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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

15 - 19
August
weekly
forecast
15 - 19
August

 DAX30  WEEKLY REVIEW: Wave Analysis: According to the monthly chart attached, German stock's index is currently in a a corrective mode. We expect the price to continue to the upperside and should see the price continue to the upperside and may likely head much higher with the next ide

2022 EURUSD GBPUSD USDJPY
19
August

Wave Analysis: Despite being positively correlated to the British pound, Euro continues to rally much lower following the break below 1.05045. As is it is right now, we expecct a possible extension to the lowerside, I recommend looking for low risk sell positions expecting the price to continue muc

Wave Analysis: On the Monthly chart attached, the British pound continues to rally to the lowerside despite being on a monthly support zone 1.22254. This a monthly supportiove zone and while the priee remains aboe it, we don't expect the impulsive wave(5) to continue any lower. The idea on this cha

Wave Analysis: As previously expected the United states dollar continue to rally to the upperside as previously forecasted and is not showing any signs of contuing to the lowerside. On this chart, we are holding onto buyers perspeccive expecting the price to continue much higher with the next ideal

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