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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

06 - 10 March	weekly forecast 06 - 10 March Buy Gold Silver Weekly Review XAGUSD is currently dropping. The market is in a corrective wave (corrective 3-wave pattern). The market is currently at a minor corrective wave (a)20.502. And again the market has formed a descending channel, which is expanding in nature (more clear in a lower time frame More
2023	EURUSD	GBPUSD	USDJPY
10 March	We're sellers EURUSD is in a strong downtrend since. The market is currently in a corrective phase which is the corrective 3-wave pattern/ABC pattern. As we can see on the chart above, the market has been rejected at a major resistance zone (1.0587). I expect the price to drop from this resistance zone at least More	We're short with our target at 1.16 GBPUSD has been on a downtrend since the beginning of this week. The market is in a corrective phase which is the corrective 3-wave pattern. As we can see on the chart above, the market has formed a descending channel from 1.2266. The market is still growing within this descending channel. Currentl More	Buy USDJPY USDJPY is very bullish. The market is currently in a corrective phase (ABC corrective pattern). As we can see on the chart above, the market formed an expanding wedge pattern, a bullish pattern at,136.52. I expect the market to drop up to the major zone/support zone at 135.64. From this support zon More
09 March	We're short	We're sellers	We're buyers
08 March	We're sellers	We're sellers	We're long
07 March	We're sellers	We're sellers towars 1.1973	Look for buy positions
06 March	We're short	We're waiting for a rebound from the upper trendline to pick a sell position.	We're buyers for now

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Elliott waves analysis

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