continuation of the impulsiv

22
November
21
November
20
November
19
November
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