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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

03 - 07 October	weekly forecast 03 - 07 October Weekly Review Dow Jones Weekly Review Wave Analysis As long as the price remains below the zone 28989-28898. On this chart, I am looking forward to a possible extension of the late impulsive wave (5) to the lowerside and should break and close below 28415 and may likely continue to the lower More
2022	EURUSD	GBPUSD	USDJPY
07 October	We're sellers towards 0.93. Wave Analysis After almost 23% fib retracement, Euro has now embarked on a bearish rally. On this chart, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and may see the price rally to More	We're buyers towards 1.1921 Wave Analysis Yesterday, The British pound rallied to the upperside and is now above the zone 1.14640-1.14266. As long as the price remains above this zone, I am looking for nothing but a possible momentum to the upperside. The anticipated bullish price rally is an extension of the last impulsive More	We're buyers towards 149.90. Wave Analysis The US Dollar continues to rally in an upward manner, on this chart, I am looking for a possible long term buy positions. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperside will see the price continue much higher towards 149.90 and More
06 October	We're sellers towards 0.93.	We're waiting for a sell.	We're waiting to buy a break above the previous week's highest high.
05 October	We're sellers towards 0.09324.	We're buyers towards 1.1589.	We're sellers towards the lower trendline.
04 October	We're sellers towards 0.93.	We're buyers towards 1.14460.	We're buyers
03 October	We're sellers towards 0.90.	Wait	We're waiting for a rebound from 38.2% fib level to pick a buy position towards 149.90.

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Elliott waves analysis

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