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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.

Elliott waves analysis

07 - 11
August
weekly
forecast
07 - 11
August

SPX500 Weekly Review SP500 is currently exhibiting a strong bearish trend. The market is currently undergoing a corrective phase, specifically an ABC corrective pattern. Our projection is for the market to decline, reaching at least 4335.5. Please be aware that this zone aligns with our target fo

2023 EURUSD GBPUSD USDJPY
11
August

EURUSD is currently undergoing a substantial downward movement, aligning with the anticipated bearish impulsive phase. A visual analysis of the chart confirms the ongoing formation of the outer wave 'V'. Our projection indicates a potential descent to at least 1.0953, with the ultimate objective se

GBPUSD is currently exhibiting strong bearish momentum, as evident from the chart above. The market remains within an impulsive phase, with the formation of impulsive wave 'V' currently underway. We anticipate the price to decline, possibly reaching the level of "1.2480." It's important to note tha

USDJPY is still bullish, and the market is currently at a resistance zone of 144.88, we are watching keenly waiting for the market to break above impulsively, Failure to which this setup will be invalidated. Note that this pair is still in a bullish impulsive phase. From the chart above we can see

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