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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

23 - 27
January
weekly
forecast
23 - 27
January

Brent OIl Review Wave Analysis During the previous trading day, the Brent Oil Rallied to the upperside and is still above 86.762. As long as the price remains above 86.762, we expect nothing but a possible momentum to the upperside. The idea is to keep looking for long term buy position towards

2023 EURUSD GBPUSD USDJPY
27
January

Wave Analysis EURUSD has been on a strong uptrend from 0.95429 up to now. The market has already completed forming the major 5 waves pattern what we expect now is for the market to form a corrective 4 waves pattern that is from 1.08630 to around 1.07278. Again the market moved in for of an ascendi

Wave Analysis GBPUSD is still forming the 5 major impulsive waves. The market has been correcting from major wave III,1.24336, in form of an expanding wedge. If the market forms an expanding wedge on an uptrend that normally signals a trend continuation. So now we expect the uptrend to continue. I

Wave Analsis: USDJPY has been moving in form of a descending channel from 142.137 to where the market is now,130.237. The market is currently forming the corrective 3 minor waves. There is a support level at 129.079 which the market respected again there is a resistance level around 130.721. I expe

26
January
25
January
24
January
23
January
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