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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 Weekly Review Silver Review As observed on the chart above, XAGUSD is showing a persistent bearish trend. The market is currently in a corrective phase, characterized by an ABC corrective pattern. An ascending channel, which is a bearish reversal pattern, has formed on the chart, stretching from 22.354 to 25. More
2023	EURUSD	GBPUSD	USDJPY
28 April	We're long for now. Trade Recommendations: On this chart, we expect nothing but a possible momentum to the upperside. As it is right now, on the chart above, while the price remains above 1.0320, we are looking for nothing but a possible bullish price rally towards 1.1120 and may see the price rally much higher. On t More	We're Short Trade Recommendation: Yesterday, the British pound rallied to the lower but is still pretty much bearish both on the daily and on the weekly charts, on this chart, I am strictly looking for sell positions with thenext ideal target set at 1.2195 and may see the price rally much lower. Should the pr More	Wait Trade Recommendations: On the US Dollar chart, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave c to the lowerside and will see the price rally towards 131.40 and may push the price much lower towards 130 More
27 April	Wait	place a sell order now, with your profit target set at 1.2205	We're short
26 April	We're short	We're sellers for now	We're short
25 April	We're short	Sell the British pound	Sell USD JPY Now
24 April	We're sellers	Sell the British pound	Sell USDJPY towards 132.0

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Elliott waves analysis

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