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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

14 - 18 August	weekly forecast 14 - 18 August Weekly Review SPX500 Weekly Review The SP500 is currently exhibiting strong bearish tendencies. The market is undergoing a corrective phase, with the formation of the minor corrective wave c in progress. We anticipate a potential market drop, with a target of at least 4383.5. It's important to highlight that More
2023	EURUSD	GBPUSD	USDJPY
18 August	Remain short with EURUSD EURUSD is undergoing a notable decline, with the price nearly reaching our support target of 1.0830. The market is currently in the process of forming the impulsive major outer wave 'V'. Our projection is for the price to decrease to a minimum of 1.0953, while the ultimate target is set at 1.0869. More	We're short We maintain a strongly bearish outlook on GBPUSD as the market approaches the completion of the major wave 'V'. The current market conditions suggest the formation of the impulsive wave 'V', which is expected to drive prices down to the level of 1.2480. This zone represents our target for the major More	We're watching for a buy around 145.016. For the past week, the USD has been in an active bearish correction, as it is right now, I am looking for a possible rally to the lowerside towards the level 145.016, \as long as the price remains above 145.016, we are going to be looking for a low risk buy position. We are basically waiting for a More
17 August	We're short for now	We're short	We're long for now
16 August	We're sellers	We're short	We're long for now.
15 August	We're short for now	We're short for now	We're long for now
14 August	We're short for now	We're short for now	We're buyers for now

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Elliott waves analysis

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