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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

03 - 07 April	weekly forecast 03 - 07 April Buy SPX500 Weekly Review SPX500 Weekly Review SP500 has been bullish since last week. Currently, the market is in a corrective phase, which is the ABC corrective pattern. The market has formed a descending wedge, which is an expanding bullish reversal pattern that extends from the beginning of major wave (I), at 4810.6, More
2023	EURUSD	GBPUSD	USDJPY
07 April	We're buyers for now EURUSD is still very bullish since the beginning of this week, the market is in a corrective phase which is the ABC corrective pattern. As we can see from the chart above, the market has formed a descending channel which is a bullish continuation pattern, from minor corrective wave "A",1.1029 to mi More	We're buyers for now GBPUSD has been bullish since the beginning of this week. The market is currently in a corrective phase, following an ABC corrective pattern. As we can see on the chart above, the market has formed a continuation pattern known as an expanding channel, from minor corrective wave "A" at 1.2 More	We're short USDJPY is still very bearish. The market is forming the 5 major impulsive waves pattern. As we can see on the chart above the market formed an ascending channel(A bearish reversal pattern) from 129.63 to 133.65. Currently, the price is at a major zone /resistance, if we check on the lower timeframe More
06 April	We're long	We're sellers	We're short
05 April	We're buyers	We're buyers for now.	We're sellers for now
04 April	Hold onto sell positions towards 1.0393	We're sellers for now	We're sellers towards 127.36
03 April	We're short with our target at 1.0393	Short temporarily	Short for now

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Elliott waves analysis

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