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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

09 - 13
April
weekly
forecast
09 - 13
April

German Stock Index Weekly Review Wave Analysis: During this month, German Stocks Index opened around 11,925.0, and instead of rallying lower, the price pulled back upwards and is currently showing signs of rising on the weekly charts. As long as the price remains above the monthly support level

2018 EURUSD GBPUSD USDJPY
13
April

Wave Analysis During the previous trading day, euro declined slightly to the lower side but is currently bouncing from a key daily support level 1.2310. As long as the price remains above this level, we expect intraday traders to look for long positions with an ultimate target at 1.24903, if this t

Wave Analysis During the previous trading day, the cable rallied higher but is currently rallying around a key resistance level 1.42572. As long as this level protects the upper side, we expect a possible rebound from it to pick a long term short position with an ultimate target at 1.36169. If the

Wave Analysis During the previous trading day, the corrective wave (iv) extended to the upper side perfectly as previously forecasted but is still below the weekly resistance zone 108.344-108.015, as long as this zone is not violated massively to the upper side with a big green candle, we expect a

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April
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