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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

19 - 23 December	weekly forecast 19 - 23 December Weekly Review SPX500 Weekly Review Wave Analysis During the previous week, the SPX500 bounced off from the upper trendline, headed straight to the lowerside and is still showing signs of continuing much lower. On this chart, we are looking at nothing but a possible momentum to the lowerside. The More
2022	EURUSD	GBPUSD	USDJPY
23 December	We're waiting for a reversal. Wave Analysis: Euro continues to rally within a range not going above 1.06878 or below 1.05937. These are good levels and while the price remains within any of these lines, we are waiting for a rebound from 1.05937 to pick a buy position or a rebound from 1.06879 to pick a sell position. In the fli More	We're on the sideline temporarily Wave Analysis: Yesterday, the British pound rallied to the lowerside, but is currently pulling back to the upperside. As it is right now, we are looking at nothing but a possible rally towards 1.21260. As it is right now, we expect a possible pullback towards 1.21270 and may likely break and close More	We're heading long towards 133.736. Wave Analysis: The US Dollar continues to pullback to the upperside but is still below the level 133.736. This is a good level and while the price does not break and close above it, we are waiting for a rebound from it to pick a sell position with an ideal target set at 130.941 and may break and cl More
22 December	We're waiting for a buy around 1.05937 towards 1.06878	We're sellers towards 1.19	We're waiting for a sell around 133.736 towards 130.941.
21 December	We're waiting for a buy around 1.05937 towards 1.06878.	We're sellers towards the lower trendline.	We're sellers towards 129.535.
20 December	We're watching for a buy from 1.05846 towards 1.12.	We're buyers towards 1.23339	We're sellers towards 130.90.
19 December	We're waiting for buy orders towards 1.09.	We're sellers towards 1.23339	We're sellers towards 132.989

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Elliott waves analysis

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