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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

17 - 21 September	weekly forecast 17 - 21 September Buy SPX 500 SPX500 weekly Review Wave Analysis: Standard Poor Index is currently trading with an increasing bullish bias momentum. Perfectly as previously forecasted, this index pulled back to a key level before heading to the uperside. As long as the price remains above the level it went above previousl More
2018	EURUSD	GBPUSD	USDJPY
21 September	we're short from the upper trendline Wave Analysis Euro is currently rallying within a rising channel formation, As long as the price remains within this channel formation, we're only interested in trading reversals. . Currently as it is on the hourly chart attached, we're waiting for a clear rebound from the upper trend line to pick More	You may sell the corrective wave (4) towards the lower trendline. Wave Analysis The cable is currenty bouncing from a key resistyance trendline. As long as the price remaijns within the rising wedge formation, we're waiting for a possible bounce from the upper trendline to trade a reversals. According to the 4 hour charta above, we're waiting for a clear rebound More	we're looking for a short position upon a rebound from the upper trendline. Wave Analysis During the previous trading day, the impulsive wave (E) traded intensely to the upperside and is now bouncing from the upper trendline. We're waiting for a clear sign that the impulsive wave (E) is ended so that we sell a correction towards the lower trendline. Ideally, as long as the More
20 September	we're short temporarily	Rebuy the cable around 1.30130.	Rebuy the US Dollar around 111.86
19 September	we're long above 1.15682	we're bullish towards 1.35	we're long towards 113.08
18 September	We’re looking for a long position towards the upper trendline.	We’re looking for a possible long term short position towards 1.26907.	We’re short from the upper trendline
17 September	Wait for a sell upon a clear break below this zone 1.1400-1.156820.	As long as the price remains above this level 1.30609 we are long.	We are short from 113

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Elliott waves analysis

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