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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

24 - 28 April	weekly forecast 24 - 28 April Gold Retracing Gold Weekly Review Wave Analysis: During the previous week, Gold markets moved slightly to the upper side but could not close above the resistance line 1294.07. We're waiting for a clear break above this resistance line to confirm a continuation of the impulsive wave (c) towards 1396. More
2017	EURUSD	GBPUSD	USDJPY
28 April	Buy EURUSD with an ideal target at 1.111 Wave Analysis: After gaping above the daily resistance line 1.08641, the pair retraced back to this line but is currently finding it hard to close below it. We're waiting for a clear rebound signal from this key level to long the motive wave (v) towards 1.1111 and could break higher but should not More	The Cable possibly retracing but should not go beyond 1.2890 Wave Analysis: Following the end of the corrective wave (iv) around the lower trend line, the impulsive wave (iii) took to the upper side and even broke above the short term resistance level 1.2890. During this intraday, we expect to continue to the upper side, that the current bearish wave count i More	Sell upon a clear rebound around 111.94 Wave Analysis: The corrective wave (b) continues to rally to the upper side but is yet to hit perfectly our sell zone 111.94-111.693. We're waiting for a clear rally towards this zone to short USDJPY at very low risk, as at the moment, we're not short neither are we long, but we're waiting patientl More
27 April	Expect a possible bullish price movements towards 1.12475.	We're long with an ideal target at 1.3071	Sell upon a clear rebound around 111.94
26 April	We're long	Buy the cable towards 1.33	Sell around 111.94
25 April	As long as the pair remains above 1.08649, expect a possible bullish price movements towards 1.10.	Expect a possible bullish price movements towards 1.34	Sell from 111.94 with an ideal target at 100.54
24 April	Expect a possible retracement towards 1.07271	GBPUSD could sustain the break above 1.2741	US Dollar in a corrective mode

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Elliott waves analysis

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