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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

17 - 21 April	weekly forecast 17 - 21 April Gold, SP500, Brent Oil Weekly Review Gold weekly review Wave Analysis: As previously anticipated, the impulsive wave (c) traded on the higher ranges and is still pretty much bullish both on the daily and the weekly charts. During trading week, we choose to hold onto our previous buy position with our target still intact More
2017	EURUSD	GBPUSD	USDJPY
21 April	Only go long above 1.0739 Wave Analysis: Yesterday, instead of going long as previously anticipated, the pair traded on the upper side and even hit the highs of 1.0777 but ended up below the short term resistance line 1.0739. Unless there's a clear close above this line, we choose to remain flat but just temporarily. Aclea More	Expect a possible bullish price movements towards 1.3275 Wave Analysis: Earlier this week, the corrective wave (4) extended a bit higher than expected and is currently still above a key weekly resistance level 1.2683. As long as the price remain above this resistance level, we expect further corrective wave count to the upper side but should not go beyon More	Corrective move Wave Analysis: The corrective wave (iv) continues to rally to the upper side despite our expectations to close around 109.03. As long as the price remains above 109.03, we expect further corrective rally to the upper side but should not go beyond 111.03 from where we'll be looking for low risk se More
20 April	We're still long	The cable showing signs of sustaing the break above 1.2693	We're short
19 April	We're long	A spike above a weekly retracement level 1.2744	US Dollar still in a corrective mode.
18 April	Only go short below 1.0503	Perfect zone for day traders to pick sell orders	US Dollar in a corrective mode
17 April	Only go short below 1.0503	Into our sell zone 1.2741-1.2578	Expect pullbacks anytime

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Elliott waves analysis

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