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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

06 - 10 August	weekly forecast 06 - 10 August Sell Gold Gold Weekly Review Wave Analysis After rebounding from the monthly resistance line 1384, Gold has been rallying to the lowerside and is still pretty much bearish. As long as this level protects the upperside, we expect a possible extension to the lowerside with an ultimate target at 1013.75. If More
2018	EURUSD	GBPUSD	USDJPY
10 August	we're long from 1.14067 Wave Analysis During the previous trading day, the impulsive wave (c) extended significantly to the lower side and is currently bouncing from a weekly support level 1.14067. As long as the price remains above this level, we expect a possible momentum further to the upperside. The anticipated bullis More	we're short towards 1.30308 Wave Analysis During the previous trading day, the impulsive wave (c) extended significantly to the lowerside and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below 1.30308, we expect a possible momentum to the lowerside, the anticipated bearish More	we're long from 111.030 Wave Analysis During the previous trading day, the US dollar pulled back slightly to the lowerside but is still above the daily support level 111.0360. As long as the price is contained above this level, we expect a possible rally further correction slightly to the lowerside but should not break be More
09 August	On the sidelines	We're short towards 1.2725	Look for a long position
08 August	Buy a rebound from 1.1459.	We're short towards 1.2725	We're looking for a long position.
07 August	Wait for a buy upon a rebound from 1.1459	We're short	we're long from 111.040
06 August	We're long from 1.14595.	Remain short.	we're long from 111.040

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Elliott waves analysis

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