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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

04 - 08 September	weekly forecast 04 - 08 September Gold Weekly Review Gold Weekly Review Wave Analysis: On Thursday last week, the daily candle opened at 1308.78, went as low as 1300.62, and as high as 1323.62 but ended up closing at 1324.31 1400 pips above its opening. This was a perfect bullish engulfing candle closing above a key zone resistance zone 1308.49-13 More
2017	EURUSD	GBPUSD	USDJPY
08 September	Bulls fully charged Wave Analysis: Despite our anticipation that euro could correct itself downwards, the impulsive wave (5) traded on the higher ranges and is still pretty much bullish both on the daily and weekly charts. Following the rise above 1.1918, we expect further bullish momentum towards 1.2476, and even a b More	Still long. Wave Analysis Perfectly as this week's forecasts have stated, the impulsive wave (v) has extended to the upper side almost 200 pips and will likely continue to the upper side. We expect this upward rally to be the continuation of the impulsive wave (v) towards 1.3275 and may break above with the ne More	Bears Gaining momentum Wave Analysis: During the previous trading day, the impulsive wave (c) extended to the lower side and even went below the short term support line 108.44. We're waiting for this pair to sustain this break to give us the green light to continue short with our first target 102.68. If this level is bro More
07 September	Waiting to buy the euro	We're long towards 1.3275	Still bearish
06 September	Waiting for a clear buy position	We're long	Wait for a break below 108.44 to short usdjpy
05 September	Short only up to 1.1630	Short the cable at 1.3027	Bears Gaining momentum
04 September	Short	Long term corrections almost coming to completion	Sell the US Dollar around 110.72.

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Elliott waves analysis

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