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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

27 - 31 March	weekly forecast 27 - 31 March Weekly Review SPX500 Weekly Review SP500 has been bullish since last week. The market is in a corrective phase, and the market is currently very bullish. The market formed a descending wedge (Bullish reversal pattern) that is expanding in nature, from the beginning of major wave (I),4810.6, to the end of majo More
2023	EURUSD	GBPUSD	USDJPY
31 March	We're sellers EURUSD is currently at a minor zone/resistance zone, at 1.0910. The market is currently in a corrective phase, displaying an ABC corrective pattern. This pair has formed an expanding wedge, which is a bearish pattern starting from 1.0666. It is expected that the market will form a double top or any More	We're buyers GBPUSD has been bullish since the beginning of this week. Currently, the market is in a corrective phase, displaying an ABC corrective pattern, as we predicted in our previous analysis from March 31st, 2023. The market will likely remain bullish, at least up to 1.2400. Furthermore, the price is mov More	We're sellers USDJPY is currently very bearish, with the price at a major impulsive wave (IV) of 132.85. The market has been moving in the form of a descending wedge that is expanding from 132.99 to where the market currently stands. Within this expanding wedge, an ascending channel has formed, which is also a b More
30 March	Look for sell orders	We're buyers	We're sellers for now.
29 March	We're sellers for now	We're buyers	We're looking for sell positions
28 March	We/re short	We're long	We're short
27 March	We're short	We're buyers	We're sellers

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Elliott waves analysis

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