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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

13 - 17 March	weekly forecast 13 - 17 March Weekly Review Gold Weekly Review Wave Analysis During the previous trading day, gold rallied to the upperside but is still below 1889.90. As long as the price remains below this level, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation o More
2023	EURUSD	GBPUSD	USDJPY
17 March	We're looking for sell positions towards 0.98 EURUSD is moving to the upside. The market is currently bearish, and the market is in a corrective phase (ABC corrective pattern) .formed an ascending wedge pattern which is a bearish pattern from the beginning of the major impulsive wave (I),0.9730 to the end of the major impulsive wave (5),1.1031 More	We're still long GBPUSD is currently moving impulsively to the upside, the market is in a corrective phase ( ABC corrective pattern). the market formed a descending channel from the beginning of the major impulsive wave (1),1.1976 to the end of the major impulsive wave (5),1.1817. Descending channels are bullish pa More	We're sellers. USDJPY is currently very bearish, and the market is in a corrective phase (ABC corrective pattern). The market is forming lower highs and lower lows, meaning the market is in a downtrend and probably the market is forming a new trend. The price is likely to move in form of a descending channel fro More
16 March	Look for sell positions	We're buyers	We're sellers
15 March	We're looking for buy positions towards 1.08	We're watching for a buy around 1.2035	We're sellers below 133.50 towards 129.59
14 March	We're buyers	We're buyers for now.	Look for sell positions towards 130.85
13 March	We're sellers towards 1/014	We're sellers towards 1.17	We're buyers for now.

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Elliott waves analysis

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