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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

25 - 29 September	weekly forecast 25 - 29 September Buy Dax Now DAX Weekly Review During the previous trading day, Dax rallied to the lowerside but could not break below 15,472.1, as long as the price does not break and close below this level, we are waiting for a rebound from this level to pick a possible long term buy position. And in case the price b More
2023	EURUSD	GBPUSD	USDJPY
29 September	Euro is in a correction mode EURUSD is presently experiencing a bullish corrective phase, with the market forming the ABC corrective pattern. Based on the current chart, it's evident that the price is shaping the minor corrective wave 'a,' with our target set at the resistance zone of 1.0742. We anticipate the price to rise, t More	We're pulling back upwards GBPUSD is currently exhibiting strong bullish momentum. This pair is in a corrective phase following the ABC corrective pattern. Presently, the price is forming the corrective wave 'a'. We anticipate the price to rise, targeting at least the resistance zone at 1.2479 for the minor wave 'a'. If you More	We're long for now USDJPY continues to exhibit a bullish trend, with the price nearing completion of the most outer major impulsive wave 'V,' targeting the resistance zone at (150.08). The market is currently in an impulsive phase (impulsive V-wave pattern) and forming the major outer wave 'V,' with our target set at More
28 September	We're waiting for a corrections	We're waiting	We're long for now
27 September	Remain short for now	We're buyers for now	We're long for now
26 September	As long as the price remains below 1.06304, we are looking for low risk sell positions.	We're short for now.	We're long towards 151.9
25 September	Wait for a rebound from 1.06350 towards 1.07724.	We're short towards 1.20.	We're long for now

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Elliott waves analysis

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